Xponance Inc. Decreases Stock Position in KB Home (NYSE:KBH)

Xponance Inc. lessened its stake in KB Home (NYSE:KBH) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,103 shares of the construction company’s stock after selling 180 shares during the quarter. Xponance Inc.’s holdings in KB Home were worth $693,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its holdings in KB Home by 3.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,355 shares of the construction company’s stock worth $334,000 after acquiring an additional 200 shares during the period. Fifth Third Bancorp boosted its stake in shares of KB Home by 40.9% during the 3rd quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock valued at $43,000 after buying an additional 270 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of KB Home by 1.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 14,996 shares of the construction company’s stock valued at $694,000 after buying an additional 272 shares during the last quarter. Bailard Inc. boosted its stake in shares of KB Home by 2.5% during the 3rd quarter. Bailard Inc. now owns 12,100 shares of the construction company’s stock valued at $560,000 after buying an additional 300 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of KB Home by 8.7% during the 3rd quarter. Inspire Investing LLC now owns 6,614 shares of the construction company’s stock valued at $306,000 after buying an additional 531 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 38,386 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total value of $2,554,972.16. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,294,522.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Brian J. Woram sold 83,272 shares of KB Home stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $60.53, for a total transaction of $5,040,454.16. Following the sale, the executive vice president now directly owns 156,119 shares in the company, valued at $9,449,883.07. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jeff Kaminski sold 38,386 shares of KB Home stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the sale, the chief financial officer now owns 34,473 shares in the company, valued at $2,294,522.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 172,629 shares of company stock worth $10,675,718. 4.44% of the stock is owned by insiders.

KB Home Stock Performance

KBH stock opened at $65.60 on Friday. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 0.73 and a beta of 1.73. KB Home has a 1 year low of $41.33 and a 1 year high of $72.00. The stock’s fifty day moving average is $66.19 and its two-hundred day moving average is $59.23.

KB Home (NYSE:KBH) last posted its earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.19. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. KB Home had a return on equity of 15.78% and a net margin of 9.29%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $1.45 earnings per share. As a group, analysts predict that KB Home will post 8.01 EPS for the current fiscal year.

KB Home Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.52%. This is a boost from KB Home’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 8th. KB Home’s dividend payout ratio (DPR) is presently 10.88%.

Wall Street Analyst Weigh In

KBH has been the subject of several research analyst reports. Wells Fargo & Company increased their target price on KB Home from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. UBS Group increased their target price on KB Home from $82.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Royal Bank of Canada increased their target price on KB Home from $63.00 to $69.00 and gave the company a “sector perform” rating in a research note on Thursday, March 21st. StockNews.com cut KB Home from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Wedbush increased their target price on KB Home from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $66.11.

KB Home Profile

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.