Allianz Asset Management GmbH Trims Stock Position in KB Home $KBH

Allianz Asset Management GmbH lessened its holdings in KB Home (NYSE:KBH) by 35.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 63,465 shares of the construction company’s stock after selling 34,915 shares during the period. Allianz Asset Management GmbH’s holdings in KB Home were worth $4,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in KBH. Yousif Capital Management LLC increased its holdings in KB Home by 0.8% during the second quarter. Yousif Capital Management LLC now owns 25,550 shares of the construction company’s stock valued at $1,353,000 after buying an additional 209 shares during the last quarter. Securian Asset Management Inc. grew its position in shares of KB Home by 4.6% during the 2nd quarter. Securian Asset Management Inc. now owns 5,462 shares of the construction company’s stock valued at $289,000 after acquiring an additional 238 shares during the period. Jones Financial Companies Lllp increased its stake in shares of KB Home by 44.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock worth $49,000 after purchasing an additional 240 shares in the last quarter. Nebula Research & Development LLC raised its holdings in KB Home by 6.3% in the 2nd quarter. Nebula Research & Development LLC now owns 4,402 shares of the construction company’s stock worth $233,000 after purchasing an additional 262 shares during the period. Finally, Covestor Ltd raised its holdings in KB Home by 15.4% in the 3rd quarter. Covestor Ltd now owns 2,020 shares of the construction company’s stock worth $129,000 after purchasing an additional 270 shares during the period. 96.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on KBH. Keefe, Bruyette & Woods cut their price target on KB Home from $67.00 to $62.00 and set a “market perform” rating for the company in a report on Tuesday, December 23rd. Royal Bank Of Canada lowered their price objective on KB Home from $59.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Friday, December 19th. UBS Group reduced their target price on shares of KB Home from $77.00 to $71.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Zacks Research cut shares of KB Home from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 23rd. Finally, Raymond James Financial downgraded shares of KB Home from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 24th. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, KB Home presently has an average rating of “Hold” and an average target price of $62.73.

KB Home Price Performance

KBH stock opened at $63.53 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.53 and a current ratio of 5.77. The company’s fifty day moving average price is $60.19 and its 200-day moving average price is $61.44. KB Home has a one year low of $48.90 and a one year high of $68.71. The company has a market capitalization of $4.01 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 7.90 and a beta of 1.49.

KB Home (NYSE:KBH) last posted its earnings results on Thursday, December 18th. The construction company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.13. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.66 billion. KB Home had a net margin of 6.88% and a return on equity of 11.40%. KB Home’s quarterly revenue was down 15.5% on a year-over-year basis. During the same period last year, the company posted $2.52 earnings per share. On average, equities analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, February 5th. KB Home’s payout ratio is 20.37%.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.