Deprince Race & Zollo Inc. Sells 364,029 Shares of KB Home $KBH

Deprince Race & Zollo Inc. cut its stake in shares of KB Home (NYSE:KBH) by 34.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 690,251 shares of the construction company’s stock after selling 364,029 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 1.10% of KB Home worth $35,720,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Inspire Investing LLC increased its holdings in KB Home by 21.8% during the 1st quarter. Inspire Investing LLC now owns 10,029 shares of the construction company’s stock worth $519,000 after purchasing an additional 1,795 shares during the period. 1492 Capital Management LLC purchased a new stake in shares of KB Home in the 1st quarter worth $3,038,000. Falcon Wealth Planning grew its position in shares of KB Home by 34.8% during the 1st quarter. Falcon Wealth Planning now owns 16,665 shares of the construction company’s stock worth $862,000 after buying an additional 4,304 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in shares of KB Home during the 1st quarter worth $947,000. Finally, Hsbc Holdings PLC increased its stake in shares of KB Home by 953.9% during the fourth quarter. Hsbc Holdings PLC now owns 33,776 shares of the construction company’s stock valued at $1,920,000 after buying an additional 30,571 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KBH. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $53.00 price objective on shares of KB Home in a research note on Wednesday, June 24th. Barclays raised their target price on shares of KB Home from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $77.00 price target on shares of KB Home in a research report on Wednesday, June 24th. Citigroup reiterated a “market outperform” rating on shares of KB Home in a research note on Wednesday, June 17th. Finally, Wells Fargo & Company lifted their price objective on shares of KB Home from $50.00 to $52.00 and gave the company an “underweight” rating in a report on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.17.

KB Home Stock Down 3.1%

NYSE KBH opened at $60.63 on Thursday. The company has a 50 day moving average price of $52.30 and a 200 day moving average price of $55.95. The firm has a market cap of $3.80 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 10.53 and a beta of 1.33. KB Home has a 52 week low of $44.03 and a 52 week high of $68.71.

KB Home (NYSE:KBH) last released its earnings results on Tuesday, June 23rd. The construction company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). KB Home had a return on equity of 7.67% and a net margin of 4.94%.The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business earned $1.50 earnings per share. The firm’s revenue for the quarter was down 27.3% on a year-over-year basis. On average, equities research analysts anticipate that KB Home will post 3.25 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, May 7th. KB Home’s dividend payout ratio (DPR) is presently 34.84%.

About KB Home

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.