KB Home (NYSE:KBH) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. trimmed its position in KB Home (NYSE:KBH) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,009 shares of the construction company’s stock after selling 1,278 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in KB Home were worth $1,631,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Manchester Capital Management LLC lifted its holdings in KB Home by 433.0% during the 4th quarter. Manchester Capital Management LLC now owns 485 shares of the construction company’s stock worth $30,000 after buying an additional 394 shares during the last quarter. Byrne Asset Management LLC acquired a new position in KB Home in the first quarter valued at approximately $41,000. GAMMA Investing LLC purchased a new position in KB Home in the fourth quarter valued at approximately $47,000. Fidelis Capital Partners LLC acquired a new stake in KB Home during the first quarter worth approximately $60,000. Finally, Daiwa Securities Group Inc. acquired a new stake in KB Home during the fourth quarter worth approximately $56,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at KB Home

In other KB Home news, Director Thomas W. Gilligan sold 3,914 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $70.48, for a total value of $275,858.72. Following the completion of the transaction, the director now owns 48,217 shares in the company, valued at $3,398,334.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Thomas W. Gilligan sold 3,914 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $70.48, for a total transaction of $275,858.72. Following the transaction, the director now directly owns 48,217 shares of the company’s stock, valued at approximately $3,398,334.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Albert Z. Praw sold 22,160 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the sale, the executive vice president now directly owns 135,512 shares in the company, valued at approximately $9,500,746.32. The disclosure for this sale can be found here. Company insiders own 4.44% of the company’s stock.

KB Home Stock Performance

KB Home stock traded up $0.06 during trading hours on Wednesday, reaching $81.72. 521,372 shares of the stock were exchanged, compared to its average volume of 1,273,990. KB Home has a 52-week low of $42.11 and a 52-week high of $83.74. The stock has a market cap of $6.15 billion, a P/E ratio of 10.82, a P/E/G ratio of 0.81 and a beta of 1.80. The firm’s 50 day moving average is $71.07 and its 200 day moving average is $66.98.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, June 18th. The construction company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.37. KB Home had a net margin of 9.43% and a return on equity of 15.66%. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Equities research analysts expect that KB Home will post 8.38 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. KB Home’s dividend payout ratio is currently 13.23%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KBH. Royal Bank of Canada increased their target price on shares of KB Home from $69.00 to $70.00 and gave the company a “sector perform” rating in a research report on Thursday, June 20th. StockNews.com downgraded KB Home from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Evercore ISI raised their price target on KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Wedbush lifted their price target on KB Home from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, June 20th. Finally, JPMorgan Chase & Co. increased their price objective on KB Home from $68.50 to $70.50 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $71.88.

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.