Fisher Asset Management LLC Sells 32,554 Shares of KB Home $KBH

Fisher Asset Management LLC reduced its position in KB Home (NYSE:KBH) by 89.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,743 shares of the construction company’s stock after selling 32,554 shares during the quarter. Fisher Asset Management LLC’s holdings in KB Home were worth $211,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. New Age Alpha Advisors LLC boosted its stake in KB Home by 87.6% in the fourth quarter. New Age Alpha Advisors LLC now owns 9,381 shares of the construction company’s stock valued at $529,000 after buying an additional 4,381 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in KB Home by 24.5% in the fourth quarter. Hantz Financial Services Inc. now owns 6,865 shares of the construction company’s stock valued at $387,000 after buying an additional 1,351 shares in the last quarter. Jefferies Financial Group Inc. boosted its stake in shares of KB Home by 166.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 19,000 shares of the construction company’s stock valued at $1,072,000 after purchasing an additional 11,882 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of KB Home by 5.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 23,204 shares of the construction company’s stock valued at $1,309,000 after purchasing an additional 1,239 shares in the last quarter. Finally, Abacus Wealth Partners LLC acquired a new stake in shares of KB Home in the 4th quarter valued at approximately $1,269,000. 96.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

KBH has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced their price target on shares of KB Home from $65.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 25th. Weiss Ratings downgraded shares of KB Home from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of KB Home from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. UBS Group reduced their price target on shares of KB Home from $71.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Finally, Barclays reduced their price target on shares of KB Home from $62.00 to $56.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 25th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $59.17.

KB Home Price Performance

NYSE:KBH opened at $51.26 on Tuesday. The firm’s 50 day simple moving average is $50.77 and its 200 day simple moving average is $57.04. KB Home has a one year low of $44.03 and a one year high of $68.71. The company has a market cap of $3.21 billion, a PE ratio of 13.01, a P/E/G ratio of 8.63 and a beta of 1.37.

KB Home (NYSE:KBH) last posted its earnings results on Tuesday, March 24th. The construction company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. KB Home had a net margin of 5.96% and a return on equity of 9.63%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the company earned $1.49 EPS. The firm’s revenue was down 22.6% compared to the same quarter last year. Equities research analysts expect that KB Home will post 3.1 EPS for the current year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.00 annualized dividend and a yield of 2.0%. KB Home’s dividend payout ratio (DPR) is currently 25.38%.

KB Home 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.