Cerity Partners LLC Has $1.43 Million Holdings in KB Home (NYSE:KBH)

Cerity Partners LLC reduced its stake in KB Home (NYSE:KBH) by 48.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,011 shares of the construction company’s stock after selling 18,731 shares during the period. Cerity Partners LLC’s holdings in KB Home were worth $1,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. MML Investors Services LLC acquired a new position in KB Home in the third quarter valued at about $464,000. Barclays PLC lifted its holdings in shares of KB Home by 24.5% during the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock worth $16,816,000 after acquiring an additional 38,638 shares during the period. Virtu Financial LLC boosted its position in shares of KB Home by 97.6% during the 3rd quarter. Virtu Financial LLC now owns 7,960 shares of the construction company’s stock worth $682,000 after acquiring an additional 3,931 shares in the last quarter. Sanctuary Advisors LLC increased its stake in KB Home by 5.2% in the third quarter. Sanctuary Advisors LLC now owns 11,080 shares of the construction company’s stock valued at $880,000 after acquiring an additional 545 shares during the last quarter. Finally, World Investment Advisors LLC bought a new stake in KB Home during the third quarter worth $1,226,000. Institutional investors own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KBH. StockNews.com lowered KB Home from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. lowered their target price on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Seaport Res Ptn raised shares of KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Evercore ISI lifted their price target on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Finally, Wells Fargo & Company dropped their price objective on shares of KB Home from $57.00 to $55.00 and set an “underweight” rating for the company in a research note on Monday. Three analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, KB Home presently has an average rating of “Hold” and a consensus target price of $71.04.

KB Home Stock Performance

NYSE KBH opened at $51.59 on Friday. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 6.09, a PEG ratio of 0.90 and a beta of 1.65. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. KB Home has a twelve month low of $48.90 and a twelve month high of $89.70. The stock has a fifty day simple moving average of $59.22 and a 200 day simple moving average of $69.08.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.07). The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 EPS. Sell-side analysts expect that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.94%. KB Home’s dividend payout ratio (DPR) is currently 12.20%.

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.89% of the company’s stock.

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.