Jacobs Levy Equity Management Inc. Decreases Stock Position in KB Home (NYSE:KBH)

Jacobs Levy Equity Management Inc. lowered its stake in KB Home (NYSE:KBH) by 88.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,902 shares of the construction company’s stock after selling 796,453 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.15% of KB Home worth $7,026,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Janus Henderson Group PLC increased its holdings in shares of KB Home by 174.9% in the fourth quarter. Janus Henderson Group PLC now owns 191,988 shares of the construction company’s stock worth $12,620,000 after buying an additional 122,145 shares during the period. Ethic Inc. increased its holdings in shares of KB Home by 25.0% in the fourth quarter. Ethic Inc. now owns 18,042 shares of the construction company’s stock worth $1,186,000 after buying an additional 3,610 shares during the period. Deutsche Bank AG increased its holdings in shares of KB Home by 17.9% in the fourth quarter. Deutsche Bank AG now owns 129,770 shares of the construction company’s stock worth $8,528,000 after buying an additional 19,668 shares during the period. Cetera Investment Advisers increased its holdings in shares of KB Home by 2.8% in the fourth quarter. Cetera Investment Advisers now owns 23,556 shares of the construction company’s stock worth $1,548,000 after buying an additional 632 shares during the period. Finally, Centiva Capital LP increased its holdings in shares of KB Home by 124.8% in the fourth quarter. Centiva Capital LP now owns 34,196 shares of the construction company’s stock worth $2,247,000 after buying an additional 18,982 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Stock Up 0.1%

KBH stock opened at $56.20 on Wednesday. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The business’s 50 day moving average price is $56.07 and its two-hundred day moving average price is $65.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 0.90 and a beta of 1.45.

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

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a $0.25 dividend. The ex-dividend date is Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.78%. KB Home’s dividend payout ratio is currently 12.20%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. UBS Group reduced their price target on KB Home from $97.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. The Goldman Sachs Group reduced their price target on KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. JPMorgan Chase & Co. reduced their price target on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Evercore ISI boosted their price target on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Finally, Raymond James restated an “outperform” rating and set a $80.00 price target (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, KB Home has an average rating of “Hold” and an average target price of $71.23.

KB Home Company 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.