Brandywine Global Investment Management LLC Sells 7,627 Shares of KB Home (NYSE:KBH)

Brandywine Global Investment Management LLC trimmed its stake in shares of KB Home (NYSE:KBH) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 338,659 shares of the construction company’s stock after selling 7,627 shares during the period. Brandywine Global Investment Management LLC owned 0.47% of KB Home worth $22,257,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Holocene Advisors LP bought a new stake in shares of KB Home in the third quarter worth about $89,899,000. Norges Bank bought a new stake in KB Home in the 4th quarter worth approximately $49,638,000. Hennessy Advisors Inc. bought a new stake in KB Home in the 4th quarter worth approximately $44,118,000. Raymond James Financial Inc. purchased a new stake in shares of KB Home during the 4th quarter worth approximately $12,288,000. Finally, Quantbot Technologies LP boosted its position in shares of KB Home by 4,083.5% during the 4th quarter. Quantbot Technologies LP now owns 146,422 shares of the construction company’s stock valued at $9,623,000 after acquiring an additional 142,922 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.89% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on KBH shares. Barclays decreased their price target on shares of KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 25th. Raymond James reaffirmed an “outperform” rating and issued a $80.00 price target (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Bank of America reduced their price objective on KB Home from $67.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th. Wells Fargo & Company lowered their price objective on KB Home from $63.00 to $57.00 and set an “underweight” rating for the company in a research note on Tuesday, March 25th. Finally, UBS Group cut their target price on KB Home from $97.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $71.21.

KB Home Stock Down 2.4 %

Shares of KBH opened at $57.79 on Monday. The firm has a fifty day moving average price of $63.43 and a 200-day moving average price of $72.35. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.13 billion, a P/E ratio of 6.82, a P/E/G ratio of 0.90 and a beta of 1.89. KB Home has a 12-month low of $56.41 and a 12-month high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) 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 analysts’ expectations of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. KB Home’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the firm earned $1.76 earnings per share. Equities research analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.73%. KB Home’s dividend payout ratio (DPR) is currently 12.20%.

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.