Bailard Inc. Sells 900 Shares of KB Home (NYSE:KBH)

Bailard Inc. decreased its position in KB Home (NYSE:KBH) by 7.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 11,200 shares of the construction company’s stock after selling 900 shares during the period. Bailard Inc.’s holdings in KB Home were worth $700,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in KB Home in the 4th quarter valued at approximately $47,000. Daiwa Securities Group Inc. bought a new stake in KB Home in the 4th quarter valued at approximately $56,000. Fifth Third Bancorp lifted its stake in KB Home by 40.9% in the 3rd quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock valued at $43,000 after acquiring an additional 270 shares in the last quarter. Whittier Trust Co. acquired a new position in shares of KB Home during the 4th quarter worth approximately $62,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of KB Home during the 4th quarter worth approximately $130,000. Institutional investors own 96.09% of the company’s stock.

Insider Buying and Selling

In related news, Director Arthur Reginald Collins sold 5,500 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $60.12, for a total transaction of $330,660.00. Following the completion of the sale, the director now directly owns 9,098 shares in the company, valued at approximately $546,971.76. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Arthur Reginald Collins sold 5,500 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $60.12, for a total transaction of $330,660.00. Following the completion of the sale, the director now directly owns 9,098 shares in the company, valued at approximately $546,971.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jeff Kaminski sold 38,386 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total value of $2,554,972.16. Following the sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,294,522.88. The disclosure for this sale can be found here. Insiders sold a total of 172,629 shares of company stock worth $10,675,718 in the last ninety days. 4.44% of the stock is owned by insiders.

KB Home Price Performance

KBH opened at $65.60 on Friday. The business has a fifty day simple moving average of $66.19 and a 200 day simple moving average of $59.23. The company has a market capitalization of $4.98 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.73 and a beta of 1.73. KB Home has a 1 year low of $41.33 and a 1 year high of $72.00.

KB Home (NYSE:KBH) last released its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.19. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. KB Home had a return on equity of 15.78% and a net margin of 9.29%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 EPS. Equities analysts anticipate that KB Home will post 8.01 earnings per share for the current fiscal year.

KB Home Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.52%. This is an increase from KB Home’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, May 8th. KB Home’s dividend payout ratio is presently 10.88%.

Wall Street Analyst Weigh In

Several research firms have weighed in on KBH. JPMorgan Chase & Co. boosted their price target on KB Home from $68.50 to $70.50 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Barclays boosted their price target on KB Home from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Evercore ISI lowered their price target on KB Home from $82.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, March 21st. Raymond James boosted their price target on KB Home from $61.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Finally, UBS Group boosted their price target on KB Home from $82.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $66.11.

About KB Home

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.