Moody Aldrich Partners LLC Has $1.34 Million Stock Position in KB Home (NYSE:KBH)

Moody Aldrich Partners LLC reduced its stake in KB Home (NYSE:KBH) by 22.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 20,455 shares of the construction company’s stock after selling 6,003 shares during the period. Moody Aldrich Partners LLC’s holdings in KB Home were worth $1,344,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KBH. Financial Management Professionals Inc. acquired a new position in KB Home in the third quarter valued at approximately $32,000. Riggs Asset Managment Co. Inc. acquired a new position in KB Home in the third quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB acquired a new position in KB Home in the third quarter valued at approximately $59,000. Banque Cantonale Vaudoise acquired a new position in KB Home in the third quarter valued at approximately $61,000. Finally, Versant Capital Management Inc lifted its stake in KB Home by 275.7% in the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after buying an additional 557 shares during the period. 96.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on KBH shares. Barclays dropped their price target on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. UBS Group lowered their target price on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Seaport Res Ptn raised KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and lowered their target price for the stock from $70.00 to $67.00 in a research report on Friday, January 10th. Finally, Bank of America lowered their target price on KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research report on Monday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $76.21.

KB Home Trading Down 2.4 %

Shares of KB Home stock opened at $68.36 on Wednesday. The stock has a fifty day simple moving average of $71.45 and a 200 day simple moving average of $78.04. KB Home has a 12-month low of $58.15 and a 12-month high of $89.70. The company has a market capitalization of $5.01 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 0.93 and a beta of 1.86.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS. On average, analysts predict that KB Home will post 8.5 EPS for the current year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.46%. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

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.