KB Home (NYSE:KBH) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of KB Home (NYSE:KBH) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,122 shares of the construction company’s stock after selling 2,524 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in KB Home were worth $1,257,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KBH. Fifth Third Bancorp lifted its stake in KB Home by 40.9% during the 3rd quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock worth $43,000 after acquiring an additional 270 shares in the last quarter. Whittier Trust Co. acquired a new position in KB Home during the 4th quarter worth about $62,000. CI Investments Inc. acquired a new position in KB Home during the 3rd quarter worth about $145,000. NBC Securities Inc. acquired a new position in KB Home during the 3rd quarter worth about $196,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in KB Home during the 3rd quarter worth about $218,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

KBH has been the topic of several research reports. Wells Fargo & Company increased their target price on KB Home from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. The Goldman Sachs Group increased their price target on KB Home from $61.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. increased their price target on KB Home from $68.50 to $70.50 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Wedbush increased their price target on KB Home from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, UBS Group increased their price target on KB Home from $82.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, KB Home has a consensus rating of “Hold” and an average target price of $66.11.

KB Home Stock Performance

KBH opened at $65.60 on Friday. KB Home has a one year low of $41.33 and a one year high of $72.00. The company has a market cap of $4.98 billion, a P/E ratio of 8.93, a PEG ratio of 0.73 and a beta of 1.73. The business’s 50-day simple moving average is $66.19 and its 200-day simple moving average is $59.23.

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

KB Home Increases Dividend

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

Insider Buying and Selling

In related news, CFO Jeff Kaminski sold 38,386 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,294,522.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Jeff Kaminski sold 38,386 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,294,522.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian J. Woram sold 83,272 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $60.53, for a total value of $5,040,454.16. Following the transaction, the executive vice president now owns 156,119 shares in the company, valued at approximately $9,449,883.07. The disclosure for this sale can be found here. Insiders have sold 172,629 shares of company stock worth $10,675,718 in the last quarter. 4.44% of the stock is owned by insiders.

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.