KB Home (NYSE:KBH) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in shares of KB Home (NYSE:KBH) by 27.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,621 shares of the construction company’s stock after selling 11,079 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in KB Home were worth $1,850,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in KBH. Fifth Third Bancorp grew 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 valued at $43,000 after purchasing an additional 270 shares during the last quarter. GAMMA Investing LLC purchased a new stake in KB Home in the fourth quarter valued at approximately $47,000. Daiwa Securities Group Inc. acquired a new position in KB Home in the 4th quarter worth approximately $56,000. Whittier Trust Co. purchased a new position in KB Home during the 4th quarter worth approximately $62,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in KB Home during the 4th quarter valued at approximately $130,000. 96.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 38,386 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the completion of the sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,294,522.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Albert Z. Praw sold 22,160 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $70.11, for a total value of $1,553,637.60. Following the completion of the sale, the executive vice president now owns 135,512 shares of the company’s stock, valued at $9,500,746.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jeff Kaminski sold 38,386 shares of the business’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 transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,294,522.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,460 shares of company stock worth $4,384,468. Corporate insiders own 4.44% of the company’s stock.

KB Home Stock Down 2.1 %

Shares of NYSE KBH opened at $69.78 on Thursday. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 0.80 and a beta of 1.74. The company’s 50-day simple moving average is $67.53 and its 200-day simple moving average is $62.52. KB Home has a 52-week low of $42.11 and a 52-week high of $74.65.

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

KB Home Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a $0.25 dividend. This is an increase from KB Home’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.43%. The ex-dividend date is Wednesday, May 8th. KB Home’s dividend payout ratio is currently 13.61%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KBH shares. Evercore ISI cut their price objective on shares of KB Home from $82.00 to $78.00 and set an “outperform” rating on the stock in a research note on Thursday, March 21st. Barclays increased 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. JPMorgan Chase & Co. boosted their price objective on KB Home from $68.50 to $70.50 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Wells Fargo & Company upped 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. Finally, UBS Group lifted 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.30.

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.