KB Home (NYSE:KBH) Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA trimmed its position in KB Home (NYSE:KBH) by 16.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,809 shares of the construction company’s stock after selling 922 shares during the period. CHICAGO TRUST Co NA’s holdings in KB Home were worth $279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KBH. Jones Financial Companies Lllp lifted its holdings in KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after buying an additional 214 shares during the last quarter. Principal Securities Inc. raised its position in shares of KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after acquiring an additional 179 shares in the last quarter. Amundi raised its position in shares of KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after acquiring an additional 201 shares in the last quarter. UMB Bank n.a. lifted its stake in KB Home by 1,256.9% during the first quarter. UMB Bank n.a. now owns 977 shares of the construction company’s stock worth $57,000 after purchasing an additional 905 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in KB Home by 1,409.1% during the fourth quarter. Headlands Technologies LLC now owns 996 shares of the construction company’s stock worth $65,000 after purchasing an additional 930 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

Insider Activity at KB Home

In related news, Director Arthur Reginald Collins sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $54.38, for a total transaction of $271,900.00. Following the sale, the director now owns 10,262 shares of the company’s stock, valued at $558,047.56. The trade was a 32.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their target price on shares of KB Home from $76.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, March 26th. Wedbush reiterated a “neutral” rating and set a $75.00 price objective on shares of KB Home in a research note on Tuesday, March 25th. UBS Group cut their target price on shares of KB Home from $97.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Wells Fargo & Company decreased their target price on KB Home from $55.00 to $53.00 and set an “underweight” rating for the company in a research note on Tuesday, June 3rd. Finally, Royal Bank of Canada lowered their target price on KB Home from $67.00 to $63.00 and set a “sector perform” rating for the company in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $71.05.

KB Home Stock Performance

Shares of NYSE KBH opened at $52.93 on Tuesday. 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 stock has a 50 day simple moving average of $53.05 and a 200-day simple moving average of $61.90. The company has a market cap of $3.80 billion, a PE ratio of 6.25, a P/E/G ratio of 0.90 and a beta of 1.35. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70.

KB Home (NYSE:KBH) last announced its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm earned $1.76 EPS. The firm’s revenue was down 5.2% on a year-over-year basis. On average, equities research analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, May 8th. KB Home’s dividend payout ratio is currently 12.20%.

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.