KB Home (NYSE:KBH) Shares Sold by Leuthold Group LLC

Leuthold Group LLC lowered its stake in KB Home (NYSE:KBH) by 0.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,159 shares of the construction company’s stock after selling 473 shares during the quarter. Leuthold Group LLC owned approximately 0.08% of KB Home worth $4,548,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. Manchester Capital Management LLC lifted its position in shares of KB Home by 134.4% during the first quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock worth $81,000 after purchasing an additional 652 shares during the last quarter. GSA Capital Partners LLP acquired a new position in KB Home in the first quarter worth approximately $520,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in KB Home in the 1st quarter worth approximately $700,000. Daiwa Securities Group Inc. boosted its stake in KB Home by 600.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 6,300 shares of the construction company’s stock worth $447,000 after purchasing an additional 5,400 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of KB Home by 0.3% during the 1st quarter. Nordea Investment Management AB now owns 168,790 shares of the construction company’s stock valued at $12,043,000 after buying an additional 438 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of KB Home from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. lifted their target price on shares of KB Home from $68.50 to $70.50 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. The Goldman Sachs Group lifted their target price on shares of KB Home from $61.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, March 22nd. Royal Bank of Canada boosted their price objective on shares of KB Home from $69.00 to $70.00 and gave the stock a “sector perform” rating in a report on Thursday, June 20th. Finally, StockNews.com downgraded shares of KB Home from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $71.63.

Insiders Place Their Bets

In other KB Home news, EVP Albert Z. Praw sold 22,160 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $70.11, for a total value of $1,553,637.60. Following the sale, the executive vice president now directly owns 135,512 shares in the company, valued at $9,500,746.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Thomas W. Gilligan sold 3,914 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $70.48, for a total value of $275,858.72. Following the completion of the transaction, the director now owns 48,217 shares of the company’s stock, valued at $3,398,334.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Albert Z. Praw sold 22,160 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the completion of the transaction, the executive vice president now directly owns 135,512 shares of the company’s stock, valued at approximately $9,500,746.32. The disclosure for this sale can be found here. Company insiders own 4.44% of the company’s stock.

KB Home Trading Up 4.0 %

Shares of KBH traded up $2.92 on Friday, reaching $76.71. 1,965,890 shares of the company’s stock were exchanged, compared to its average volume of 1,244,559. The stock has a market capitalization of $5.77 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 0.68 and a beta of 1.80. The business has a 50 day moving average price of $69.50 and a two-hundred day moving average price of $65.93. KB Home has a 12 month low of $42.11 and a 12 month high of $78.19.

KB Home Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were issued a $0.25 dividend. The ex-dividend date was Wednesday, May 8th. This is a positive change from KB Home’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.30%. KB Home’s dividend payout ratio (DPR) is 13.23%.

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.