Aristotle Capital Boston LLC Sells 31,730 Shares of KB Home $KBH

Aristotle Capital Boston LLC decreased its position in shares of KB Home (NYSE:KBH) by 9.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 306,647 shares of the construction company’s stock after selling 31,730 shares during the quarter. Aristotle Capital Boston LLC owned approximately 0.49% of KB Home worth $17,298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in KBH. First Horizon Corp grew its stake in shares of KB Home by 178.9% during the 4th quarter. First Horizon Corp now owns 502 shares of the construction company’s stock worth $28,000 after acquiring an additional 322 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of KB Home by 73.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after acquiring an additional 250 shares during the period. Fulcrum Asset Management LLP bought a new position in shares of KB Home during the 3rd quarter worth $36,000. Aventura Private Wealth LLC bought a new position in shares of KB Home during the 4th quarter worth $46,000. Finally, Rothschild Investment LLC grew its stake in shares of KB Home by 391.0% during the 4th quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock worth $46,000 after acquiring an additional 653 shares during the period. Institutional investors own 96.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KBH shares. Seaport Research Partners reiterated a “sell” rating and set a $43.00 price target (down from $65.00) on shares of KB Home in a research note on Tuesday, April 7th. Barclays cut their target price on KB Home from $62.00 to $56.00 and set an “overweight” rating for the company in a research note on Wednesday, March 25th. Weiss Ratings downgraded KB Home from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded KB Home from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Finally, Truist Financial cut their target price on KB Home from $54.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $59.17.

KB Home Stock Down 2.6%

NYSE:KBH opened at $52.43 on Thursday. The business’s 50-day moving average price is $51.04 and its two-hundred day moving average price is $56.34. KB Home has a twelve month low of $44.03 and a twelve month high of $68.71. The stock has a market cap of $3.28 billion, a P/E ratio of 13.31, a PEG ratio of 9.51 and a beta of 1.37.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, March 24th. The construction company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. KB Home had a return on equity of 9.63% and a net margin of 5.96%.The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm posted $1.49 EPS. The company’s revenue was down 22.6% compared to the same quarter last year. On average, equities research analysts expect that KB Home will post 3.1 EPS for the current fiscal year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, May 7th. KB Home’s dividend payout ratio (DPR) is currently 25.38%.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.