Virtu Financial LLC Sells 4,707 Shares of KB Home (NYSE:KBH)

Virtu Financial LLC lowered its position in KB Home (NYSE:KBH) by 32.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,975 shares of the construction company’s stock after selling 4,707 shares during the period. Virtu Financial LLC’s holdings in KB Home were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in KBH. Planned Solutions Inc. bought a new stake in shares of KB Home in the 4th quarter worth approximately $47,000. Perigon Wealth Management LLC bought a new stake in shares of KB Home in the 4th quarter worth approximately $74,000. CI Investments Inc. bought a new stake in shares of KB Home in the 4th quarter worth approximately $85,000. S. R. Schill & Associates bought a new stake in shares of KB Home in the 3rd quarter worth approximately $208,000. Finally, Neo Ivy Capital Management lifted its position in shares of KB Home by 119.2% in the 3rd quarter. Neo Ivy Capital Management now owns 6,006 shares of the construction company’s stock worth $230,000 after acquiring an additional 3,266 shares during the period. Institutional investors own 86.82% of the company’s stock.

KBH stock opened at $48.48 on Thursday. The business has a fifty day moving average price of $43.78 and a 200 day moving average price of $38.78. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 0.59 and a beta of 1.90. KB Home has a fifty-two week low of $19.15 and a fifty-two week high of $49.65. The company has a debt-to-equity ratio of 0.66, a current ratio of 5.16 and a quick ratio of 0.38.

KB Home (NYSE:KBH) last released its earnings results on Tuesday, March 23rd. The construction company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.10. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.20 billion. KB Home had a return on equity of 11.66% and a net margin of 7.08%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the firm earned $0.63 EPS. On average, equities analysts expect that KB Home will post 4.69 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 18th. Stockholders of record on Thursday, February 4th were paid a $0.15 dividend. The ex-dividend date was Wednesday, February 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.24%. KB Home’s dividend payout ratio (DPR) is currently 19.17%.

In other news, CAO William R. Hollinger sold 50,000 shares of KB Home stock in a transaction on Friday, February 12th. The stock was sold at an average price of $44.05, for a total value of $2,202,500.00. Following the completion of the sale, the chief accounting officer now directly owns 113,984 shares of the company’s stock, valued at approximately $5,020,995.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO William R. Hollinger sold 82,651 shares of KB Home stock in a transaction on Wednesday, January 27th. The shares were sold at an average price of $42.46, for a total value of $3,509,361.46. Following the completion of the sale, the chief accounting officer now directly owns 213,984 shares of the company’s stock, valued at $9,085,760.64. The disclosure for this sale can be found here. Insiders sold a total of 233,756 shares of company stock valued at $10,221,364 over the last three months. Insiders own 5.36% of the company’s stock.

Several research firms recently commented on KBH. Wedbush upgraded KB Home from a “neutral” rating to an “outperform” rating and set a $44.00 target price for the company in a research report on Wednesday, January 13th. Raymond James raised their target price on KB Home from $48.00 to $55.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 1st. Barclays raised their target price on KB Home from $47.00 to $56.00 and gave the stock an “overweight” rating in a research report on Thursday, March 25th. They noted that the move was a valuation call. Seaport Global Securities downgraded KB Home from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 9th. Finally, Credit Suisse Group raised their target price on KB Home from $50.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, February 11th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $44.35.

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.

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Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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