M&T Bank Corp Sells 1,484 Shares of KB Home (NYSE:KBH)

M&T Bank Corp lessened its position in shares of KB Home (NYSE:KBH) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,102 shares of the construction company’s stock after selling 1,484 shares during the quarter. M&T Bank Corp’s holdings in KB Home were worth $467,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Barclays PLC raised its stake in shares of KB Home by 24.5% during the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock worth $16,816,000 after acquiring an additional 38,638 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after acquiring an additional 164,010 shares in the last quarter. Neo Ivy Capital Management acquired a new position in KB Home during the 3rd quarter valued at approximately $956,000. Blue Trust Inc. increased its stake in KB Home by 35.9% during the 4th quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock valued at $113,000 after purchasing an additional 456 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in KB Home by 24.7% during the 3rd quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock valued at $3,320,000 after purchasing an additional 7,679 shares in the last quarter. Institutional investors own 96.09% of the company’s stock.

KB Home Stock Performance

Shares of NYSE KBH opened at $59.77 on Friday. The company’s fifty day moving average price is $64.71 and its 200 day moving average price is $74.14. KB Home has a 1 year low of $59.00 and a 1 year high of $89.70. The company has a market capitalization of $4.31 billion, a PE ratio of 7.06, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.08. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $1.85 earnings per share. On average, research analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.67%. The ex-dividend date was Thursday, February 6th. KB Home’s payout ratio is 11.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KBH. The Goldman Sachs Group cut their price target on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company cut their price target on shares of KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a research note on Monday. Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and cut their price target for the company from $70.00 to $67.00 in a research note on Friday, January 10th. Barclays cut their price objective on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, Seaport Res Ptn upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $75.21.

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.52% of the company’s stock.

KB Home 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.