MetLife Investment Management LLC Purchases 3,147 Shares of KB Home (NYSE:KBH)

MetLife Investment Management LLC increased its position in KB Home (NYSE:KBH) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 77,484 shares of the construction company’s stock after buying an additional 3,147 shares during the period. MetLife Investment Management LLC’s holdings in KB Home were worth $5,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. First Trust Advisors LP increased its stake in shares of KB Home by 61.2% in the fourth quarter. First Trust Advisors LP now owns 1,327,809 shares of the construction company’s stock worth $87,264,000 after purchasing an additional 503,895 shares during the period. Forum Financial Management LP grew its holdings in KB Home by 19.9% in the 4th quarter. Forum Financial Management LP now owns 3,197 shares of the construction company’s stock valued at $210,000 after buying an additional 531 shares during the last quarter. GeoWealth Management LLC increased its position in KB Home by 19.7% in the 4th quarter. GeoWealth Management LLC now owns 8,171 shares of the construction company’s stock worth $537,000 after buying an additional 1,343 shares during the period. Alpha DNA Investment Management LLC lifted its holdings in shares of KB Home by 7.6% during the fourth quarter. Alpha DNA Investment Management LLC now owns 5,423 shares of the construction company’s stock worth $356,000 after buying an additional 385 shares during the last quarter. Finally, Farringdon Capital Ltd. bought a new stake in shares of KB Home in the fourth quarter valued at approximately $572,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

Insider Transactions at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.89% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Bank of America dropped their target price on shares of KB Home from $67.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods dropped their price objective 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. 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. StockNews.com lowered KB Home from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Finally, Evercore ISI raised their price objective on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, KB Home currently has a consensus rating of “Hold” and a consensus price target of $71.04.

KB Home Stock Performance

KB Home stock opened at $53.46 on Thursday. The firm has a market capitalization of $3.83 billion, a P/E ratio of 6.31, a P/E/G ratio of 0.90 and a beta of 1.65. The stock has a fifty day moving average price of $58.27 and a two-hundred day moving average price of $68.22. KB Home has a 52-week low of $48.90 and a 52-week high of $89.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83.

KB Home (NYSE:KBH) last announced its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.07). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business earned $1.76 EPS. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, May 8th. KB Home’s dividend payout ratio (DPR) is currently 12.20%.

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.