Boston Common Asset Management LLC Sells 16,218 Shares of KB Home (NYSE:KBH)

Boston Common Asset Management LLC decreased its stake in KB Home (NYSE:KBH) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,175 shares of the construction company’s stock after selling 16,218 shares during the period. Boston Common Asset Management LLC owned 0.26% of KB Home worth $12,301,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Barclays PLC lifted its stake in KB Home by 24.5% in the third quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock valued at $16,816,000 after acquiring an additional 38,638 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of KB Home by 22.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock valued at $77,655,000 after purchasing an additional 164,010 shares during the period. Neo Ivy Capital Management acquired a new stake in KB Home in the 3rd quarter valued at about $956,000. Cerity Partners LLC grew its holdings in KB Home by 24.7% during the third quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock worth $3,320,000 after purchasing an additional 7,679 shares during the period. Finally, Citigroup Inc. grew its holdings in KB Home by 62.1% during the third quarter. Citigroup Inc. now owns 107,051 shares of the construction company’s stock worth $9,173,000 after purchasing an additional 40,992 shares during the period. Institutional investors own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

KBH has been the subject of a number of recent analyst reports. Seaport Res Ptn raised KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Wedbush lifted their price objective on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Bank of America dropped their price objective on shares of KB Home from $80.00 to $76.00 and set a “neutral” rating on the stock in a research report on Tuesday. UBS Group reduced their target price on shares of KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, KB Home currently has a consensus rating of “Hold” and an average target price of $75.79.

KB Home Price Performance

KBH stock traded down $0.05 during trading on Friday, reaching $68.20. 88,613 shares of the company were exchanged, compared to its average volume of 1,793,439. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 0.54 and a beta of 1.86. The company has a 50-day moving average of $73.08 and a two-hundred day moving average of $77.86. KB Home has a twelve month low of $58.05 and a twelve month high of $89.70.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.08. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.85 earnings per share. On average, analysts forecast that KB Home will post 8.42 EPS for the current year.

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.