KB Home (KBH) Stake Decreased by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC reduced its position in KB Home (NYSE:KBH) by 8.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 207,163 shares of the construction company’s stock after selling 18,004 shares during the period. TIAA CREF Investment Management LLC owned 0.24% of KB Home worth $6,619,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KBH. Teachers Advisors LLC raised its position in shares of KB Home by 1.1% in the 4th quarter. Teachers Advisors LLC now owns 156,448 shares of the construction company’s stock valued at $4,999,000 after purchasing an additional 1,676 shares during the last quarter. SignalPoint Asset Management LLC raised its position in shares of KB Home by 6.3% in the 4th quarter. SignalPoint Asset Management LLC now owns 30,886 shares of the construction company’s stock valued at $987,000 after purchasing an additional 1,835 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of KB Home by 83.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock valued at $137,000 after purchasing an additional 1,947 shares during the last quarter. ING Groep NV raised its position in shares of KB Home by 24.4% in the 4th quarter. ING Groep NV now owns 12,701 shares of the construction company’s stock valued at $406,000 after purchasing an additional 2,495 shares during the last quarter. Finally, Lisanti Capital Growth LLC raised its position in shares of KB Home by 4.4% in the 4th quarter. Lisanti Capital Growth LLC now owns 64,749 shares of the construction company’s stock valued at $2,069,000 after purchasing an additional 2,750 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

How to Become a New Pot Stock Millionaire

NYSE:KBH opened at $28.45 on Friday. The company has a market cap of $2,475.32, a PE ratio of 15.38, a PEG ratio of 0.63 and a beta of 1.43. KB Home has a 1-year low of $19.80 and a 1-year high of $38.80.

KB Home (NYSE:KBH) last posted its earnings results on Thursday, March 22nd. The construction company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.11. The firm had revenue of $871.60 million during the quarter, compared to analyst estimates of $878.77 million. KB Home had a net margin of 2.15% and a return on equity of 11.16%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS. sell-side analysts anticipate that KB Home will post 2.83 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 17th. Stockholders of record on Thursday, May 3rd will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Wednesday, May 2nd. KB Home’s dividend payout ratio (DPR) is 5.41%.

Several equities analysts recently commented on the stock. Deutsche Bank decreased their price objective on shares of KB Home from $36.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, April 9th. UBS raised shares of KB Home from a “sell” rating to a “neutral” rating in a research report on Tuesday, March 27th. Credit Suisse Group reissued a “neutral” rating and set a $31.00 price target (up from $25.00) on shares of KB Home in a research report on Thursday, January 11th. Wedbush reduced their price target on shares of KB Home from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, March 23rd. Finally, ValuEngine lowered shares of KB Home from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $30.25.

In other news, CFO Jeff Kaminski sold 125,000 shares of KB Home stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $32.53, for a total transaction of $4,066,250.00. Following the completion of the transaction, the chief financial officer now directly owns 237,775 shares of the company’s stock, valued at approximately $7,734,820.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Thomas F. Norton sold 47,179 shares of KB Home stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $30.32, for a total transaction of $1,430,467.28. Following the transaction, the senior vice president now directly owns 103,562 shares of the company’s stock, valued at $3,139,999.84. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.

TRADEMARK VIOLATION WARNING: “KB Home (KBH) Stake Decreased by TIAA CREF Investment Management LLC” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2018/04/15/kb-home-kbh-stake-decreased-by-tiaa-cref-investment-management-llc.html.

KB Home Profile

KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

Want to see what other hedge funds are holding KBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Home (NYSE:KBH).

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

Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply