BNP Paribas Financial Markets Has $1.35 Million Holdings in KB Home (NYSE:KBH)

BNP Paribas Financial Markets trimmed its holdings in KB Home (NYSE:KBH - Free Report) by 62.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,540 shares of the construction company's stock after selling 34,454 shares during the period. BNP Paribas Financial Markets' holdings in KB Home were worth $1,350,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in KB Home by 65.6% during the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock valued at $36,000 after purchasing an additional 214 shares in the last quarter. Principal Securities Inc. raised its position in KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after purchasing an additional 179 shares in the last quarter. Amundi raised its position in KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company's stock valued at $58,000 after purchasing an additional 201 shares in the last quarter. Headlands Technologies LLC raised its position in KB Home by 1,409.1% during the fourth quarter. Headlands Technologies LLC now owns 996 shares of the construction company's stock valued at $65,000 after purchasing an additional 930 shares in the last quarter. Finally, Quarry LP raised its position in KB Home by 4,540.9% during the fourth quarter. Quarry LP now owns 1,021 shares of the construction company's stock valued at $67,000 after purchasing an additional 999 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at KB Home

In other news, Director Arthur Reginald Collins sold 5,000 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $54.38, for a total transaction of $271,900.00. Following the transaction, the director now owns 10,262 shares in the company, valued at approximately $558,047.56. This represents a 32.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.89% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wedbush restated a "neutral" rating and set a $75.00 price objective on shares of KB Home in a research report on Tuesday, March 25th. Bank of America lowered their price objective on shares of KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. The Goldman Sachs Group lowered their price objective on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Seaport Res Ptn upgraded shares of KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Barclays decreased their target price on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $71.23.

KB Home Price Performance

Shares of NYSE KBH traded up $0.03 during midday trading on Friday, reaching $51.26. 1,445,502 shares of the company were exchanged, compared to its average volume of 1,298,890. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. KB Home has a one year low of $48.90 and a one year high of $89.70. The stock has a market cap of $3.68 billion, a P/E ratio of 6.05, a PEG ratio of 0.90 and a beta of 1.45. The stock's 50-day moving average price is $54.69 and its 200-day moving average price is $64.20.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the firm earned $1.76 EPS. The business's revenue for the quarter was down 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.95%. KB Home's dividend payout ratio (DPR) is currently 12.20%.

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.