BNP Paribas Financial Markets Lowers Stake in KB Home (NYSE:KBH)

BNP Paribas Financial Markets reduced its holdings in shares of KB Home (NYSE:KBH - Free Report) by 62.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in shares of KB Home in the fourth quarter worth approximately $49,638,000. First Trust Advisors LP boosted its holdings in KB Home by 61.2% in the 4th quarter. First Trust Advisors LP now owns 1,327,809 shares of the construction company's stock worth $87,264,000 after buying an additional 503,895 shares during the period. Raymond James Financial Inc. bought a new position in KB Home in the 4th quarter worth $12,288,000. Quantbot Technologies LP increased its stake in KB Home by 4,083.5% in the 4th quarter. Quantbot Technologies LP now owns 146,422 shares of the construction company's stock worth $9,623,000 after buying an additional 142,922 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in KB Home by 24.4% during the fourth quarter. JPMorgan Chase & Co. now owns 727,809 shares of the construction company's stock valued at $47,832,000 after acquiring an additional 142,913 shares during the period. 96.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KBH has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut their target price on KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a research report on Wednesday, March 26th. The Goldman Sachs Group cut their price objective on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a 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. Barclays reduced their price target on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. Finally, Bank of America decreased their price target on shares of KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, KB Home has a consensus rating of "Hold" and a consensus price target of $71.23.

Insider Activity at KB Home

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $54.38, for a total value of $271,900.00. Following the sale, the director now owns 10,262 shares in the company, valued at $558,047.56. This trade represents a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.89% of the stock is currently owned by insiders.

KB Home Trading Up 0.1%

NYSE KBH traded up $0.03 during trading hours on Friday, hitting $51.26. 1,445,502 shares of the company were exchanged, compared to its average volume of 1,300,871. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $54.69 and a 200 day moving average price of $63.98. The stock has a market cap of $3.68 billion, a PE ratio of 6.05, a price-to-earnings-growth ratio of 0.90 and a beta of 1.45.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly 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 company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the business earned $1.76 earnings per share. The firm's quarterly revenue was down 5.2% compared to the same quarter last year. Analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were paid 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 dividend yield of 1.95%. KB Home's dividend payout ratio is presently 12.20%.

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.