Nomura Holdings Inc. Reduces Stock Position in KB Home (NYSE:KBH)

Nomura Holdings Inc. reduced its stake in shares of KB Home (NYSE:KBH - Free Report) by 74.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,241 shares of the construction company's stock after selling 31,938 shares during the quarter. Nomura Holdings Inc.'s holdings in KB Home were worth $739,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Occudo Quantitative Strategies LP bought a new position in shares of KB Home during the fourth quarter valued at approximately $301,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of KB Home by 0.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company's stock valued at $2,433,000 after buying an additional 206 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of KB Home by 3.2% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,440 shares of the construction company's stock valued at $1,080,000 after buying an additional 503 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of KB Home by 174.9% during the fourth quarter. Janus Henderson Group PLC now owns 191,988 shares of the construction company's stock valued at $12,620,000 after buying an additional 122,145 shares during the last quarter. Finally, Ethic Inc. grew its stake in shares of KB Home by 25.0% during the fourth quarter. Ethic Inc. now owns 18,042 shares of the construction company's stock valued at $1,186,000 after buying an additional 3,610 shares during the last quarter. Institutional investors own 96.09% of the company's stock.

Insider Buying and Selling

In related news, Director Arthur Reginald Collins sold 5,000 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $54.38, for a total transaction of $271,900.00. Following the transaction, the director now directly owns 10,262 shares in the company, valued at $558,047.56. The trade was a 32.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.89% of the stock is owned by company insiders.

KB Home Stock Up 0.1%

NYSE KBH traded up $0.03 during midday trading on Friday, hitting $51.26. 1,445,502 shares of the company traded hands, compared to its average volume of 1,298,890. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The company 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. The company's 50-day simple moving average is $54.69 and its 200-day simple moving average is $64.20. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70.

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

KB Home Announces Dividend

The firm also recently announced 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 of this dividend was Thursday, May 8th. This represents a $1.00 annualized dividend and a yield of 1.95%. KB Home's dividend payout ratio (DPR) is 12.20%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. The Goldman Sachs Group cut their target price on KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. UBS Group lowered their price target on KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Bank of America lowered their price target on KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Wedbush reiterated a "neutral" rating and issued a $75.00 price target on shares of KB Home in a report on Tuesday, March 25th. Finally, Barclays lowered their price target on KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $71.23.

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.