Nomura Holdings Inc. Sells 31,938 Shares of KB Home (NYSE:KBH)

Nomura Holdings Inc. lowered its position in shares of KB Home (NYSE:KBH - Free Report) by 74.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Occudo Quantitative Strategies LP purchased a new position in KB Home during the 4th quarter valued at about $301,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 purchasing an additional 206 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its holdings 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 purchasing an additional 503 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of KB Home by 174.9% in the 4th quarter. Janus Henderson Group PLC now owns 191,988 shares of the construction company's stock worth $12,620,000 after purchasing an additional 122,145 shares in the last quarter. Finally, Ethic Inc. boosted its position in shares of KB Home by 25.0% in the 4th quarter. Ethic Inc. now owns 18,042 shares of the construction company's stock worth $1,186,000 after purchasing an additional 3,610 shares in the last quarter. Institutional investors own 96.09% of the company's stock.

Insider Transactions at KB Home

In other news, Director Arthur Reginald Collins sold 5,000 shares of KB Home stock in a transaction dated 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 of the company's stock, valued at $558,047.56. The trade was a 32.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.89% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KBH. The Goldman Sachs Group reduced their price objective on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Barclays lowered their price objective on KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. Seaport Res Ptn raised KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Wedbush reaffirmed a "neutral" rating and set a $75.00 price target on shares of KB Home in a report on Tuesday, March 25th. Finally, Royal Bank of Canada reduced their price objective on KB Home from $67.00 to $63.00 and set a "sector perform" 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, KB Home currently has an average rating of "Hold" and an average price target of $71.23.

KB Home Stock Performance

NYSE:KBH traded up $0.03 on Monday, hitting $51.26. The stock had a trading volume of 1,445,502 shares, compared to its average volume of 1,300,871. The business's 50-day simple moving average is $54.69 and its two-hundred day simple moving average is $63.98. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 0.90 and a beta of 1.45. 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.

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). The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. KB Home's revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the company earned $1.76 EPS. As a group, research analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, May 8th. KB Home's payout ratio is 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.