BNP Paribas Financial Markets Cuts Stock Holdings in KB Home (NYSE:KBH)

BNP Paribas Financial Markets cut its stake in shares of KB Home (NYSE:KBH) by 62.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on KBH shares. Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Barclays reduced 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 report on Tuesday, March 25th. The Goldman Sachs Group decreased their target price on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. UBS Group dropped their price target on shares of KB Home from $97.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. Finally, Raymond James restated an “outperform” rating and set a $80.00 price objective (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Two research 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $71.23.

KB Home Stock Performance

KBH stock opened at $53.91 on Tuesday. The stock’s 50 day simple moving average is $55.37 and its 200 day simple moving average is $64.78. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70. The firm has a market cap of $3.87 billion, a P/E ratio of 6.36, a P/E/G ratio of 0.90 and a beta of 1.45. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH) last released its earnings results 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 net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm earned $1.76 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, equities research analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, May 8th. This represents a $1.00 annualized dividend and a yield of 1.85%. KB Home’s dividend payout ratio (DPR) is 12.20%.

Insider Buying and Selling

In related news, Director Arthur Reginald Collins sold 5,000 shares of the company’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 completion of the transaction, the director now directly owns 10,262 shares in the company, valued at $558,047.56. This represents a 32.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.89% of the stock is owned by company insiders.

KB Home 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.