KB Home $KBH Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its position in shares of KB Home (NYSE:KBH) by 10.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 115,447 shares of the construction company’s stock after selling 13,646 shares during the quarter. BNP Paribas Financial Markets’ holdings in KB Home were worth $6,512,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Corp grew its stake in KB Home by 178.9% during the 4th quarter. First Horizon Corp now owns 502 shares of the construction company’s stock worth $28,000 after buying an additional 322 shares during the last quarter. Fulcrum Asset Management LLP purchased a new position in KB Home during the 3rd quarter worth approximately $36,000. Aventura Private Wealth LLC purchased a new position in KB Home during the 4th quarter worth approximately $46,000. Rothschild Investment LLC grew its stake in KB Home by 391.0% during the 4th quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock worth $46,000 after buying an additional 653 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in KB Home by 44.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock worth $49,000 after buying an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

KBH has been the topic of a number of research reports. Truist Financial dropped their price target on KB Home from $54.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. Royal Bank Of Canada lowered their target price on KB Home from $54.00 to $53.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 25th. Citizens Jmp assumed coverage on KB Home in a research note on Tuesday, March 24th. They issued an “outperform” rating and a $77.00 target price on the stock. Seaport Research Partners reiterated a “sell” rating and issued a $43.00 target price (down from $65.00) on shares of KB Home in a research note on Tuesday, April 7th. Finally, Wall Street Zen downgraded KB Home from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, KB Home has an average rating of “Hold” and a consensus price target of $59.17.

KB Home Price Performance

Shares of NYSE:KBH opened at $53.54 on Wednesday. The business’s 50 day simple moving average is $50.77 and its 200-day simple moving average is $56.73. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 9.08 and a beta of 1.37. KB Home has a 12 month low of $44.03 and a 12 month high of $68.71.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, March 24th. The construction company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. KB Home had a return on equity of 9.63% and a net margin of 5.96%.KB Home’s revenue was down 22.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.49 earnings per share. On average, equities analysts anticipate that KB Home will post 3.1 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.00 annualized dividend and a yield of 1.9%. KB Home’s payout ratio is currently 25.38%.

About KB Home

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.