KB Home Target of Unusually Large Options Trading (NYSE:KBH)

KB Home (NYSE:KBH) was the recipient of unusually large options trading on Tuesday. Traders purchased 2,522 put options on the stock. This is an increase of approximately 29% compared to the average daily volume of 1,961 put options.

KB Home Trading Down 5.2 %

Shares of KB Home stock opened at $58.56 on Wednesday. KB Home has a 1-year low of $56.41 and a 1-year high of $89.70. The company’s fifty day simple moving average is $63.99 and its 200-day simple moving average is $72.81. 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 stock has a market capitalization of $4.18 billion, a PE ratio of 6.91, a P/E/G ratio of 0.90 and a beta of 1.89.

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). The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. KB Home’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 earnings per share. As a group, equities analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s dividend payout ratio is 11.81%.

Wall Street Analysts Forecast Growth

KBH has been the subject of a number of recent analyst reports. Seaport Res Ptn upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Evercore ISI boosted their price target on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Raymond James reaffirmed an “outperform” rating and set a $80.00 price objective (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Wedbush restated a “neutral” rating and set a $75.00 target price on shares of KB Home in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price target on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $72.13.

Insider Transactions at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.89% of the stock is owned by insiders.

Institutional Investors Weigh In On KB Home

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Xponance Inc. raised its position in shares of KB Home by 1.7% during the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock valued at $645,000 after purchasing an additional 163 shares during the period. Principal Securities Inc. increased its stake in KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after buying an additional 179 shares in the last quarter. Blue Trust Inc. raised its holdings in KB Home by 15.3% during the fourth quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock valued at $96,000 after acquiring an additional 194 shares during the period. Amundi lifted its position in shares of 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 acquiring an additional 201 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of KB Home by 0.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company’s stock worth $2,433,000 after acquiring an additional 206 shares during the period. Institutional investors own 96.09% of the company’s stock.

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.