Natixis Advisors LLC Sells 2,637 Shares of KB Home (NYSE:KBH)

Natixis Advisors LLC lowered its position in KB Home (NYSE:KBH) by 8.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,231 shares of the construction company’s stock after selling 2,637 shares during the period. Natixis Advisors LLC’s holdings in KB Home were worth $1,790,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its position in shares of KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after purchasing an additional 214 shares during the last quarter. Principal Securities Inc. increased its holdings in KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after buying an additional 179 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in KB Home in the third quarter worth approximately $59,000. Versant Capital Management Inc boosted its stake in shares of KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after acquiring an additional 557 shares during the last quarter. Finally, Amundi grew its position in shares of KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after acquiring an additional 201 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Stock Performance

NYSE:KBH opened at $61.78 on Tuesday. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 0.90 and a beta of 1.89. KB Home has a 1 year low of $58.80 and a 1 year high of $89.70. The stock’s 50 day simple moving average is $64.17 and its two-hundred day simple moving average is $72.95. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83.

KB Home (NYSE:KBH) last announced its quarterly 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 return on equity of 16.46% and a net margin of 9.45%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm posted $1.76 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, equities analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s payout ratio is 11.81%.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

KBH has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Evercore ISI increased their target price on shares of KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lowered their price target on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a report on Friday, January 17th. Raymond James reiterated an “outperform” rating and issued a $80.00 price target (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Finally, Bank of America decreased their price objective on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $75.21.

KB Home Company 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.