BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases Shares of 827 KB Home $KBH

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of KB Home (NYSE:KBH) in the 2nd quarter, HoldingsChannel reports. The fund purchased 827 shares of the construction company’s stock, valued at approximately $44,000.

Other hedge funds have also modified their holdings of the company. Sachetta LLC lifted its position in shares of KB Home by 3,142.9% during the first quarter. Sachetta LLC now owns 681 shares of the construction company’s stock valued at $40,000 after buying an additional 660 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of KB Home in the 1st quarter valued at approximately $40,000. Manchester Capital Management LLC raised its position in shares of KB Home by 30.1% in the 1st quarter. Manchester Capital Management LLC now owns 955 shares of the construction company’s stock valued at $56,000 after purchasing an additional 221 shares during the last quarter. Reyes Financial Architecture Inc. raised its position in shares of KB Home by 35.6% in the 1st quarter. Reyes Financial Architecture Inc. now owns 990 shares of the construction company’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. Finally, AlphaQuest LLC purchased a new position in shares of KB Home in the 1st quarter valued at approximately $60,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of KB Home from $63.00 to $53.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. UBS Group reaffirmed a “buy” rating and issued a $83.00 price objective on shares of KB Home in a research report on Thursday, September 25th. Royal Bank Of Canada increased their price objective on shares of KB Home from $58.00 to $59.00 and gave the company a “sector perform” rating in a research report on Thursday, September 25th. Bank of America cut their price target on shares of KB Home from $67.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Finally, Zacks Research upgraded shares of KB Home from a “strong sell” rating to a “hold” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, KB Home presently has a consensus rating of “Hold” and a consensus price target of $64.36.

KB Home Trading Down 0.7%

Shares of NYSE:KBH opened at $60.46 on Thursday. KB Home has a twelve month low of $48.90 and a twelve month high of $85.66. The company’s 50 day moving average is $63.20 and its 200 day moving average is $58.05. The company has a market cap of $3.92 billion, a PE ratio of 8.01, a price-to-earnings-growth ratio of 5.17 and a beta of 1.36.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Wednesday, September 24th. The construction company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.11. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.59 billion. KB Home had a net margin of 7.92% and a return on equity of 12.91%. KB Home’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.04 EPS. Equities research analysts predict that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. KB Home’s dividend payout ratio (DPR) is presently 13.25%.

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.