Caisse Des Depots ET Consignations Makes New $2.48 Million Investment in KB Home (NYSE:KBH)

Caisse Des Depots ET Consignations purchased a new stake in KB Home (NYSE:KBH - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 37,791 shares of the construction company's stock, valued at approximately $2,484,000. Caisse Des Depots ET Consignations owned 0.05% of KB Home as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of KBH. Xponance Inc. boosted its stake in 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. grew 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 worth $39,000 after buying an additional 179 shares in the last quarter. Blue Trust Inc. grew its holdings in KB Home by 15.3% in the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company's stock worth $96,000 after buying an additional 194 shares in the last quarter. Amundi raised 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 worth $58,000 after buying an additional 201 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in KB Home by 65.6% during the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock worth $36,000 after purchasing an additional 214 shares in the last quarter. Institutional investors own 96.09% of the company's stock.

KB Home Stock Up 0.3 %

NYSE KBH traded up $0.17 during trading on Tuesday, hitting $58.29. 283,591 shares of the company traded hands, compared to its average volume of 1,510,493. The company has a market capitalization of $4.16 billion, a P/E ratio of 6.88, a PEG ratio of 0.90 and a beta of 1.89. The business has a fifty day simple moving average of $63.23 and a 200 day simple moving average of $72.19. KB Home has a 12 month low of $56.41 and a 12 month high of $89.70. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42.

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KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm's revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 earnings per share. As a group, sell-side analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Thursday, February 6th. KB Home's payout ratio is 12.20%.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value 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. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.89% of the stock is owned by corporate insiders.

Analyst Ratings Changes

KBH has been the subject of a number of recent analyst reports. Wedbush reiterated a "neutral" rating and issued a $75.00 price target on shares of KB Home in a research report on Tuesday, March 25th. Evercore ISI lifted their target price on shares of KB Home from $88.00 to $95.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. StockNews.com lowered shares of KB Home from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Royal Bank of Canada decreased their price objective on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a research note on Tuesday, March 25th. Finally, Raymond James reissued an "outperform" rating and set a $80.00 target price (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $71.21.

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.