Stock Traders Buy High Volume of KB Home Put Options (NYSE:KBH)

KB Home (NYSE:KBH - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Investors acquired 2,522 put options on the company. This is an increase of 29% compared to the typical volume of 1,961 put options.

Analysts Set New Price Targets

KBH has been the subject of several research reports. Barclays decreased their price target on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday. Royal Bank of Canada reduced 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. Bank of America lowered their target price on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday. The Goldman Sachs Group reduced their price target on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, 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 report on Tuesday, January 14th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, KB Home presently has a consensus rating of "Hold" and a consensus price target of $71.21.

KB Home Stock Performance

Shares of NYSE KBH traded down $1.42 during mid-day trading on Friday, reaching $57.79. 1,201,420 shares of the company were exchanged, compared to its average volume of 1,270,781. The stock has a market capitalization of $4.13 billion, a P/E ratio of 6.82, a P/E/G ratio of 0.90 and a beta of 1.89. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The company's 50-day simple moving average is $63.43 and its 200-day simple moving average is $72.46. KB Home has a twelve month low of $56.41 and a twelve month high of $89.70.

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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 (EPS) 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 company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business earned $1.76 earnings per share. The company's revenue was down 5.2% on a year-over-year basis. As a group, research analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.73%. KB Home's dividend payout ratio (DPR) is presently 12.20%.

Insider Buying and Selling

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the sale, the chief financial officer now owns 34,473 shares of the company's stock, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.89% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Xponance Inc. grew its stake in shares of KB Home by 1.7% in the fourth quarter. Xponance Inc. now owns 9,815 shares of the construction company's stock valued at $645,000 after acquiring an additional 163 shares in the last quarter. Principal Securities Inc. lifted its position in shares of KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after acquiring an additional 179 shares during the period. Blue Trust Inc. grew its holdings in shares of KB Home by 15.3% during the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company's stock worth $96,000 after purchasing an additional 194 shares in the last quarter. Amundi increased 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 worth $58,000 after purchasing an additional 201 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 valued at $2,433,000 after purchasing an additional 206 shares in the last quarter. Institutional investors own 96.09% of the company's stock.

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.