Pictet Asset Management Holding SA Sells 62,433 Shares of KB Home (NYSE:KBH)

Pictet Asset Management Holding SA trimmed its position in shares of KB Home (NYSE:KBH - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,076 shares of the construction company's stock after selling 62,433 shares during the period. Pictet Asset Management Holding SA owned about 0.48% of KB Home worth $22,744,000 as of its most recent filing with the Securities and Exchange Commission.

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

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KB Home Price Performance

NYSE KBH traded up $2.00 on Friday, reaching $57.61. The company's stock had a trading volume of 1,784,974 shares, compared to its average volume of 1,287,460. KB Home has a 52 week low of $54.02 and a 52 week 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. The firm has a market cap of $4.12 billion, a PE ratio of 6.80, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. The business has a 50-day moving average price of $62.45 and a 200 day moving average price of $71.48.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings data 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 net margin of 9.45% and a return on equity of 16.46%. The company 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 company posted $1.76 earnings per share. The company's revenue for the quarter was down 5.2% on a year-over-year basis. Sell-side analysts expect that KB Home will post 8.42 EPS 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home's dividend payout ratio is currently 12.20%.

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 stock was 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 of the company's stock, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.89% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on KBH. Wells Fargo & Company reduced their price objective on shares of KB Home from $63.00 to $57.00 and set an "underweight" rating for the company in a research note on Tuesday, March 25th. Seaport Res Ptn raised KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. UBS Group reduced their target price on KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. 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 research report on Wednesday, January 15th. Finally, Raymond James reaffirmed an "outperform" rating and set a $80.00 price objective (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Three research 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.