KB Home (NYSE:KBH) CFO Jeff Kaminski Sells 27,500 Shares

KB Home (NYSE:KBH) CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $79.40, for a total value of $2,183,500.00. Following the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at approximately $2,737,156.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

KB Home Price Performance

Shares of KB Home stock opened at $84.31 on Thursday. KB Home has a 1 year low of $42.11 and a 1 year high of $89.70. The firm’s 50-day moving average is $82.69 and its 200 day moving average is $74.87. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 0.69 and a beta of 1.81.

KB Home (NYSE:KBH) last issued its earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.02). KB Home had a return on equity of 15.69% and a net margin of 9.31%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the company posted $1.80 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities analysts expect that KB Home will post 8.41 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 14th. KB Home’s payout ratio is 13.23%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. increased its holdings in KB Home by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock worth $118,244,000 after buying an additional 147,326 shares in the last quarter. LSV Asset Management grew its stake in shares of KB Home by 118.4% in the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock worth $74,138,000 after acquiring an additional 572,800 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of KB Home by 2.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 898,587 shares of the construction company’s stock valued at $63,692,000 after purchasing an additional 18,981 shares during the last quarter. Bank of New York Mellon Corp lifted its position in KB Home by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 872,761 shares of the construction company’s stock valued at $61,250,000 after purchasing an additional 3,993 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in KB Home by 10.8% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 695,966 shares of the construction company’s stock worth $48,843,000 after purchasing an additional 67,628 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on KBH shares. Barclays boosted their price objective on shares of KB Home from $78.00 to $99.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Evercore ISI increased their price target on shares of KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Royal Bank of Canada lowered shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective for the company. in a report on Thursday, September 5th. Bank of America upped their target price on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Finally, The Goldman Sachs Group lifted their price target on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $77.50.

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.