KB Home (NYSE:KBH) CFO Sells $1,891,175.00 in Stock

KB Home (NYSE:KBH) CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

KB Home Stock Up 2.5 %

KBH traded up $1.68 during trading on Thursday, reaching $68.80. 907,247 shares of the company were exchanged, compared to its average volume of 1,627,802. KB Home has a 12-month low of $58.15 and a 12-month high of $89.70. The company’s 50-day moving average is $71.05 and its two-hundred day moving average is $77.91. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 8.12, a P/E/G ratio of 0.93 and a beta of 1.86.

KB Home (NYSE:KBH) last posted its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.08. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 EPS. Equities analysts forecast that KB Home will post 8.5 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.45%. KB Home’s dividend payout ratio is presently 11.81%.

Institutional Investors Weigh In On KB Home

Hedge funds have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new stake in KB Home during the third quarter valued at about $32,000. Riggs Asset Managment Co. Inc. purchased a new stake in KB Home during the 3rd quarter valued at about $43,000. Principal Securities Inc. grew its position in KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after acquiring an additional 179 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in KB Home in the 3rd quarter worth approximately $59,000. Finally, Banque Cantonale Vaudoise purchased a new position in KB Home in the 3rd quarter worth approximately $61,000. Institutional investors own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

KBH has been the topic of several recent analyst reports. Raymond James reissued an “outperform” rating and set a $80.00 target price (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. JPMorgan Chase & Co. cut their price objective on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Bank of America lowered their target price on KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday. Wells Fargo & Company reduced their price target on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a research report on Tuesday. Finally, Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $76.21.

About KB Home

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.