Insider Selling: KB Home (NYSE:KBH) COO Sells 14,000 Shares of Stock

KB Home (NYSE:KBH - Get Free Report) COO Robert V. Mcgibney sold 14,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total value of $749,280.00. Following the completion of the sale, the chief operating officer directly owned 78,345 shares of the company's stock, valued at approximately $4,193,024.40. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

KB Home Stock Performance

KB Home stock traded up $0.79 during trading hours on Thursday, reaching $55.64. 1,775,479 shares of the company were exchanged, compared to its average volume of 1,327,750. KB Home has a 12 month low of $48.90 and a 12 month high of $89.70. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 4.41 and a beta of 1.34. The company has a current ratio of 5.83, a quick ratio of 0.60 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $53.22 and a 200 day moving average of $58.14.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings data on Monday, June 23rd. The construction company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.05. KB Home had a return on equity of 14.02% and a net margin of 8.47%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm earned $2.15 EPS. KB Home's revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, research analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, August 7th. This represents a $1.00 annualized dividend and a yield of 1.80%. KB Home's dividend payout ratio (DPR) is 13.25%.

Analyst Ratings Changes

KBH has been the subject of several recent research reports. Wells Fargo & Company reiterated an "underweight" rating and set a $52.00 target price (down previously from $53.00) on shares of KB Home in a research note on Tuesday, June 24th. Wedbush reissued a "neutral" rating and set a $75.00 target price on shares of KB Home in a research note on Tuesday, March 25th. UBS Group reduced their price objective on KB Home from $86.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, June 24th. Keefe, Bruyette & Woods decreased their price target on shares of KB Home from $65.00 to $58.00 and set a "market perform" rating on the stock in a research report on Thursday, June 26th. Finally, Barclays set a $49.00 price objective on KB Home and gave the stock an "equal weight" rating in a research note on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $66.14.

Hedge Funds Weigh In On KB Home

Large investors have recently modified their holdings of the stock. Invesco Ltd. raised its stake in shares of KB Home by 2.4% during the fourth quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company's stock worth $157,529,000 after buying an additional 56,142 shares during the last quarter. First Trust Advisors LP grew its position in shares of KB Home by 61.2% during the 4th quarter. First Trust Advisors LP now owns 1,327,809 shares of the construction company's stock worth $87,264,000 after buying an additional 503,895 shares during the period. LSV Asset Management raised its position in shares of KB Home by 3.0% in the 4th quarter. LSV Asset Management now owns 1,137,900 shares of the construction company's stock valued at $74,783,000 after acquiring an additional 33,500 shares during the period. Northern Trust Corp boosted its stake in KB Home by 7.3% during the 4th quarter. Northern Trust Corp now owns 1,101,300 shares of the construction company's stock worth $72,377,000 after acquiring an additional 75,206 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in KB Home by 116.1% in the first quarter. AQR Capital Management LLC now owns 942,479 shares of the construction company's stock valued at $53,957,000 after purchasing an additional 506,415 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

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.

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