KB Home (NYSE:KBH - Get Free Report) COO Robert V. Mcgibney sold 14,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total value of $749,280.00. Following the transaction, the chief operating officer owned 78,345 shares in the company, valued at $4,193,024.40. This represents a 15.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
KB Home Trading Up 1.1%
Shares of KBH traded up $0.59 during midday trading on Monday, hitting $54.48. 225,156 shares of the stock were exchanged, compared to its average volume of 1,314,623. KB Home has a 52-week low of $48.90 and a 52-week high of $89.70. The stock has a fifty day simple moving average of $53.25 and a 200 day simple moving average of $57.88. The firm has a market cap of $3.71 billion, a P/E ratio of 7.22, a P/E/G ratio of 4.33 and a beta of 1.34. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.60 and a current ratio of 5.83.
KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings results on Monday, June 23rd. The construction company reported $1.50 EPS 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 business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the business posted $2.15 earnings per share. The company's quarterly revenue was down 10.5% on a year-over-year basis. On average, research analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.
KB Home Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, August 7th. KB Home's payout ratio is currently 13.25%.
Institutional Trading of KB Home
Hedge funds have recently modified their holdings of the stock. Xponance Inc. raised its stake in 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 buying an additional 163 shares in the last quarter. Amundi raised 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 buying an additional 201 shares in the last quarter. 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 buying an additional 206 shares in the last quarter. CWM LLC raised its stake in KB Home by 11.8% in the first quarter. CWM LLC now owns 2,007 shares of the construction company's stock valued at $117,000 after buying an additional 212 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock valued at $36,000 after buying an additional 214 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
KBH has been the subject of a number of research analyst reports. Wells Fargo & Company reissued an "underweight" rating and set a $52.00 target price (down previously from $53.00) on shares of KB Home in a report on Tuesday, June 24th. Evercore ISI reduced their target price on KB Home from $77.00 to $70.00 and set an "outperform" rating for the company in a report on Tuesday, June 24th. Barclays set a $49.00 target price on KB Home and gave the company an "equal weight" rating in a report on Tuesday, June 24th. Wall Street Zen raised KB Home from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, UBS Group reduced their target price on KB Home from $86.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $66.14.
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About KB Home
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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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