KB Home (NYSE:KBH) Director Sells 4,000 Shares of Stock

Key Points

• KB Home director Arthur Reginald Collins sold 4,000 shares at an average price of $56.96, generating $227,840 and reducing his direct stake by 30.4% to 9,157 shares.
• KB Home shares rose 2.9% to $58.62, while the company’s latest quarterly results showed revenue of $1.11 billion but earnings per share of $0.43, slightly below estimates; revenue declined 27.3% year over year.
• The company declared a quarterly dividend of $0.25 per share, equivalent to a 1.7% yield, while analysts maintain a consensus “Hold” rating with an average price target of $60.17.

KB Home (NYSE:KBH - Get Free Report) Director Arthur Reginald Collins sold 4,000 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $56.96, for a total value of $227,840.00. Following the transaction, the director directly owned 9,157 shares of the company's stock, valued at approximately $521,582.72. This trade represents a 30.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

KB Home Trading Up 2.9%

KB Home stock traded up $1.67 during mid-day trading on Friday, hitting $58.62. The company had a trading volume of 837,920 shares, compared to its average volume of 1,197,725. KB Home has a 12 month low of $44.03 and a 12 month high of $68.71. The company has a market capitalization of $3.59 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 9.78 and a beta of 1.35. The stock's 50 day moving average price is $55.98 and its two-hundred day moving average price is $55.51.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. KB Home had a net margin of 4.94% and a return on equity of 7.67%. KB Home's revenue was down 27.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 earnings per share. Equities research analysts anticipate that KB Home will post 3.3 EPS for the current year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.00 annualized dividend and a yield of 1.7%. KB Home's payout ratio is 34.84%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. UBS Group raised their price target on shares of KB Home from $63.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday, June 24th. Citizens Jmp reiterated a "market outperform" rating and set a $77.00 target price on shares of KB Home in a research note on Wednesday, June 24th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $53.00 target price on shares of KB Home in a report on Wednesday, June 24th. Wells Fargo & Company upped their price target on KB Home from $50.00 to $52.00 and gave the company an "underweight" rating in a report on Wednesday, June 24th. Finally, Truist Financial increased their price objective on KB Home from $50.00 to $56.00 and gave the company a "hold" rating in a research report on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $60.17.

Institutional Trading of KB Home

Large investors have recently modified their holdings of the company. Bessemer Group Inc. lifted its holdings in KB Home by 80.0% in the first quarter. Bessemer Group Inc. now owns 495 shares of the construction company's stock valued at $26,000 after acquiring an additional 220 shares during the period. Eastern Bank purchased a new stake in shares of KB Home during the 2nd quarter valued at about $26,000. First Horizon Corp increased its position in shares of KB Home by 178.9% during the 4th quarter. First Horizon Corp now owns 502 shares of the construction company's stock valued at $28,000 after purchasing an additional 322 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of KB Home by 73.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company's stock worth $33,000 after purchasing an additional 250 shares during the period. Finally, Fulcrum Asset Management LLP purchased a new position in shares of KB Home in the third quarter worth approximately $36,000. Institutional investors own 96.09% of the company's stock.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation's largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.

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