KB Home (NYSE:KBH) CFO Sells $2,554,972.16 in Stock

KB Home (NYSE:KBH - Get Free Report) CFO Jeff Kaminski sold 38,386 shares of KB Home stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total value of $2,554,972.16. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,294,522.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jeff Kaminski also recently made the following trade(s):

• On Wednesday, January 24th, Jeff Kaminski sold 4,928 shares of KB Home stock. The stock was sold at an average price of $59.86, for a total transaction of $294,990.08.

KB Home Stock Performance

NYSE KBH traded up $1.03 on Thursday, reaching $64.78. 777,561 shares of the company's stock traded hands, compared to its average volume of 1,178,800. The stock has a 50 day moving average price of $65.70 and a 200-day moving average price of $57.86. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 0.75 and a beta of 1.73. KB Home has a fifty-two week low of $38.65 and a fifty-two week high of $72.00.

KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Wednesday, March 20th. The construction company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.19. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. KB Home had a return on equity of 15.78% and a net margin of 9.29%. The company's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 earnings per share. As a group, equities research analysts anticipate that KB Home will post 8.01 EPS for the current fiscal year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Wednesday, February 7th. KB Home's dividend payout ratio (DPR) is 10.88%.

Wall Street Analyst Weigh In

KBH has been the topic of several analyst reports. Evercore ISI reduced their price target on KB Home from $82.00 to $78.00 and set an "outperform" rating on the stock in a research report on Thursday, March 21st. Wedbush boosted their price target on KB Home from $60.00 to $64.00 and gave the stock a "neutral" rating in a research note on Thursday, March 21st. UBS Group increased their price objective on shares of KB Home from $82.00 to $87.00 and gave the company a "buy" rating in a research report on Thursday, March 21st. Royal Bank of Canada boosted their target price on shares of KB Home from $63.00 to $69.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 21st. Finally, The Goldman Sachs Group raised their price target on shares of KB Home from $61.00 to $70.00 and gave the stock a "neutral" rating in a report on Friday, March 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $66.11.

Hedge Funds Weigh In On KB Home

Several large investors have recently made changes to their positions in KBH. Ballentine Partners LLC lifted its holdings in shares of KB Home by 26.8% in the 1st quarter. Ballentine Partners LLC now owns 8,457 shares of the construction company's stock valued at $599,000 after buying an additional 1,790 shares during the period. Salem Investment Counselors Inc. raised its holdings in shares of KB Home by 8.7% in the first quarter. Salem Investment Counselors Inc. now owns 149,300 shares of the construction company's stock worth $10,582,000 after acquiring an additional 11,925 shares during the last quarter. NBC Securities Inc. lifted its holdings in KB Home by 15.4% in the 1st quarter. NBC Securities Inc. now owns 4,852 shares of the construction company's stock valued at $343,000 after purchasing an additional 647 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in shares of KB Home during the fourth quarter valued at approximately $253,000. Finally, Voya Investment Management LLC lifted its stake in shares of KB Home by 2.9% during the 4th quarter. Voya Investment Management LLC now owns 149,138 shares of the construction company's stock worth $9,315,000 after purchasing an additional 4,235 shares during the period. 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.