KB Home (NYSE:KBH) Director Sells $275,858.72 in Stock

KB Home (NYSE:KBH - Get Free Report) Director Thomas W. Gilligan sold 3,914 shares of the company's stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $70.48, for a total value of $275,858.72. Following the transaction, the director now directly owns 48,217 shares in the company, valued at approximately $3,398,334.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

KB Home Stock Down 0.2 %

Shares of KBH stock traded down $0.13 on Friday, reaching $70.15. 685,989 shares of the stock were exchanged, compared to its average volume of 1,156,902. The stock has a market cap of $5.32 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 0.78 and a beta of 1.74. The firm has a 50 day moving average of $67.03 and a two-hundred day moving average of $60.73. KB Home has a 1-year low of $42.11 and a 1-year high of $72.00.

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

KB Home Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.43%. This is a positive change from KB Home's previous quarterly dividend of $0.20. KB Home's dividend payout ratio is presently 13.61%.

Hedge Funds Weigh In On KB Home

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in KB Home by 3.5% during the third quarter. Vanguard Group Inc. now owns 7,819,706 shares of the construction company's stock valued at $361,896,000 after buying an additional 263,194 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of KB Home by 93.9% during the third quarter. AQR Capital Management LLC now owns 2,526,838 shares of the construction company's stock worth $116,942,000 after purchasing an additional 1,223,612 shares during the period. Invesco Ltd. lifted its position in shares of KB Home by 26.1% in the 3rd quarter. Invesco Ltd. now owns 1,546,880 shares of the construction company's stock worth $71,590,000 after buying an additional 320,554 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of KB Home by 32.3% in the 3rd quarter. American Century Companies Inc. now owns 1,251,656 shares of the construction company's stock valued at $57,927,000 after buying an additional 305,820 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in KB Home by 225.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 895,313 shares of the construction company's stock valued at $41,435,000 after purchasing an additional 620,238 shares during the period. Institutional investors and hedge funds own 96.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KBH shares. Keefe, Bruyette & Woods boosted their price target on KB Home from $67.00 to $77.00 and gave the stock a "market perform" rating in a research note on Thursday, March 28th. Wells Fargo & Company increased their price target on shares of KB Home from $65.00 to $70.00 and gave the company an "equal weight" rating in a research report on Thursday, March 21st. Raymond James upped their target price on KB Home from $61.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, January 18th. Evercore ISI lowered their target price on KB Home from $82.00 to $78.00 and set an "outperform" rating on the stock in a report on Thursday, March 21st. Finally, Royal Bank of Canada upped their target price on shares of KB Home from $63.00 to $69.00 and gave the company a "sector perform" rating in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $66.11.

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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