S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01

KB Home Target of Unusually Large Options Trading (NYSE:KBH)

Friday, January 14, 2022 | MarketBeat

KB Home (NYSE:KBH) was the recipient of unusually large options trading on Friday. Stock investors purchased 7,256 put options on the stock. This is an increase of 75% compared to the average volume of 4,141 put options.

In other news, EVP Brian J. Woram sold 39,370 shares of KB Home stock in a transaction dated Wednesday, November 10th. The stock was sold at an average price of $41.56, for a total value of $1,636,217.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey T. Mezger sold 166,861 shares of KB Home stock in a transaction dated Tuesday, November 9th. The stock was sold at an average price of $42.66, for a total value of $7,118,290.26. The disclosure for this sale can be found here. Insiders sold 352,032 shares of company stock worth $14,837,469 over the last ninety days. Insiders own 4.40% of the company's stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sovarnum Capital L.P. purchased a new stake in shares of KB Home in the second quarter valued at approximately $3,339,000. Vanguard Group Inc. raised its stake in KB Home by 1.9% in the second quarter. Vanguard Group Inc. now owns 8,227,362 shares of the construction company's stock worth $335,018,000 after buying an additional 154,533 shares in the last quarter. Millennium Management LLC raised its stake in KB Home by 961.8% in the second quarter. Millennium Management LLC now owns 1,473,440 shares of the construction company's stock worth $59,998,000 after buying an additional 1,334,668 shares in the last quarter. Allianz Asset Management GmbH raised its stake in KB Home by 32.3% in the second quarter. Allianz Asset Management GmbH now owns 203,198 shares of the construction company's stock worth $8,274,000 after buying an additional 49,655 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in KB Home by 23.1% in the second quarter. Penserra Capital Management LLC now owns 25,265 shares of the construction company's stock worth $1,028,000 after buying an additional 4,743 shares in the last quarter. Hedge funds and other institutional investors own 88.54% of the company's stock.

Several research analysts recently commented on the company. Wedbush lifted their price target on KB Home from $60.00 to $73.00 in a research report on Thursday. Raymond James lifted their price target on KB Home from $55.00 to $63.00 and gave the stock a "strong-buy" rating in a research report on Friday. Zacks Investment Research upgraded KB Home from a "sell" rating to a "hold" rating and set a $43.00 target price for the company in a research report on Tuesday, September 28th. Royal Bank of Canada boosted their target price on KB Home from $46.00 to $55.00 in a research report on Thursday. Finally, Bank of America started coverage on KB Home in a research report on Monday, November 8th. They set a "neutral" rating for the company. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, KB Home currently has a consensus rating of "Buy" and a consensus target price of $54.73.

Shares of NYSE KBH traded down $0.99 during trading hours on Friday, reaching $48.39. The stock had a trading volume of 171,830 shares, compared to its average volume of 1,403,888. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 0.15 and a beta of 1.76. The business's fifty day moving average price is $43.04 and its two-hundred day moving average price is $41.86. KB Home has a 52-week low of $34.55 and a 52-week high of $52.48.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Wednesday, January 12th. The construction company reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.77 by $0.14. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. KB Home had a return on equity of 20.13% and a net margin of 9.86%. KB Home's quarterly revenue was up 40.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 earnings per share. As a group, equities research analysts anticipate that KB Home will post 7.88 EPS for the current year.

About KB Home

KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The firm operates through the following segments: West Coast, Southwest, Central, and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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