KB Home (NYSE:KBH) announced its earnings results on Tuesday. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.03. KB Home had a return on equity of 5.83% and a net margin of 2.89%.

KB Home (NYSE:KBH) traded down 2.42% during trading on Tuesday, hitting $14.93. 4,529,662 shares of the company’s stock traded hands. The company’s 50 day moving average is $15.49 and its 200-day moving average is $14.60. KB Home has a 12 month low of $9.04 and a 12 month high of $16.76. The stock has a market cap of $1.26 billion, a P/E ratio of 15.28 and a beta of 1.96.

In other news, CEO Jeffrey T. Mezger sold 230,000 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $16.43, for a total transaction of $3,778,900.00. Following the completion of the transaction, the chief executive officer now directly owns 606,716 shares of the company’s stock, valued at $9,968,343.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey T. Mezger sold 500,000 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $16.47, for a total transaction of $8,235,000.00. Following the transaction, the insider now directly owns 606,716 shares of the company’s stock, valued at $9,992,612.52. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/kb-home-kbh-posts-quarterly-earnings-results.html

Several institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors increased its position in shares of KB Home by 1.8% in the second quarter. BlackRock Fund Advisors now owns 6,104,115 shares of the company’s stock valued at $92,844,000 after buying an additional 108,960 shares during the period. AQR Capital Management LLC increased its position in KB Home by 85.6% in the second quarter. AQR Capital Management LLC now owns 3,151,739 shares of the company’s stock worth $47,938,000 after buying an additional 1,453,844 shares during the last quarter. State Street Corp increased its position in KB Home by 3.2% in the second quarter. State Street Corp now owns 2,623,563 shares of the company’s stock worth $39,907,000 after buying an additional 80,687 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in KB Home by 3.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,520,972 shares of the company’s stock worth $38,344,000 after buying an additional 79,765 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in KB Home by 10.0% in the second quarter. Franklin Resources Inc. now owns 1,936,294 shares of the company’s stock worth $29,451,000 after buying an additional 176,466 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on KBH shares. TheStreet raised KB Home from a “hold” rating to a “buy” rating in a research report on Wednesday, June 22nd. Zacks Investment Research raised KB Home from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Monday, July 18th. Buckingham Research raised KB Home from a “neutral” rating to a “buy” rating in a research report on Monday. Argus reaffirmed a “hold” rating on shares of KB Home in a research report on Monday, July 18th. Finally, MKM Partners reaffirmed a “hold” rating on shares of KB Home in a research report on Tuesday, June 7th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.33.

About KB Home

KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.

5 Day Chart for NYSE:KBH

Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.