KB Home (NYSE:KBH) EVP Albert Z. Praw sold 150,000 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $25.85, for a total value of $3,877,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of KB Home (NYSE KBH) traded up 1.65% during midday trading on Wednesday, reaching $27.18. The company’s stock had a trading volume of 1,993,667 shares. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 19.47 and a beta of 1.54. KB Home has a 12 month low of $14.06 and a 12 month high of $27.22. The stock has a 50-day moving average of $22.35 and a 200 day moving average of $21.96.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Thursday, September 28th. The construction company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.12 billion. KB Home had a return on equity of 7.57% and a net margin of 3.22%. KB Home’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. On average, analysts predict that KB Home will post $1.74 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd will be given a dividend of $0.025 per share. The ex-dividend date is Wednesday, November 1st. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. KB Home’s dividend payout ratio is currently 7.19%.

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A number of equities analysts recently weighed in on KBH shares. BidaskClub lowered KB Home from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Wedbush set a $22.00 price target on KB Home and gave the company a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research upgraded KB Home from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Friday, September 22nd. Keefe, Bruyette & Woods set a $24.00 price target on KB Home and gave the company a “hold” rating in a research report on Saturday, August 19th. Finally, MKM Partners upgraded KB Home to a “hold” rating and increased their price target for the company from $20.00 to $24.00 in a research report on Tuesday, June 27th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $21.93.

Hedge funds have recently bought and sold shares of the company. Creative Planning boosted its position in shares of KB Home by 34.9% during the second quarter. Creative Planning now owns 4,289 shares of the construction company’s stock worth $103,000 after buying an additional 1,110 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of KB Home by 10.5% during the first quarter. Envestnet Asset Management Inc. now owns 6,749 shares of the construction company’s stock worth $134,000 after buying an additional 639 shares during the period. Victory Capital Management Inc. boosted its position in shares of KB Home by 40.2% during the first quarter. Victory Capital Management Inc. now owns 7,047 shares of the construction company’s stock worth $140,000 after buying an additional 2,020 shares during the period. LS Investment Advisors LLC boosted its position in shares of KB Home by 18.0% during the second quarter. LS Investment Advisors LLC now owns 6,511 shares of the construction company’s stock worth $156,000 after buying an additional 991 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of KB Home by 28.7% during the first quarter. Lazard Asset Management LLC now owns 9,418 shares of the construction company’s stock worth $187,000 after buying an additional 2,100 shares during the period. 98.37% of the stock is owned by institutional investors.

About KB Home

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

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