KB Home (NYSE:KBH) EVP Brian J. Woram sold 49,529 shares of the firm’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $27.11, for a total value of $1,342,731.19. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of KB Home (NYSE KBH) traded up 1.00% during trading on Monday, hitting $27.16. The stock had a trading volume of 2,268,477 shares. KB Home has a one year low of $14.06 and a one year high of $27.67. The company has a market cap of $2.35 billion, a P/E ratio of 19.46 and a beta of 1.53. The stock’s 50-day moving average price is $22.81 and its 200-day moving average price is $22.12.

KB Home (NYSE:KBH) last posted its earnings results on Thursday, September 28th. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, equities research analysts forecast that KB Home will post $1.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd will be paid a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.37%. KB Home’s dividend payout ratio (DPR) is currently 7.19%.

WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/16/kb-home-kbh-evp-sells-1342731-19-in-stock.html.

Several hedge funds have recently bought and sold shares of KBH. Russell Investments Group Ltd. grew its stake in shares of KB Home by 1,401.0% in the first quarter. Russell Investments Group Ltd. now owns 79,900 shares of the construction company’s stock valued at $1,588,000 after buying an additional 74,577 shares in the last quarter. Swiss National Bank grew its stake in shares of KB Home by 1.7% in the first quarter. Swiss National Bank now owns 125,700 shares of the construction company’s stock valued at $2,499,000 after buying an additional 2,100 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in KB Home by 51.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 57,232 shares of the construction company’s stock valued at $1,138,000 after purchasing an additional 19,430 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in KB Home by 22.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 120,552 shares of the construction company’s stock valued at $2,397,000 after purchasing an additional 22,050 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in KB Home by 10.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,749 shares of the construction company’s stock valued at $134,000 after purchasing an additional 639 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

A number of brokerages recently issued reports on KBH. Credit Suisse Group raised their price objective on KB Home from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, September 29th. BidaskClub downgraded KB Home from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Barclays PLC raised their price objective on KB Home from $17.00 to $18.00 and gave the stock an “underweight” rating in a research report on Friday, September 29th. Zacks Investment Research raised KB Home from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, October 4th. Finally, Mizuho raised KB Home from an “underperform” rating to a “neutral” rating and set a $21.00 price objective for the company in a research report on Friday, September 29th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $21.93.

KB Home Company Profile

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.

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.