KB Home (KBH) EVP Sells $1,342,731.19 in Stock
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%.
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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.
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