KB Home (NYSE:KBH) SVP Thomas F. Norton sold 47,179 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $30.32, for a total transaction of $1,430,467.28. Following the completion of the transaction, the senior vice president now directly owns 103,562 shares in the company, valued at approximately $3,139,999.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of KB Home (NYSE:KBH) opened at $31.64 on Friday. KB Home has a 12 month low of $16.45 and a 12 month high of $38.80. The company has a market cap of $2,750.00, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 0.79 and a beta of 1.48. The company has a quick ratio of 1.22, a current ratio of 5.36 and a debt-to-equity ratio of 1.21.
KB Home (NYSE:KBH) last announced its quarterly earnings results on Wednesday, January 10th. The construction company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07. KB Home had a net margin of 4.13% and a return on equity of 9.93%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the business earned $0.40 earnings per share. KB Home’s revenue was up 17.7% compared to the same quarter last year. equities research analysts forecast that KB Home will post 2.61 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be paid a dividend of $0.025 per share. The ex-dividend date is Wednesday, February 7th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.32%. KB Home’s dividend payout ratio is presently 5.46%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. increased its stake in shares of KB Home by 1.0% during the third quarter. Prudential Financial Inc. now owns 693,448 shares of the construction company’s stock valued at $16,726,000 after acquiring an additional 6,570 shares during the period. American International Group Inc. increased its stake in shares of KB Home by 3.0% during the third quarter. American International Group Inc. now owns 226,771 shares of the construction company’s stock valued at $5,470,000 after acquiring an additional 6,581 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of KB Home during the third quarter valued at approximately $1,041,000. Hennessy Advisors Inc. acquired a new position in shares of KB Home during the fourth quarter valued at approximately $34,238,000. Finally, Voya Investment Management LLC increased its stake in shares of KB Home by 18.6% during the second quarter. Voya Investment Management LLC now owns 35,115 shares of the construction company’s stock valued at $842,000 after acquiring an additional 5,497 shares during the period. Institutional investors and hedge funds own 97.67% of the company’s stock.
A number of equities analysts have issued reports on the stock. UBS Group assumed coverage on shares of KB Home in a report on Wednesday, October 25th. They issued a “sell” rating and a $24.00 target price on the stock. Zacks Investment Research cut shares of KB Home from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Credit Suisse Group reissued a “neutral” rating and issued a $31.00 target price (up previously from $25.00) on shares of KB Home in a report on Thursday, January 11th. Buckingham Research cut shares of KB Home from a “neutral” rating to an “underperform” rating and raised their target price for the stock from $28.00 to $34.00 in a report on Friday, January 12th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $31.00 target price on shares of KB Home in a report on Wednesday, November 15th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. KB Home currently has a consensus rating of “Hold” and an average price target of $29.07.
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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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