KB Home (NYSE:KBH) EVP Albert Praw Sells 22,015 Shares

KB Home (NYSE:KBH) EVP Albert Praw sold 22,015 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $58.70, for a total transaction of $1,292,280.50. Following the sale, the executive vice president owned 104,062 shares of the company’s stock, valued at $6,108,439.40. This trade represents a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

KB Home Stock Performance

KB Home stock opened at $58.62 on Friday. KB Home has a 52 week low of $44.03 and a 52 week high of $68.71. The firm has a market capitalization of $3.59 billion, a PE ratio of 20.43, a PEG ratio of 9.44 and a beta of 1.35. The business’s 50-day simple moving average is $56.18 and its 200-day simple moving average is $55.53.

KB Home (NYSE:KBH) last announced its earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. KB Home had a net margin of 4.94% and a return on equity of 7.67%. KB Home’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.50 EPS. Research analysts forecast that KB Home will post 3.3 earnings per share for the current year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, August 6th. KB Home’s dividend payout ratio is currently 34.84%.

Wall Street Analyst Weigh In

KBH has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $53.00 target price on shares of KB Home in a research report on Wednesday, June 24th. Wall Street Zen raised shares of KB Home from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. UBS Group raised their price target on shares of KB Home from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Citigroup restated a “market outperform” rating on shares of KB Home in a report on Wednesday, June 17th. Finally, Barclays upped their price objective on shares of KB Home from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $60.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KBH. Bessemer Group Inc. increased its holdings in KB Home by 80.0% in the 1st quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock valued at $26,000 after buying an additional 220 shares during the period. Eastern Bank bought a new position in shares of KB Home during the 2nd quarter worth about $26,000. First Horizon Corp boosted its position in shares of KB Home by 178.9% during the 4th quarter. First Horizon Corp now owns 502 shares of the construction company’s stock valued at $28,000 after acquiring an additional 322 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of KB Home by 73.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after acquiring an additional 250 shares in the last quarter. Finally, Fulcrum Asset Management LLP bought a new stake in KB Home in the third quarter valued at about $36,000. 96.09% of the stock is owned by institutional investors.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.