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

KB Home (NYSE:KBH) EVP Albert Praw sold 22,015 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $58.70, for a total transaction of $1,292,280.50. Following the completion of the sale, the executive vice president directly owned 104,062 shares in the company, valued at approximately $6,108,439.40. This represents a 17.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

KB Home Trading Up 2.9%

NYSE:KBH traded up $1.67 during trading hours on Friday, hitting $58.62. 837,920 shares of the company were exchanged, compared to its average volume of 1,197,725. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 9.78 and a beta of 1.35. KB Home has a one year low of $44.03 and a one year high of $68.71. The company has a fifty day simple moving average of $55.98 and a 200 day simple moving average of $55.51.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $1.11 billion during 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%. The company’s quarterly revenue was down 27.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 EPS. Equities research analysts predict that KB Home will post 3.3 earnings per share for the current fiscal year.

KB Home Announces Dividend

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

Wall Street Analysts Forecast Growth

KBH has been the subject of several analyst reports. Wall Street Zen upgraded shares of KB Home from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings upgraded shares of KB Home from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Royal Bank Of Canada restated a “sector perform” rating and issued a $53.00 target price on shares of KB Home in a report on Wednesday, June 24th. Truist Financial upped their price target on shares of KB Home from $50.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday, June 24th. Finally, Citigroup reissued a “market outperform” rating on shares of KB Home in a research report on Wednesday, June 17th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, KB Home presently has a consensus rating of “Hold” and an average target price of $60.17.

Hedge Funds Weigh In On KB Home

Several institutional investors have recently made changes to their positions in the stock. Vista Investment Management boosted its stake in shares of KB Home by 3.5% in the 4th quarter. Vista Investment Management now owns 5,117 shares of the construction company’s stock worth $289,000 after buying an additional 175 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of KB Home by 80.0% during the 1st quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock valued at $26,000 after purchasing an additional 220 shares during the period. Parkside Financial Bank & Trust increased 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 purchasing an additional 250 shares during the last quarter. Nebula Research & Development LLC lifted its stake in shares of KB Home by 6.3% in the 2nd quarter. Nebula Research & Development LLC now owns 4,402 shares of the construction company’s stock worth $233,000 after purchasing an additional 262 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of KB Home by 5.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,299 shares of the construction company’s stock worth $337,000 after purchasing an additional 274 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

About KB Home

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.