KB Home (NYSE:KBH) EVP Brian J. Woram sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $28.02, for a total value of $280,200.00. Following the completion of the sale, the executive vice president now owns 151,770 shares in the company, valued at approximately $4,252,595.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
KBH stock opened at $28.47 on Friday. The stock has a market capitalization of $2.47 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 1.19 and a beta of 1.39. KB Home has a 12-month low of $16.82 and a 12-month high of $28.68. The stock’s 50 day simple moving average is $26.57 and its 200 day simple moving average is $25.21.
KB Home (NYSE:KBH) last released its quarterly earnings data on Wednesday, June 26th. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.12. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $933.49 million. KB Home had a return on equity of 12.43% and a net margin of 5.94%. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 EPS. As a group, analysts predict that KB Home will post 2.67 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a $0.09 dividend. The ex-dividend date was Wednesday, July 31st. This is a boost from KB Home’s previous quarterly dividend of $0.03. This represents a $0.36 annualized dividend and a yield of 1.26%. KB Home’s dividend payout ratio is 12.77%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC increased its stake in KB Home by 245.3% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 127,339 shares of the construction company’s stock worth $3,277,000 after buying an additional 90,459 shares in the last quarter. Verition Fund Management LLC purchased a new stake in KB Home in the 2nd quarter worth $226,000. United Services Automobile Association increased its stake in KB Home by 3.2% in the 2nd quarter. United Services Automobile Association now owns 116,293 shares of the construction company’s stock worth $2,992,000 after buying an additional 3,630 shares in the last quarter. Nuveen Asset Management LLC increased its stake in KB Home by 804.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 485,166 shares of the construction company’s stock worth $12,483,000 after buying an additional 431,512 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in KB Home by 3.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 90,962 shares of the construction company’s stock worth $2,340,000 after buying an additional 3,260 shares in the last quarter. 85.16% of the stock is currently owned by institutional investors and hedge funds.
KBH has been the topic of several recent research reports. SunTrust Banks initiated coverage on KB Home in a research note on Monday, August 12th. They issued a “buy” rating and a $35.00 price target on the stock. BTIG Research upgraded KB Home from a “sell” rating to a “neutral” rating and set a $25.73 price target on the stock in a research note on Monday, July 1st. Bank of America restated a “neutral” rating and issued a $28.00 price target (up previously from $26.00) on shares of KB Home in a research note on Thursday, June 27th. Wedbush restated a “neutral” rating and issued a $22.00 price target (down previously from $25.00) on shares of KB Home in a research note on Thursday, June 27th. Finally, Zacks Investment Research upgraded KB Home from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Monday, July 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $26.82.
KB Home Company Profile
KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers.
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