KB Home (NYSE:KBH)’s share price fell 5.1% on Friday . The stock traded as low as $15.71 and last traded at $15.78, with a volume of 2,967,749 shares changing hands. The stock had previously closed at $16.62.

Several research firms have weighed in on KBH. Bank of America Corp. reissued a “sell” rating on shares of KB Home in a research note on Saturday, April 9th. Zacks Investment Research downgraded KB Home from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Argus restated a “hold” rating on shares of KB Home in a report on Monday, July 18th. MKM Partners restated a “hold” rating on shares of KB Home in a report on Tuesday, June 7th. Finally, Buckingham Research downgraded KB Home from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a report on Monday, July 18th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.97.

The firm has a market capitalization of $1.32 billion and a P/E ratio of 16.07. The stock’s 50 day moving average price is $15.42 and its 200-day moving average price is $13.38.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, June 21st. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. During the same quarter last year, the company earned $0.10 earnings per share. The business earned $811.10 million during the quarter. KB Home’s revenue for the quarter was up 30.2% compared to the same quarter last year. Equities analysts anticipate that KB Home will post $1.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Thursday, August 4th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, August 2nd.

In related news, CEO Jeffrey T. Mezger sold 110,000 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $16.39, for a total value of $1,802,900.00. Following the completion of the sale, the chief executive officer now directly owns 606,716 shares of the company’s stock, valued at approximately $9,944,075.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey T. Mezger sold 230,000 shares of the business’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $16.43, for a total value of $3,778,900.00. Following the completion of the sale, the chief executive officer now directly owns 606,716 shares of the company’s stock, valued at $9,968,343.88. The disclosure for this sale can be found here.

A number of hedge funds have recently modified their holdings of KBH. California State Teachers Retirement System raised its stake in shares of KB Home by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 151,197 shares of the company’s stock worth $1,864,000 after buying an additional 2,336 shares during the last quarter. OppenheimerFunds Inc. raised its stake in shares of KB Home by 132.5% in the fourth quarter. OppenheimerFunds Inc. now owns 151,306 shares of the company’s stock worth $1,866,000 after buying an additional 86,216 shares during the last quarter. Rhumbline Advisers raised its stake in shares of KB Home by 1.0% in the fourth quarter. Rhumbline Advisers now owns 190,211 shares of the company’s stock worth $2,345,000 after buying an additional 1,935 shares during the last quarter. Alpine Woods Capital Investors LLC raised its stake in shares of KB Home by 100.0% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 200,000 shares of the company’s stock worth $2,466,000 after buying an additional 100,000 shares during the last quarter. Finally, KBC Group NV purchased a new stake in shares of KB Home during the fourth quarter worth approximately $2,736,000.

KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.

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