KB Home (NYSE:KBH) traded down 2.4% on Friday . The stock traded as low as $15.24 and last traded at $15.26, with a volume of 782,422 shares. The stock had previously closed at $15.63.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of KB Home from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Argus reissued a “hold” rating on shares of KB Home in a research report on Monday, July 18th. Buckingham Research downgraded shares of KB Home from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a research report on Monday, July 18th. MKM Partners reissued a “hold” rating on shares of KB Home in a research report on Tuesday, June 7th. Finally, TheStreet raised shares of KB Home from a “hold” rating to a “buy” rating in a research report on Wednesday, June 22nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $14.97.

The company has a market capitalization of $1.29 billion and a P/E ratio of 15.68. The firm has a 50 day moving average price of $15.78 and a 200 day moving average price of $13.72.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Tuesday, June 21st. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. During the same period in the previous year, the business posted $0.10 earnings per share. The company earned $811.10 million during the quarter. KB Home’s revenue for the quarter was up 30.2% on a year-over-year basis. On average, equities research analysts anticipate that KB Home will post $1.34 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 18th. Shareholders of record on Thursday, August 4th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Tuesday, August 2nd.

In other news, CEO Jeffrey T. Mezger sold 230,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 606,716 shares in the company, valued at approximately $9,968,343.88. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey T. Mezger sold 500,000 shares of the stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $16.47, for a total transaction of $8,235,000.00. Following the completion of the transaction, the insider now owns 606,716 shares of the company’s stock, valued at approximately $9,992,612.52. The disclosure for this sale can be found here.

Several institutional investors have made changes to their positions in KBH. Rhumbline Advisers boosted its position 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 in the last quarter. Alpine Woods Capital Investors LLC boosted its position 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 in the last quarter. KBC Group NV acquired a new position in shares of KB Home during the fourth quarter worth about $2,736,000. New York State Common Retirement Fund boosted its position in shares of KB Home by 28.1% in the fourth quarter. New York State Common Retirement Fund now owns 255,125 shares of the company’s stock worth $3,146,000 after buying an additional 55,900 shares in the last quarter. Finally, Airain ltd acquired a new position in shares of KB Home during the fourth quarter worth about $3,271,000.

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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