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

Several analysts recently commented on the stock. FBN Securities downgraded shares of KB Home from an “outperform” rating to a “sector perform” rating in a research report on Monday, April 18th. Buckingham Research downgraded shares of KB Home from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Monday, July 18th. Zacks Investment Research downgraded shares of KB Home from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. MKM Partners restated a “hold” rating on shares of KB Home in a research report on Wednesday, June 22nd. Finally, Credit Suisse Group AG restated a “sell” rating on shares of KB Home in a research report on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $14.97.

The stock has a market cap of $1.29 billion and a P/E ratio of 15.68. The stock has a 50 day moving average of $15.79 and a 200-day moving average of $13.76.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, June 21st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $811.10 million for the quarter. During the same period last year, the business posted $0.10 earnings per share. The business’s revenue for the quarter was up 30.2% on a year-over-year basis. Equities analysts predict that KB Home will post $1.34 earnings per share for the current fiscal year.

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

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

Several large investors recently modified their holdings of KBH. Russell Frank Co boosted its stake in shares of KB Home by 270.2% in the fourth quarter. Russell Frank Co now owns 288,910 shares of the company’s stock worth $3,608,000 after buying an additional 210,873 shares in the last quarter. Rhumbline Advisers boosted 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 in the last quarter. California Public Employees Retirement System boosted its stake in shares of KB Home by 2.1% in the fourth quarter. California Public Employees Retirement System now owns 354,200 shares of the company’s stock worth $4,367,000 after buying an additional 7,400 shares in the last quarter. New York State Common Retirement Fund boosted its stake 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, Marshall Wace LLP bought a new stake in shares of KB Home during the fourth quarter worth $3,825,000.

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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