KB Home (KBH) Trading Up 4.6%
Shares of KB Home (NYSE:KBH) were up 4.6% during trading on Tuesday . The stock traded as high as $16.22 and last traded at $16.09, with a volume of 2,210,154 shares changing hands. The stock had previously closed at $15.38.
Several equities analysts recently issued reports on the stock. TheStreet raised shares of KB Home from a “hold” rating to a “buy” rating in a research note on Wednesday, June 22nd. Zacks Investment Research raised shares of KB Home from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Monday, May 9th. Argus reissued a “hold” rating on shares of KB Home in a research note on Monday, July 18th. MKM Partners reissued a “hold” rating on shares of KB Home in a research note on Wednesday, June 22nd. Finally, FBR & Co upped their price objective on shares of KB Home from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Wednesday, June 22nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.97.
The stock has a market capitalization of $1.36 billion and a price-to-earnings ratio of 16.51. The firm’s 50 day moving average price is $15.88 and its 200-day moving average price is $14.01.
KB Home (NYSE:KBH) last released its earnings results on Tuesday, June 21st. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm earned $811.10 million during the quarter. KB Home’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 earnings per share. 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 was paid on Thursday, August 18th. Investors of record on Thursday, August 4th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Tuesday, August 2nd.
In related news, CEO Jeffrey T. Mezger sold 230,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 606,716 shares in the company, valued at $9,968,343.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey T. Mezger sold 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $16.47, for a total transaction of $8,235,000.00. Following the sale, the insider now owns 606,716 shares of the company’s stock, valued at $9,992,612.52. The disclosure for this sale can be found here.
Several hedge funds recently bought and sold shares of the company. KBC Group NV bought a new stake in KB Home during the fourth quarter valued at approximately $2,736,000. New York State Common Retirement Fund boosted its stake in 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 valued at $3,146,000 after buying an additional 55,900 shares in the last quarter. Finally, Airain ltd bought a new stake in KB Home during the fourth quarter valued at approximately $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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