KB Home (KBH) Trading 4.6% Higher
KB Home (NYSE:KBH)’s share price traded up 4.6% during mid-day 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 traded. The stock had previously closed at $15.38.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of KB Home from a “buy” rating to a “sell” rating in a research note on Wednesday. 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 on the stock. in a research report on Monday, July 18th. Credit Suisse Group AG reissued a “sell” rating on shares of KB Home in a research report on Tuesday, June 28th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $15.00 target price (up from $14.00) on shares of KB Home in a research report on Sunday, June 26th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. KB Home presently has a consensus rating of “Hold” and an average target price of $14.97.
The stock has a market capitalization of $1.34 billion and a price-to-earnings ratio of 16.25. The firm has a 50 day moving average price of $15.90 and a 200 day moving average price of $14.07.
KB Home (NYSE:KBH) last posted its earnings results on Tuesday, June 21st. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $811.10 million for the quarter. During the same period last year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was up 30.2% compared to the same quarter last year. On average, equities analysts anticipate that KB Home will post $1.34 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Stockholders of record on Thursday, August 4th were paid a dividend of $0.025 per share. The ex-dividend date was Tuesday, August 2nd. This represents a $0.10 annualized dividend and a dividend yield of 0.63%.
In other news, CEO Jeffrey T. Mezger sold 110,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 606,716 shares of the company’s stock, valued at approximately $9,944,075.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey T. Mezger sold 230,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The stock was 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 $9,968,343.88. The disclosure for this sale can be found here.
Several institutional investors have modified their holdings of KBH. Airain ltd acquired a new position in shares of KB Home during the fourth quarter valued at $3,271,000. KBC Group NV bought a new stake in KB Home during the fourth quarter valued at approximately $2,736,000. Finally, New York State Common Retirement Fund increased 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 during the last quarter.
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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