KB Home (NYSE:KBH) posted its earnings results on Tuesday. The company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.03. KB Home had a return on equity of 5.83% and a net margin of 2.89%. The company had revenue of $913.30 million for the quarter, compared to analyst estimates of $944.14 million. During the same quarter last year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis.

Shares of KB Home (NYSE:KBH) opened at 14.93 on Wednesday. KB Home has a 52-week low of $9.04 and a 52-week high of $16.76. The firm has a 50-day moving average price of $15.47 and a 200-day moving average price of $14.62. The stock has a market capitalization of $1.26 billion, a P/E ratio of 15.28 and a beta of 1.96.

In other KB Home news, insider Jeffrey T. Mezger sold 500,000 shares of the company’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 transaction, the insider now owns 606,716 shares in the company, valued at approximately $9,992,612.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey T. Mezger sold 230,000 shares of the company’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 value of $3,778,900.00. Following the transaction, the chief executive officer now owns 606,716 shares in the company, valued at approximately $9,968,343.88. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its position in KB Home by 2,051.7% in the second quarter. BNP Paribas Arbitrage SA now owns 39,011 shares of the company’s stock worth $593,000 after buying an additional 37,198 shares during the period. Prudential Financial Inc. boosted its stake in shares of KB Home by 1,268.6% in the first quarter. Prudential Financial Inc. now owns 797,468 shares of the company’s stock worth $11,388,000 after buying an additional 739,200 shares in the last quarter. BlackRock Inc. boosted its stake in shares of KB Home by 4.0% in the first quarter. BlackRock Inc. now owns 33,585 shares of the company’s stock worth $480,000 after buying an additional 1,290 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of KB Home by 254.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,212,894 shares of the company’s stock worth $17,320,000 after buying an additional 871,100 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of KB Home by 24.3% in the second quarter. KBC Group NV now owns 110,836 shares of the company’s stock worth $1,686,000 after buying an additional 21,660 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

A number of analysts recently commented on the company. 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 research report on Monday, July 18th. MKM Partners reaffirmed a “hold” rating on shares of KB Home in a research report on Wednesday, June 22nd. Zacks Investment Research raised KB Home from a “sell” rating to a “hold” rating in a research report on Friday, June 17th. Credit Suisse Group AG reaffirmed a “sell” rating on shares of KB Home in a research report on Tuesday, June 28th. Finally, Argus reaffirmed a “hold” rating on shares of KB Home in a research report on Monday, July 18th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $15.33.

About KB Home

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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