KB Home (NYSE:KBH) SVP Sells $1,331,221.95 in Stock
KB Home (NYSE:KBH) SVP William R. Hollinger sold 57,405 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $23.19, for a total transaction of $1,331,221.95. Following the completion of the transaction, the senior vice president now directly owns 214,306 shares of the company’s stock, valued at $4,969,756.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
KB Home (NYSE KBH) traded up 0.89% during midday trading on Friday, hitting $22.70. 1,476,652 shares of the stock were exchanged. The company has a market cap of $1.94 billion, a PE ratio of 17.49 and a beta of 1.62. The firm’s 50 day moving average price is $23.38 and its 200 day moving average price is $20.43. KB Home has a 12 month low of $14.06 and a 12 month high of $24.37.
KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, June 27th. The construction company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $929.85 million. KB Home had a net margin of 3.13% and a return on equity of 7.11%. KB Home’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 EPS. On average, equities research analysts forecast that KB Home will post $1.71 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $0.10 annualized dividend and a dividend yield of 0.44%. KB Home’s dividend payout ratio (DPR) is presently 7.69%.
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A number of research firms recently issued reports on KBH. BidaskClub downgraded shares of KB Home from a “strong-buy” rating to a “buy” rating in a research note on Friday. Barclays PLC downgraded shares of KB Home to a “sell” rating in a research note on Tuesday, July 11th. Mizuho downgraded shares of KB Home from a “neutral” rating to an “underperform” rating and set a $21.00 price target for the company. in a research note on Monday, July 10th. Deutsche Bank AG increased their price target on shares of KB Home from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, June 30th. Finally, MKM Partners raised shares of KB Home to a “hold” rating and increased their price target for the stock from $20.00 to $24.00 in a research note on Tuesday, June 27th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.63.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning raised its position in KB Home by 34.9% in the second quarter. Creative Planning now owns 4,289 shares of the construction company’s stock valued at $103,000 after buying an additional 1,110 shares during the period. Flinton Capital Management LLC raised its position in KB Home by 22.6% in the first quarter. Flinton Capital Management LLC now owns 5,542 shares of the construction company’s stock valued at $110,000 after buying an additional 1,020 shares during the period. LS Investment Advisors LLC raised its position in KB Home by 18.0% in the second quarter. LS Investment Advisors LLC now owns 6,511 shares of the construction company’s stock valued at $156,000 after buying an additional 991 shares during the period. Envestnet Asset Management Inc. raised its position in KB Home by 10.5% in the first quarter. Envestnet Asset Management Inc. now owns 6,749 shares of the construction company’s stock valued at $134,000 after buying an additional 639 shares during the period. Finally, Victory Capital Management Inc. raised its position in KB Home by 40.2% in the first quarter. Victory Capital Management Inc. now owns 7,047 shares of the construction company’s stock valued at $140,000 after buying an additional 2,020 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s stock.
KB Home Company Profile
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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