Brian J. Woram Sells 49,529 Shares of KB Home (KBH) Stock
KB Home (NYSE:KBH) EVP Brian J. Woram sold 49,529 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $27.11, for a total transaction of $1,342,731.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
KB Home (KBH) opened at 27.17 on Wednesday. KB Home has a 12 month low of $14.06 and a 12 month high of $27.67. The firm has a market cap of $2.35 billion, a P/E ratio of 19.46 and a beta of 1.54. The company’s 50-day moving average is $22.81 and its 200 day moving average is $22.12.
KB Home (NYSE:KBH) last released its earnings results on Thursday, September 28th. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. Equities research analysts expect that KB Home will post $1.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Wednesday, November 1st. KB Home’s dividend payout ratio (DPR) is currently 7.19%.
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KBH has been the topic of several analyst reports. Credit Suisse Group initiated coverage on shares of KB Home in a report on Thursday, June 22nd. They issued a “neutral” rating and a $23.00 target price on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $25.00 target price (up previously from $22.00) on shares of KB Home in a report on Friday, June 23rd. Bank of America Corporation upped their target price on shares of KB Home from $17.00 to $19.00 and gave the stock an “underperform” rating in a report on Wednesday, June 28th. MKM Partners raised shares of KB Home to a “hold” rating and upped their target price for the stock from $20.00 to $24.00 in a report on Tuesday, June 27th. Finally, Barclays PLC reaffirmed a “sell” rating and issued a $17.00 target price on shares of KB Home in a report on Friday, June 30th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. KB Home currently has a consensus rating of “Hold” and an average target price of $21.93.
Several large investors have recently added to or reduced their stakes in KBH. Russell Investments Group Ltd. grew its holdings in shares of KB Home by 1,401.0% during the first quarter. Russell Investments Group Ltd. now owns 79,900 shares of the construction company’s stock worth $1,588,000 after purchasing an additional 74,577 shares during the last quarter. Swiss National Bank grew its holdings in shares of KB Home by 1.7% during the first quarter. Swiss National Bank now owns 125,700 shares of the construction company’s stock worth $2,499,000 after purchasing an additional 2,100 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of KB Home by 51.4% during the first quarter. UBS Asset Management Americas Inc. now owns 57,232 shares of the construction company’s stock worth $1,138,000 after purchasing an additional 19,430 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of KB Home by 22.4% during the first quarter. Parametric Portfolio Associates LLC now owns 120,552 shares of the construction company’s stock worth $2,397,000 after purchasing an additional 22,050 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of KB Home by 10.5% during the first quarter. Envestnet Asset Management Inc. now owns 6,749 shares of the construction company’s stock worth $134,000 after purchasing an additional 639 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.
About KB Home
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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