KB Home (NYSE:KBH) Director Arthur Reginald Collins Sells 4,000 Shares of Stock

KB Home (NYSE:KBH) Director Arthur Reginald Collins sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $56.96, for a total transaction of $227,840.00. Following the completion of the transaction, the director directly owned 9,157 shares of the company’s stock, valued at approximately $521,582.72. The trade was a 30.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

KB Home Price Performance

Shares of KB Home stock opened at $58.62 on Friday. KB Home has a 1-year low of $44.03 and a 1-year high of $68.71. The company has a market capitalization of $3.59 billion, a PE ratio of 20.43, a P/E/G ratio of 9.44 and a beta of 1.35. The business has a 50-day moving average of $56.18 and a 200-day moving average of $55.53.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). KB Home had a return on equity of 7.67% and a net margin of 4.94%.The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm posted $1.50 EPS. The company’s revenue was down 27.3% compared to the same quarter last year. On average, equities analysts expect that KB Home will post 3.3 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, August 6th. KB Home’s dividend payout ratio (DPR) is currently 34.84%.

Institutional Trading of KB Home

Several institutional investors have recently made changes to their positions in the stock. United Services Automobile Association acquired a new position in KB Home in the 1st quarter valued at approximately $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of KB Home by 5.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,525 shares of the construction company’s stock valued at $13,108,000 after acquiring an additional 11,103 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of KB Home by 23.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,530 shares of the construction company’s stock valued at $134,000 after acquiring an additional 482 shares in the last quarter. Marshall Wace LLP increased its stake in shares of KB Home by 341.2% in the second quarter. Marshall Wace LLP now owns 86,667 shares of the construction company’s stock worth $4,591,000 after acquiring an additional 67,023 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of KB Home in the second quarter worth $711,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KBH. UBS Group increased their price objective on KB Home from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Citizens Jmp restated a “market outperform” rating and set a $77.00 price target on shares of KB Home in a report on Wednesday, June 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $53.00 price objective on shares of KB Home in a research note on Wednesday, June 24th. Weiss Ratings raised shares of KB Home from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 13th. Finally, Truist Financial increased their target price on KB Home from $50.00 to $56.00 and gave the company a “hold” rating in a report on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $60.17.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.