Jeff Kaminski Sells 4,928 Shares of KB Home (NYSE:KBH) Stock

KB Home (NYSE:KBHGet Free Report) CFO Jeff Kaminski sold 4,928 shares of KB Home stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $59.86, for a total value of $294,990.08. Following the completion of the transaction, the chief financial officer now owns 38,386 shares in the company, valued at $2,297,785.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

KB Home Stock Up 2.3 %

Shares of NYSE:KBH traded up $1.36 on Thursday, reaching $59.76. The company had a trading volume of 1,628,824 shares, compared to its average volume of 1,350,872. KB Home has a twelve month low of $33.92 and a twelve month high of $64.00. The stock has a 50-day moving average price of $58.63 and a 200 day moving average price of $52.53. The stock has a market capitalization of $4.53 billion, a P/E ratio of 8.49, a P/E/G ratio of 0.73 and a beta of 1.72.

KB Home (NYSE:KBHGet Free Report) last released its quarterly earnings data on Wednesday, January 10th. The construction company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.15. KB Home had a return on equity of 15.63% and a net margin of 9.21%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the company posted $2.47 EPS. The company’s revenue was down 13.9% compared to the same quarter last year. On average, sell-side analysts predict that KB Home will post 7.52 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be given a $0.20 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $0.80 dividend on an annualized basis and a yield of 1.34%. KB Home’s dividend payout ratio (DPR) is presently 11.36%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KBH. Citigroup Inc. increased its holdings in KB Home by 20.9% during the 1st quarter. Citigroup Inc. now owns 109,019 shares of the construction company’s stock valued at $3,530,000 after purchasing an additional 18,818 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of KB Home by 35.5% during the first quarter. Acadian Asset Management LLC now owns 2,169 shares of the construction company’s stock worth $69,000 after purchasing an additional 568 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of KB Home by 39.7% in the first quarter. MetLife Investment Management LLC now owns 96,105 shares of the construction company’s stock valued at $3,112,000 after buying an additional 27,327 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of KB Home by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,411 shares of the construction company’s stock valued at $1,017,000 after buying an additional 2,995 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of KB Home by 7.1% in the first quarter. Great West Life Assurance Co. Can now owns 47,231 shares of the construction company’s stock valued at $1,571,000 after buying an additional 3,140 shares in the last quarter. 91.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KBH has been the topic of a number of recent research reports. Raymond James lifted their target price on KB Home from $61.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Seaport Res Ptn raised KB Home from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. Royal Bank of Canada raised their target price on KB Home from $52.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 11th. UBS Group raised their target price on KB Home from $63.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, StockNews.com initiated coverage on KB Home in a research report on Thursday, October 5th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, KB Home presently has a consensus rating of “Hold” and a consensus target price of $58.18.

Read Our Latest Report on KBH

KB Home Company Profile

(Get Free Report)

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.

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Insider Buying and Selling by Quarter for KB Home (NYSE:KBH)

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