KB Home (NYSE:KBH) CFO Jeff Kaminski Sells 27,500 Shares

KB Home (NYSE:KBH) CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

KB Home Trading Up 2.5 %

Shares of KBH stock opened at $68.80 on Friday. The firm has a fifty day simple moving average of $71.05 and a two-hundred day simple moving average of $77.91. KB Home has a 12 month low of $58.15 and a 12 month high of $89.70. The firm has a market capitalization of $5.05 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 0.93 and a beta of 1.86.

KB Home (NYSE:KBH) last posted its earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities analysts predict that KB Home will post 8.5 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Wall Street Analyst Weigh In

KBH has been the subject of a number of analyst reports. Raymond James reissued an “outperform” rating and set a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Seaport Res Ptn raised KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Royal Bank of Canada upgraded KB Home from an “underperform” rating to a “sector perform” rating and cut their target price for the company from $70.00 to $67.00 in a research report on Friday, January 10th. Bank of America lowered their target price on KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a report on Monday. Finally, Evercore ISI increased their price target on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $76.21.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Financial Management Professionals Inc. purchased a new stake in KB Home in the 3rd quarter valued at $32,000. Riggs Asset Managment Co. Inc. purchased a new stake in shares of KB Home in the third quarter valued at about $43,000. Principal Securities Inc. lifted its position in shares of KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after purchasing an additional 179 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in KB Home during the third quarter worth about $59,000. Finally, Banque Cantonale Vaudoise bought a new stake in KB Home in the 3rd quarter worth about $61,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

About KB Home

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.