KB Home (NYSE:KBH) CFO Sells $2,183,500.00 in Stock

KB Home (NYSE:KBH) CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $2,737,156.20. The trade was a 0.00 % 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 Stock Performance

Shares of KBH traded up $1.87 during midday trading on Wednesday, hitting $84.31. 933,405 shares of the stock traded hands, compared to its average volume of 1,247,443. The business’s 50 day moving average price is $82.55 and its two-hundred day moving average price is $74.81. The firm has a market capitalization of $6.34 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 0.69 and a beta of 1.81. KB Home has a 1-year low of $42.11 and a 1-year high of $89.70.

KB Home (NYSE:KBH) last posted its earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.02). KB Home had a return on equity of 15.69% and a net margin of 9.31%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the company posted $1.80 EPS. KB Home’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, equities research analysts forecast that KB Home will post 8.41 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.19%. The ex-dividend date is Thursday, November 14th. KB Home’s dividend payout ratio is currently 13.23%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC bought a new stake in KB Home during the first quarter worth approximately $60,000. Plato Investment Management Ltd increased its position in shares of KB Home by 72.0% during the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock valued at $77,000 after purchasing an additional 452 shares during the period. Tortoise Investment Management LLC raised its stake in shares of KB Home by 625.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after buying an additional 963 shares in the last quarter. Manchester Capital Management LLC raised its stake in shares of KB Home by 134.4% in the 1st quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock worth $81,000 after buying an additional 652 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of KB Home in the first quarter valued at $120,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on KBH shares. The Goldman Sachs Group lifted their price target on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Wedbush upped their target price on shares of KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Evercore ISI lifted their price target on KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Bank of America upped their price objective on KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Finally, Keefe, Bruyette & Woods lifted their target price on KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $77.50.

KB Home Company Profile

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.