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

KB Home (NYSE:KBH) CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the sale, the chief financial officer now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

KB Home Trading Up 2.5 %

KBH opened at $68.80 on Friday. The company has a market cap of $5.05 billion, a P/E ratio of 8.12, a PEG ratio of 0.93 and a beta of 1.86. The company’s 50 day moving average is $71.05 and its 200-day moving average is $77.91. KB Home has a 1-year low of $58.15 and a 1-year high of $89.70.

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

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be issued a $0.25 dividend. The ex-dividend date is Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.45%. KB Home’s payout ratio is presently 11.81%.

Institutional Trading of KB Home

Hedge funds have recently made changes to their positions in the company. FMR LLC increased its stake in shares of KB Home by 47.9% in the third quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock valued at $463,690,000 after buying an additional 1,752,498 shares during the period. State Street Corp increased its position in KB Home by 1.3% in the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock valued at $303,285,000 after acquiring an additional 45,311 shares during the period. Fisher Asset Management LLC raised its stake in shares of KB Home by 3.4% during the third quarter. Fisher Asset Management LLC now owns 2,206,172 shares of the construction company’s stock valued at $189,047,000 after acquiring an additional 73,051 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of KB Home by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock worth $166,125,000 after purchasing an additional 16,593 shares during the period. Finally, Holocene Advisors LP acquired a new position in shares of KB Home during the third quarter worth $89,899,000. 96.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Evercore ISI lifted their target price on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Bank of America cut their price objective on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a report on Monday. Keefe, Bruyette & Woods lowered their target price on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a report on Friday, January 17th. Raymond James reiterated an “outperform” rating and issued a $80.00 price target (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Finally, Barclays lowered their price objective on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $76.21.

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.