KB Home (NYSE:KBH) CFO Sells $1,891,175.00 in Stock

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

KB Home Stock Performance

KB Home stock traded down $1.68 during midday trading on Monday, hitting $65.42. The company's stock had a trading volume of 1,473,425 shares, compared to its average volume of 1,608,068. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. KB Home has a 1-year low of $58.15 and a 1-year high of $89.70. The company has a 50-day moving average price of $70.62 and a two-hundred day moving average price of $77.73. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 0.97 and a beta of 1.86.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the company earned $1.85 EPS. The company's revenue was up 19.5% on a year-over-year basis. As a group, sell-side analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, February 6th. KB Home's dividend payout ratio (DPR) is presently 11.81%.

Hedge Funds Weigh In On KB Home

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KBH shares. Evercore ISI upped 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. Barclays dropped their target price on KB Home from $85.00 to $60.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods cut their price target on KB Home from $85.00 to $76.00 and set a "market perform" rating for the company in a report on Friday, January 17th. Wells Fargo & Company reduced their price objective on KB Home from $70.00 to $65.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 28th. Finally, Raymond James reaffirmed 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. 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $76.21.

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.