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

KB Home (NYSE:KBH - Get Free Report) CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

KB Home Trading Up 2.3 %

KB Home stock traded up $1.87 during midday trading on Wednesday, hitting $84.31. 933,405 shares of the stock were exchanged, compared to its average volume of 1,248,374. The stock's 50-day simple moving average is $82.69 and its 200 day simple moving average is $74.87. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $89.70. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 0.69 and a beta of 1.81.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.02). The firm had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The business's quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the company earned $1.80 EPS. Equities analysts anticipate that KB Home will post 8.41 EPS for the current fiscal year.

KB Home Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wells Fargo & Company lowered shares of KB Home from an "equal weight" rating to an "underweight" rating and lifted their target price for the company from $80.00 to $83.00 in a research report on Monday, October 7th. Bank of America boosted their price objective on KB Home from $75.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, September 19th. Wedbush increased their target price on KB Home from $67.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. Royal Bank of Canada lowered KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 price target on the stock. in a research note on Thursday, September 5th. Finally, Evercore ISI boosted their price target on KB Home from $86.00 to $89.00 and gave the stock an "outperform" rating in a research report on Monday, July 15th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $77.50.

Hedge Funds Weigh In On KB Home

Several large investors have recently modified their holdings of KBH. Capstone Investment Advisors LLC purchased a new stake in KB Home in the 1st quarter valued at about $935,000. Hancock Whitney Corp lifted its holdings in shares of KB Home by 311.0% in the 1st quarter. Hancock Whitney Corp now owns 16,219 shares of the construction company's stock worth $1,150,000 after acquiring an additional 12,273 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of KB Home during the 1st quarter worth approximately $1,078,000. Entropy Technologies LP purchased a new position in shares of KB Home during the 1st quarter worth approximately $640,000. Finally, FCF Advisors LLC increased its holdings in KB Home by 102.9% in the 1st quarter. FCF Advisors LLC now owns 21,882 shares of the construction company's stock valued at $1,551,000 after purchasing an additional 11,099 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.

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.