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

KB Home (NYSE:KBH) CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

KB Home Stock Performance

Shares of KBH stock traded up $1.68 on Thursday, hitting $68.80. The company had a trading volume of 907,247 shares, compared to its average volume of 1,627,802. The stock’s 50-day moving average is $71.05 and its two-hundred day moving average is $77.91. The firm has a market cap of $5.05 billion, a P/E ratio of 8.12, a P/E/G ratio of 0.93 and a beta of 1.86. KB Home has a twelve month low of $58.15 and a twelve month high of $89.70.

KB Home (NYSE:KBH) last released 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 business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.85 EPS. Equities research analysts predict 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. Investors of record on Thursday, February 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.45%. KB Home’s payout ratio is 11.81%.

Institutional Trading of KB Home

A number of institutional investors have recently bought and sold shares of the company. FMR LLC boosted its stake in 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 acquiring an additional 1,752,498 shares in the last quarter. Holocene Advisors LP bought a new stake in KB Home in the 3rd quarter valued at about $89,899,000. Hennessy Advisors Inc. bought a new stake in KB Home in the 4th quarter valued at about $44,118,000. Charles Schwab Investment Management Inc. raised its stake in KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after buying an additional 164,010 shares during the period. Finally, Empowered Funds LLC boosted its holdings in KB Home by 201.8% in the third quarter. Empowered Funds LLC now owns 216,645 shares of the construction company’s stock worth $18,564,000 after acquiring an additional 144,854 shares in the last quarter. Institutional investors own 96.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KBH shares. Raymond James reiterated an “outperform” rating and set a $80.00 price target (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Bank of America decreased their price target on KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday. Wells Fargo & Company dropped their price objective on KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a research report on Tuesday. Barclays decreased their target price on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, KB Home currently 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.