KB Home (NYSE:KBH - Get Free Report) CFO Jeff Kaminski sold 38,386 shares of the company's stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total value of $2,554,972.16. Following the transaction, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at $2,294,522.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Jeff Kaminski also recently made the following trade(s):
- On Wednesday, January 24th, Jeff Kaminski sold 4,928 shares of KB Home stock. The stock was sold at an average price of $59.86, for a total value of $294,990.08.
KB Home Stock Up 1.6 %
Shares of NYSE:KBH opened at $64.78 on Friday. The business has a fifty day moving average of $65.70 and a two-hundred day moving average of $57.86. The stock has a market cap of $4.91 billion, a P/E ratio of 8.81, a PEG ratio of 0.72 and a beta of 1.73. KB Home has a 52-week low of $38.65 and a 52-week high of $72.00.
KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.19. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.46 billion. KB Home had a return on equity of 15.78% and a net margin of 9.29%. The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.45 EPS. On average, equities analysts anticipate that KB Home will post 8.01 earnings per share for the current year.
KB Home Announces Dividend
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The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, February 7th. KB Home's dividend payout ratio (DPR) is presently 10.88%.
Hedge Funds Weigh In On KB Home
Several large investors have recently modified their holdings of KBH. Citigroup Inc. lifted its stake in shares of KB Home by 20.9% in the 1st quarter. Citigroup Inc. now owns 109,019 shares of the construction company's stock valued at $3,530,000 after purchasing an additional 18,818 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of KB Home by 35.5% in the 1st quarter. Acadian Asset Management LLC now owns 2,169 shares of the construction company's stock valued at $69,000 after purchasing an additional 568 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of KB Home by 39.7% in the 1st quarter. MetLife Investment Management LLC now owns 96,105 shares of the construction company's stock valued at $3,112,000 after purchasing an additional 27,327 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of KB Home by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,411 shares of the construction company's stock valued at $1,017,000 after purchasing an additional 2,995 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in shares of KB Home by 7.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 47,231 shares of the construction company's stock valued at $1,571,000 after purchasing an additional 3,140 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on KBH shares. The Goldman Sachs Group upped their target price on KB Home from $61.00 to $70.00 and gave the stock a "neutral" rating in a research note on Friday, March 22nd. Raymond James upped their target price on KB Home from $61.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, January 18th. UBS Group upped their target price on KB Home from $82.00 to $87.00 and gave the stock a "buy" rating in a research note on Thursday, March 21st. Wedbush boosted their price target on KB Home from $60.00 to $64.00 and gave the stock a "neutral" rating in a research report on Thursday, March 21st. Finally, Keefe, Bruyette & Woods boosted their price target on KB Home from $67.00 to $77.00 and gave the stock a "market perform" rating in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, KB Home has an average rating of "Hold" and an average target price of $66.11.
Read Our Latest Analysis on KB Home
KB Home Company Profile
(
Get Free Report)
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.
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