KB Home (NYSE:KBH) EVP Sells $1,218,662.72 in Stock

KB Home (NYSE:KBH) EVP Albert Praw sold 20,284 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $60.08, for a total value of $1,218,662.72. Following the transaction, the executive vice president owned 104,062 shares in the company, valued at approximately $6,252,044.96. This trade represents a 16.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

KB Home Trading Up 0.1%

Shares of KB Home stock opened at $60.73 on Friday. The firm has a fifty day simple moving average of $63.09 and a 200-day simple moving average of $58.17. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 5.17 and a beta of 1.36. KB Home has a 1-year low of $48.90 and a 1-year high of $85.66.

KB Home (NYSE:KBH) last announced its earnings results on Wednesday, September 24th. The construction company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.50 by $0.11. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.59 billion. KB Home had a net margin of 7.92% and a return on equity of 12.91%. The business’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.04 EPS. As a group, research analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, November 13th. KB Home’s payout ratio is currently 13.25%.

Analysts Set New Price Targets

A number of analysts have issued reports on KBH shares. Wells Fargo & Company raised their target price on KB Home from $50.00 to $60.00 and gave the company an “underweight” rating in a report on Tuesday, September 2nd. Zacks Research upgraded shares of KB Home from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th. Evercore ISI set a $65.00 target price on shares of KB Home and gave the stock an “in-line” rating in a research report on Tuesday, October 7th. Wall Street Zen raised shares of KB Home from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of KB Home from $63.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $64.36.

Institutional Investors Weigh In On KB Home

A number of institutional investors have recently bought and sold shares of the business. Sachetta LLC increased its holdings in KB Home by 3,142.9% in the 1st quarter. Sachetta LLC now owns 681 shares of the construction company’s stock valued at $40,000 after buying an additional 660 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of KB Home during the 1st quarter valued at about $40,000. Jones Financial Companies Lllp increased its stake in KB Home by 44.4% in the third quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock valued at $49,000 after acquiring an additional 240 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in KB Home in the second quarter valued at about $44,000. Finally, SBI Securities Co. Ltd. raised its position in KB Home by 2,848.4% in the third quarter. SBI Securities Co. Ltd. now owns 914 shares of the construction company’s stock worth $58,000 after purchasing an additional 883 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

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.