Insider Selling: KB Home (NYSE:KBH) Director Sells $227,840.00 in Stock

KB Home (NYSE:KBHGet Free Report) Director Arthur Reginald Collins sold 4,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $56.96, for a total transaction of $227,840.00. Following the completion of the sale, the director owned 9,157 shares of the company’s stock, valued at approximately $521,582.72. This trade represents a 30.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

KB Home Stock Up 0.1%

KB Home stock opened at $58.62 on Monday. KB Home has a 52 week low of $44.03 and a 52 week high of $68.71. The company’s 50 day moving average price is $56.18 and its two-hundred day moving average price is $55.49. The stock has a market cap of $3.59 billion, a P/E ratio of 20.43, a P/E/G ratio of 9.71 and a beta of 1.35.

KB Home (NYSE:KBHGet Free Report) last released its earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. KB Home had a net margin of 4.94% and a return on equity of 7.67%. The business’s revenue was down 27.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.50 earnings per share. On average, equities analysts anticipate that KB Home will post 3.3 EPS for the current year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, August 6th. KB Home’s dividend payout ratio is 34.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on KBH shares. Citigroup reiterated a “market outperform” rating on shares of KB Home in a research note on Wednesday, June 17th. Citizens Jmp restated a “market outperform” rating and set a $77.00 price target on shares of KB Home in a research report on Wednesday, June 24th. Barclays raised their price objective on shares of KB Home from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Zacks Research upgraded shares of KB Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Wells Fargo & Company increased their target price on shares of KB Home from $50.00 to $52.00 and gave the company an “underweight” rating in a research report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $60.17.

Get Our Latest Stock Report on KBH

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KBH. United Services Automobile Association purchased a new stake in KB Home during the first quarter valued at about $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of KB Home by 5.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,525 shares of the construction company’s stock valued at $13,108,000 after purchasing an additional 11,103 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of KB Home by 23.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,530 shares of the construction company’s stock valued at $134,000 after purchasing an additional 482 shares during the period. Marshall Wace LLP lifted its stake in shares of KB Home by 341.2% during the 2nd quarter. Marshall Wace LLP now owns 86,667 shares of the construction company’s stock valued at $4,591,000 after buying an additional 67,023 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of KB Home during the 2nd quarter valued at approximately $711,000. Institutional investors own 96.09% of the company’s stock.

KB Home Company Profile

(Get Free Report)

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.

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