Arthur Reginald Collins Sells 5,000 Shares of KB Home (NYSE:KBH) Stock

KB Home (NYSE:KBH) Director Arthur Reginald Collins sold 5,000 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $54.38, for a total transaction of $271,900.00. Following the sale, the director now owns 10,262 shares of the company’s stock, valued at approximately $558,047.56. The trade was a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

KB Home Price Performance

Shares of KB Home stock opened at $54.96 on Friday. The business has a 50 day moving average of $55.52 and a 200 day moving average of $65.05. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70. The company has a market cap of $3.94 billion, a PE ratio of 6.49, a P/E/G ratio of 0.90 and a beta of 1.45. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, equities research analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Thursday, May 8th. KB Home’s payout ratio is currently 12.20%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KBH shares. Keefe, Bruyette & Woods dropped their target price on KB Home from $76.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday, March 26th. UBS Group lowered their price objective on KB Home from $97.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. StockNews.com cut shares of KB Home from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. The Goldman Sachs Group decreased their target price on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Finally, Barclays lowered their price target on shares of KB Home from $60.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.23.

Institutional Trading of KB Home

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC grew its holdings in shares of KB Home by 24.5% during the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock worth $16,816,000 after acquiring an additional 38,638 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of KB Home by 7.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 27,843 shares of the construction company’s stock valued at $1,830,000 after purchasing an additional 1,890 shares in the last quarter. Burney Co. bought a new stake in shares of KB Home during the fourth quarter valued at approximately $230,000. Mirador Capital Partners LP purchased a new stake in KB Home in the fourth quarter worth $239,000. Finally, Hennessy Advisors Inc. bought a new position in KB Home in the fourth quarter worth $44,118,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

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.