KB Home (NYSE:KBH) CEO Jeffrey T. Mezger sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $36.24, for a total value of $7,248,000.00. Following the completion of the sale, the chief executive officer now owns 1,061,326 shares in the company, valued at approximately $38,462,454.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of KB Home stock opened at $34.17 on Thursday. KB Home has a 12-month low of $16.82 and a 12-month high of $37.40. The stock has a market cap of $2.97 billion, a P/E ratio of 12.12, a P/E/G ratio of 1.37 and a beta of 1.32. The company has a quick ratio of 0.52, a current ratio of 4.82 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $34.31 and its 200-day moving average is $28.56.
KB Home (NYSE:KBH) last announced its quarterly earnings data on Wednesday, September 25th. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. KB Home had a return on equity of 11.18% and a net margin of 5.58%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the business posted $0.87 EPS. The business’s revenue was down 5.3% compared to the same quarter last year. On average, sell-side analysts expect that KB Home will post 2.85 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 28th. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, November 13th. KB Home’s dividend payout ratio is currently 12.77%.
Several equities research analysts have commented on the company. ValuEngine cut KB Home from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. Bank of America boosted their target price on KB Home from $33.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Seaport Global Securities cut KB Home from a “buy” rating to a “neutral” rating in a research note on Monday. Evercore ISI upgraded KB Home from an “in-line” rating to an “outperform” rating and set a $26.74 target price on the stock in a research note on Wednesday, July 17th. Finally, Wells Fargo & Co boosted their target price on KB Home from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.69.
Institutional investors have recently made changes to their positions in the company. Swiss National Bank raised its stake in shares of KB Home by 0.4% during the 2nd quarter. Swiss National Bank now owns 145,600 shares of the construction company’s stock worth $3,746,000 after purchasing an additional 600 shares in the last quarter. Balasa Dinverno & Foltz LLC increased its holdings in shares of KB Home by 4.4% during the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 17,623 shares of the construction company’s stock worth $453,000 after acquiring an additional 739 shares during the last quarter. Marshall Wace North America L.P. increased its holdings in shares of KB Home by 44.7% during the 2nd quarter. Marshall Wace North America L.P. now owns 189,547 shares of the construction company’s stock worth $4,877,000 after acquiring an additional 58,536 shares during the last quarter. United Services Automobile Association increased its holdings in shares of KB Home by 3.2% during the 2nd quarter. United Services Automobile Association now owns 116,293 shares of the construction company’s stock worth $2,992,000 after acquiring an additional 3,630 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of KB Home by 245.3% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 127,339 shares of the construction company’s stock worth $3,277,000 after acquiring an additional 90,459 shares during the last quarter. Institutional investors own 88.43% of the company’s stock.
KB Home Company Profile
KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers.
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