Arthur Reginald Collins Sells 4,000 Shares of KB Home (NYSE:KBH) Stock

KB Home (NYSE:KBH) Director Arthur Reginald Collins sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $56.96, for a total transaction of $227,840.00. Following the sale, the director directly owned 9,157 shares in the company, valued at $521,582.72. This represents a 30.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

KB Home Stock Up 2.9%

Shares of KB Home stock opened at $58.62 on Friday. The firm has a market cap of $3.59 billion, a PE ratio of 20.43, a P/E/G ratio of 9.71 and a beta of 1.35. KB Home has a fifty-two week low of $44.03 and a fifty-two week high of $68.71. The business’s fifty day moving average is $56.18 and its two-hundred day moving average is $55.53.

KB Home (NYSE:KBH) last released its quarterly earnings data on Tuesday, June 23rd. The construction company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. KB Home had a return on equity of 7.67% and a net margin of 4.94%.The company’s quarterly revenue was down 27.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.50 earnings per share. Equities research analysts anticipate that KB Home will post 3.3 EPS for the current year.

KB Home Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently weighed in on KBH shares. Citigroup reissued a “market outperform” rating on shares of KB Home in a report on Wednesday, June 17th. Citizens Jmp reissued a “market outperform” rating and set a $77.00 target price on shares of KB Home in a research note on Wednesday, June 24th. Zacks Research raised KB Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $53.00 price objective on shares of KB Home in a research note on Wednesday, June 24th. Finally, Weiss Ratings upgraded shares of KB Home from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, KB Home presently has an average rating of “Hold” and a consensus price target of $60.17.

Institutional Investors Weigh In On KB Home

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eastern Bank acquired a new stake in shares of KB Home during the 2nd quarter valued at $26,000. Bessemer Group Inc. increased its stake in shares of KB Home by 80.0% in the first quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock worth $26,000 after acquiring an additional 220 shares during the last quarter. First Horizon Corp raised its holdings in shares of KB Home by 178.9% during the fourth quarter. First Horizon Corp now owns 502 shares of the construction company’s stock worth $28,000 after acquiring an additional 322 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of KB Home by 73.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after acquiring an additional 250 shares in the last quarter. Finally, Fulcrum Asset Management LLP acquired a new stake in KB Home during the third quarter valued at $36,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Company Profile

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.