Jeff Kaminski Sells 27,500 Shares of KB Home (NYSE:KBH) Stock

KB Home (NYSE:KBH) CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

KB Home Trading Down 2.5 %

KBH opened at $67.07 on Friday. KB Home has a 1-year low of $58.15 and a 1-year high of $89.70. The company has a current ratio of 5.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.42. The company has a market cap of $4.84 billion, a P/E ratio of 7.92, a price-to-earnings-growth ratio of 0.97 and a beta of 1.86. The company has a fifty day moving average price of $70.87 and a two-hundred day moving average price of $77.84.

KB Home (NYSE:KBH) last posted its earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.44 by $0.08. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 earnings per share. Analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, February 6th. KB Home’s payout ratio is presently 11.81%.

Institutional Investors Weigh In On KB Home

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its position in shares of KB Home by 0.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock worth $1,842,000 after acquiring an additional 161 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of KB Home by 0.9% during the second quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock worth $1,304,000 after acquiring an additional 162 shares in the last quarter. Principal Securities Inc. increased its position in shares of KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after acquiring an additional 179 shares in the last quarter. CWM LLC boosted its holdings in KB Home by 10.2% during the third quarter. CWM LLC now owns 1,975 shares of the construction company’s stock worth $169,000 after purchasing an additional 183 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in KB Home by 15.3% during the fourth quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock worth $96,000 after purchasing an additional 194 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on KBH shares. JPMorgan Chase & Co. cut their price target on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company lowered their target price on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a research note on Tuesday. Raymond James reissued an “outperform” rating and set a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and lowered their target price for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Finally, Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, KB Home has an average rating of “Hold” and an average price target of $76.21.

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.