KB Home (NYSE:KBH – Get Free Report) EVP Brian J. Woram sold 40,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $52.80, for a total value of $2,112,000.00. Following the transaction, the executive vice president now owns 158,654 shares of the company’s stock, valued at approximately $8,376,931.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

KB Home Stock Down 5.8 %

Shares of NYSE KBH traded down $3.01 during trading hours on Thursday, reaching $48.47. 2,542,864 shares of the stock traded hands, compared to its average volume of 1,665,088. The company has a market capitalization of $3.91 billion, a P/E ratio of 5.56, a price-to-earnings-growth ratio of 1.20 and a beta of 1.67. KB Home has a 52-week low of $25.31 and a 52-week high of $55.37. The company’s 50-day simple moving average is $52.22 and its two-hundred day simple moving average is $44.35.

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KB Home (NYSE:KBH – Get Free Report) last posted its quarterly earnings results on Wednesday, June 21st. The construction company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.61. KB Home had a return on equity of 20.85% and a net margin of 10.98%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company earned $2.32 EPS. KB Home’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, sell-side analysts forecast that KB Home will post 6.29 earnings per share for the current fiscal year.

KB Home Increases Dividend

Analyst Upgrades and Downgrades

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.65%. This is a positive change from KB Home’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, August 2nd. KB Home’s dividend payout ratio (DPR) is presently 9.17%.

KBH has been the topic of a number of recent research reports. Credit Suisse Group increased their price objective on KB Home from $42.00 to $51.00 in a report on Thursday, June 22nd. Raymond James raised KB Home from a “market perform” rating to an “outperform” rating and set a $61.00 price objective on the stock in a report on Friday, July 14th. Wolfe Research increased their price objective on KB Home from $29.00 to $43.00 in a report on Thursday, June 22nd. Barclays increased their price objective on KB Home from $51.00 to $56.00 in a report on Wednesday, May 24th. Finally, StockNews.com began coverage on KB Home in a report on Thursday. They issued a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $52.27.

Check Out Our Latest Analysis on KBH

Hedge Funds Weigh In On KB Home

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Neo Ivy Capital Management bought a new position in KB Home during the 2nd quarter worth approximately $135,000. GTS Securities LLC bought a new position in KB Home during the 2nd quarter worth approximately $3,154,000. Blueshift Asset Management LLC bought a new position in KB Home during the 2nd quarter worth approximately $328,000. State of Tennessee Treasury Department bought a new stake in shares of KB Home in the 2nd quarter worth approximately $2,206,000. Finally, Jupiter Wealth Management LLC grew its position in shares of KB Home by 257.7% in the 2nd quarter. Jupiter Wealth Management LLC now owns 18,600 shares of the construction company’s stock worth $962,000 after buying an additional 13,400 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors.

About KB Home

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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.

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