KB Home (KBH) Insider Sells $12,412,475.46 in Stock

KB Home (NYSE:KBH) insider Jeffrey T. Mezger sold 489,258 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $25.37, for a total transaction of $12,412,475.46. Following the completion of the transaction, the insider now owns 1,056,532 shares of the company’s stock, valued at $26,804,216.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE KBH opened at $25.56 on Thursday. KB Home has a 12 month low of $16.82 and a 12 month high of $29.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 5.37. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 1.17 and a beta of 1.57.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, March 26th. The construction company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.06. KB Home had a net margin of 6.05% and a return on equity of 13.34%. The firm had revenue of $811.50 million for the quarter, compared to the consensus estimate of $828.56 million. During the same period in the prior year, the firm posted $2.12 EPS. The firm’s revenue was down 6.9% compared to the same quarter last year. On average, research analysts expect that KB Home will post 2.63 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd will be paid a dividend of $0.025 per share. The ex-dividend date is Wednesday, May 1st. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. KB Home’s dividend payout ratio (DPR) is 35.46%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DAVENPORT & Co LLC acquired a new stake in shares of KB Home during the first quarter worth $282,000. Meeder Asset Management Inc. raised its stake in shares of KB Home by 2,063.1% during the 1st quarter. Meeder Asset Management Inc. now owns 30,803 shares of the construction company’s stock valued at $745,000 after purchasing an additional 29,379 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in shares of KB Home during the 1st quarter valued at $270,000. Liberty Wealth Management LLC purchased a new position in KB Home during the fourth quarter worth about $25,000. Finally, American Century Companies Inc. grew its position in KB Home by 22.7% during the fourth quarter. American Century Companies Inc. now owns 407,780 shares of the construction company’s stock worth $7,789,000 after buying an additional 75,313 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Several brokerages have recently weighed in on KBH. ValuEngine upgraded shares of KB Home from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. upgraded shares of KB Home from an “underweight” rating to a “neutral” rating and upped their target price for the company from $20.50 to $23.00 in a research note on Wednesday, April 10th. Zacks Investment Research downgraded shares of KB Home from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Credit Suisse Group upped their target price on shares of KB Home from $17.00 to $20.00 and gave the company an “underperform” rating in a research note on Wednesday, March 27th. Finally, Buckingham Research upped their target price on shares of KB Home from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $24.92.

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About KB Home

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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