Albert Praw Sells 22,015 Shares of KB Home (NYSE:KBH) Stock

KB Home (NYSE:KBH) EVP Albert Praw sold 22,015 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $58.70, for a total transaction of $1,292,280.50. Following the completion of the transaction, the executive vice president directly owned 104,062 shares of the company’s stock, valued at approximately $6,108,439.40. This represents a 17.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

KB Home Stock Performance

Shares of NYSE KBH opened at $58.62 on Friday. KB Home has a 1 year low of $44.03 and a 1 year high of $68.71. The firm’s 50 day moving average price is $56.18 and its 200 day moving average price is $55.53. The firm has a market cap of $3.59 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 9.71 and a beta of 1.35.

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

KB Home Announces Dividend

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

Institutional Investors Weigh In On KB Home

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vista Investment Management raised its holdings in shares of KB Home by 3.5% during the 4th quarter. Vista Investment Management now owns 5,117 shares of the construction company’s stock valued at $289,000 after buying an additional 175 shares during the period. Bessemer Group Inc. grew its position in KB Home by 80.0% in the first quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock valued at $26,000 after acquiring an additional 220 shares in the last quarter. Parkside Financial Bank & Trust grew its position in KB Home by 73.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after acquiring an additional 250 shares in the last quarter. Nebula Research & Development LLC raised its stake in shares of KB Home by 6.3% during the second quarter. Nebula Research & Development LLC now owns 4,402 shares of the construction company’s stock valued at $233,000 after purchasing an additional 262 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of KB Home by 5.5% during the third quarter. Envestnet Asset Management Inc. now owns 5,299 shares of the construction company’s stock valued at $337,000 after purchasing an additional 274 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Wall Street Analyst Weigh In

KBH has been the topic of a number of research analyst reports. Wall Street Zen raised KB Home from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Citizens Jmp reaffirmed a “market outperform” rating and set a $77.00 price objective on shares of KB Home in a research note on Wednesday, June 24th. Wells Fargo & Company increased their price objective on shares of KB Home from $50.00 to $52.00 and gave the stock an “underweight” rating in a report on Wednesday, June 24th. UBS Group raised their target price on shares of KB Home from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Finally, Barclays boosted their target price on shares of KB Home from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, KB Home currently has an average rating of “Hold” and a consensus target price of $60.17.

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.