KB Home (NYSE:KBH) SVP Thomas F. Norton Sells 47,179 Shares

KB Home (NYSE:KBH) SVP Thomas F. Norton sold 47,179 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $30.32, for a total transaction of $1,430,467.28. Following the transaction, the senior vice president now directly owns 103,562 shares in the company, valued at $3,139,999.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of KB Home (NYSE:KBH) traded down $0.39 on Thursday, reaching $30.19. 1,069,429 shares of the company were exchanged, compared to its average volume of 3,047,106. KB Home has a 12-month low of $16.68 and a 12-month high of $38.80. The company has a quick ratio of 1.22, a current ratio of 5.36 and a debt-to-equity ratio of 1.21. The company has a market cap of $2,660.00, a price-to-earnings ratio of 16.50, a PEG ratio of 0.78 and a beta of 1.48.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.07. KB Home had a net margin of 4.13% and a return on equity of 9.93%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the firm posted $0.40 EPS. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. research analysts anticipate that KB Home will post 2.61 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be given a dividend of $0.025 per share. The ex-dividend date is Wednesday, February 7th. This represents a $0.10 annualized dividend and a dividend yield of 0.33%. KB Home’s dividend payout ratio (DPR) is 5.46%.

Several research firms recently issued reports on KBH. UBS Group began coverage on shares of KB Home in a report on Wednesday, October 25th. They issued a “sell” rating and a $24.00 price target on the stock. Royal Bank of Canada reaffirmed a “hold” rating and issued a $31.00 price target on shares of KB Home in a report on Wednesday, November 15th. Zacks Investment Research cut shares of KB Home from a “buy” rating to a “hold” rating in a report on Monday, December 4th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $27.00 target price (up from $25.50) on shares of KB Home in a report on Tuesday, December 19th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 target price on shares of KB Home in a report on Friday, December 22nd. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. KB Home has a consensus rating of “Hold” and an average price target of $29.07.

Hedge funds have recently bought and sold shares of the business. Prudential Financial Inc. lifted its stake in KB Home by 1.0% during the third quarter. Prudential Financial Inc. now owns 693,448 shares of the construction company’s stock valued at $16,726,000 after buying an additional 6,570 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in KB Home during the third quarter valued at about $1,041,000. American International Group Inc. lifted its stake in KB Home by 3.0% during the third quarter. American International Group Inc. now owns 226,771 shares of the construction company’s stock valued at $5,470,000 after buying an additional 6,581 shares in the last quarter. Foundry Partners LLC lifted its stake in KB Home by 3.3% during the fourth quarter. Foundry Partners LLC now owns 682,170 shares of the construction company’s stock valued at $21,795,000 after buying an additional 21,749 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in KB Home during the fourth quarter valued at about $34,238,000. 94.69% of the stock is owned by institutional investors.

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About KB Home

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

Insider Buying and Selling by Quarter for KB Home (NYSE:KBH)

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