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.
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.
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.
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