KB Home (NYSE:KBH) CAO Sells $229,393.85 in Stock

Posted by Defense World Staff on Aug 20th, 2023

KB Home (NYSE:KBH – Get Free Report) CAO William R. Hollinger sold 4,529 shares of the stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $50.65, for a total value of $229,393.85. Following the sale, the chief accounting officer now directly owns 155,769 shares in the company, valued at approximately $7,889,699.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

KB Home Price Performance

NYSE KBH opened at $49.08 on Friday. The firm has a market capitalization of $3.96 billion, a P/E ratio of 5.63, a P/E/G ratio of 1.08 and a beta of 1.67. KB Home has a 1-year low of $25.31 and a 1-year high of $55.37. The business’s 50-day simple moving average is $52.24 and its 200-day simple moving average is $44.46.

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

KB Home Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were paid a $0.20 dividend. This is a positive change from KB Home’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Wednesday, August 2nd. KB Home’s payout ratio is currently 9.17%.

Analysts Set New Price Targets

A number of analysts recently commented on KBH shares. Wolfe Research increased their price objective on KB Home from $29.00 to $43.00 in a research note 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 research note on Friday, July 14th. Seaport Res Ptn reaffirmed a “neutral” rating on shares of KB Home in a research note on Wednesday, June 14th. Bank of America raised their price target on KB Home from $52.00 to $53.00 in a research note on Thursday, June 22nd. Finally, StockNews.com assumed coverage on KB Home in a research note on Thursday. They issued a “hold” rating on the stock. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, KB Home currently has an average rating of “Hold” and a consensus target price of $52.27.

Check Out Our Latest Research Report on KBH

Institutional Investors Weigh In On KB Home

Hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. purchased a new stake in shares of KB Home during the 2nd quarter valued at about $26,000. Ameritas Advisory Services LLC purchased a new stake in shares of KB Home during the 1st quarter valued at about $25,000. Bessemer Group Inc. purchased a new stake in shares of KB Home during the 2nd quarter valued at about $34,000. National Bank of Canada FI purchased a new stake in shares of KB Home during the 1st quarter valued at about $32,000. Finally, Heritage Wealth Management LLC raised its holdings in shares of KB Home by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 880 shares of the construction company’s stock valued at $28,000 after buying an additional 440 shares during the period. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

KB Home Company Profile

(Get Free Report)

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.