KB Home (NYSE:KBH) declared a quarterly dividend on Thursday, October 6th. Shareholders of record on Thursday, November 3rd will be given a dividend of 0.025 per share on Thursday, November 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.62%.
KB Home (NYSE:KBH) traded up 1.57% on Thursday, reaching $16.21. The company’s stock had a trading volume of 2,043,295 shares. The firm’s 50-day moving average price is $15.58 and its 200-day moving average price is $14.81. KB Home has a 52-week low of $9.04 and a 52-week high of $16.76. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 14.10 and a beta of 1.99.
KB Home (NYSE:KBH) last issued its earnings results on Tuesday, September 20th. The company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.03. The firm had revenue of $913.30 million for the quarter. KB Home had a return on equity of 6.77% and a net margin of 3.31%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 EPS. On average, equities analysts expect that KB Home will post $1.33 earnings per share for the current year.
In other KB Home news, CEO Jeffrey T. Mezger sold 230,000 shares of KB Home stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $16.43, for a total transaction of $3,778,900.00. Following the transaction, the chief executive officer now owns 606,716 shares of the company’s stock, valued at approximately $9,968,343.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey T. Mezger sold 500,000 shares of KB Home stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $16.47, for a total transaction of $8,235,000.00. Following the transaction, the insider now directly owns 606,716 shares in the company, valued at approximately $9,992,612.52. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Capstone Investment Advisors LLC purchased a new position in KB Home during the second quarter valued at approximately $166,000. Profund Advisors LLC boosted its position in KB Home by 15.1% in the second quarter. Profund Advisors LLC now owns 17,523 shares of the company’s stock valued at $267,000 after buying an additional 2,304 shares in the last quarter. Clinton Group Inc. boosted its position in KB Home by 42.8% in the second quarter. Clinton Group Inc. now owns 18,552 shares of the company’s stock valued at $282,000 after buying an additional 5,564 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in KB Home by 6.8% in the second quarter. Cubist Systematic Strategies LLC now owns 26,918 shares of the company’s stock valued at $409,000 after buying an additional 1,704 shares in the last quarter. Finally, GAM Holding AG purchased a new position in KB Home during the second quarter valued at approximately $502,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.
KBH has been the subject of a number of research reports. MKM Partners set a $13.00 price target on KB Home and gave the company a “hold” rating in a research note on Wednesday, September 14th. Argus reiterated a “hold” rating on shares of KB Home in a research note on Monday, July 18th. Bank of America Corp. reiterated a “sell” rating and issued a $12.50 price target on shares of KB Home in a research note on Wednesday, September 21st. RBC Capital Markets reiterated a “sector perform” rating and issued a $17.00 price target (up from $16.00) on shares of KB Home in a research note on Thursday, September 22nd. Finally, FBR & Co reiterated a “market perform” rating and issued a $16.00 price target on shares of KB Home in a research note on Thursday, September 22nd. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. KB Home presently has an average rating of “Hold” and a consensus price target of $15.40.
KB Home Company Profile
KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.
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