Jeffrey T. Mezger Sells 489,258 Shares of KB Home (KBH) Stock

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KB Home (NYSE:KBH) insider Jeffrey T. Mezger sold 489,258 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $25.37, for a total value of $12,412,475.46. Following the completion of the sale, the insider now owns 1,056,532 shares of the company’s stock, valued at approximately $26,804,216.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NYSE KBH traded up $0.28 during mid-day trading on Wednesday, reaching $25.56. 1,408,488 shares of the company’s stock traded hands, compared to its average volume of 1,905,741. KB Home has a 1-year low of $16.82 and a 1-year high of $29.45. The company has a quick ratio of 0.98, a current ratio of 5.37 and a debt-to-equity ratio of 1.04. The firm has a market cap of $2.21 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 1.17 and a beta of 1.57.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, March 26th. The construction company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.06. KB Home had a return on equity of 13.34% and a net margin of 6.05%. The firm had revenue of $811.50 million during the quarter, compared to analyst estimates of $828.56 million. During the same quarter last year, the firm earned $2.12 EPS. KB Home’s quarterly revenue was down 6.9% on a year-over-year basis. On average, analysts anticipate that KB Home will post 2.63 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. KB Home’s dividend payout ratio (DPR) is presently 35.46%.

A number of hedge funds and other institutional investors have recently modified their holdings of KBH. Norges Bank acquired a new stake in KB Home during the 4th quarter valued at approximately $25,280,000. Lakewood Capital Management LP bought a new position in KB Home during the 4th quarter worth approximately $22,735,000. Zweig DiMenna Associates LLC bought a new position in KB Home during the 4th quarter worth approximately $19,051,000. Oregon Public Employees Retirement Fund lifted its holdings in KB Home by 1,810.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 636,622 shares of the construction company’s stock worth $33,000 after buying an additional 603,291 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in KB Home by 82.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 489,194 shares of the construction company’s stock worth $9,343,000 after buying an additional 220,400 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

KBH has been the subject of a number of recent research reports. Wedbush lowered their target price on KB Home from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Thursday, January 10th. Raymond James lowered KB Home from an “outperform” rating to a “market perform” rating and set a $23.67 target price for the company. in a research note on Monday, February 25th. ValuEngine upgraded KB Home from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Credit Suisse Group increased their target price on KB Home from $17.00 to $20.00 and gave the company an “underperform” rating in a research note on Wednesday, March 27th. Finally, Zacks Investment Research lowered KB Home from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.92.

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KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers.

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