Jeff Kaminski Sells 38,386 Shares of KB Home (NYSE:KBH) Stock

KB Home (NYSE:KBH) CFO Jeff Kaminski sold 38,386 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,294,522.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jeff Kaminski also recently made the following trade(s):

• On Wednesday, January 24th, Jeff Kaminski sold 4,928 shares of KB Home stock. The stock was sold at an average price of $59.86, for a total transaction of $294,990.08.

KB Home Price Performance

KBH opened at $64.09 on Friday. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 0.72 and a beta of 1.73. The firm has a 50 day simple moving average of $65.78 and a 200 day simple moving average of $57.99. KB Home has a fifty-two week low of $38.65 and a fifty-two week high of $72.00.

KB Home (NYSE:KBH) last issued its earnings results on Wednesday, March 20th. The construction company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.57 by $0.19. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm earned $1.45 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, analysts expect that KB Home will post 8.01 EPS for the current year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.25%. The ex-dividend date was Wednesday, February 7th. KB Home’s payout ratio is presently 10.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. UBS Group upped their target price on shares of KB Home from $82.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Wells Fargo & Company upped their target price on shares of KB Home from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Evercore ISI reduced their target price on shares of KB Home from $82.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, March 21st. Wedbush upped their target price on shares of KB Home from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Finally, The Goldman Sachs Group boosted their price target on shares of KB Home from $61.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.11.

Institutional Investors Weigh In On KB Home

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in KB Home by 1.4% in the first quarter. Vanguard Group Inc. now owns 7,970,899 shares of the construction company’s stock valued at $258,098,000 after purchasing an additional 108,191 shares in the last quarter. Macquarie Group Ltd. increased its stake in KB Home by 2.2% in the second quarter. Macquarie Group Ltd. now owns 3,980,992 shares of the construction company’s stock valued at $113,299,000 after purchasing an additional 85,582 shares in the last quarter. State Street Corp increased its stake in KB Home by 0.3% in the first quarter. State Street Corp now owns 2,793,847 shares of the construction company’s stock valued at $112,257,000 after purchasing an additional 7,935 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of KB Home by 93.9% in the third quarter. AQR Capital Management LLC now owns 2,526,838 shares of the construction company’s stock valued at $116,942,000 after buying an additional 1,223,612 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of KB Home by 125.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,077,861 shares of the construction company’s stock valued at $67,281,000 after buying an additional 1,156,233 shares during the period. Institutional investors own 96.09% of the company’s stock.

KB Home Company Profile

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.