KB Home (NYSE:KBH) CEO Jeffrey T. Mezger sold 100,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $23.56, for a total value of $2,356,000.00. Following the sale, the chief executive officer now owns 861,287 shares in the company, valued at approximately $20,291,921.72. The sale was disclosed in a filing with the SEC, which is available through this link.

KBH stock traded down $0.12 during trading on Friday, reaching $23.61. 42,195 shares of the stock were exchanged, compared to its average volume of 2,063,608. KB Home has a twelve month low of $20.68 and a twelve month high of $38.80. The company has a market cap of $2.11 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 0.48 and a beta of 1.43.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Thursday, June 28th. The construction company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. KB Home had a return on equity of 12.31% and a net margin of 2.67%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business earned $0.33 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. equities analysts predict that KB Home will post 2.84 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 16th. Investors of record on Thursday, August 2nd were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Wednesday, August 1st. KB Home’s dividend payout ratio (DPR) is currently 5.41%.

A number of hedge funds have recently bought and sold shares of the stock. New York State Common Retirement Fund raised its stake in KB Home by 1.3% during the 1st quarter. New York State Common Retirement Fund now owns 171,413 shares of the construction company’s stock worth $4,877,000 after buying an additional 2,228 shares during the period. OppenheimerFunds Inc. raised its stake in KB Home by 5.0% during the 2nd quarter. OppenheimerFunds Inc. now owns 48,051 shares of the construction company’s stock worth $1,309,000 after buying an additional 2,298 shares during the period. Mutual of America Capital Management LLC raised its stake in KB Home by 3.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 72,138 shares of the construction company’s stock worth $1,965,000 after buying an additional 2,696 shares during the period. CIBC World Markets Inc. raised its stake in KB Home by 1.5% during the 2nd quarter. CIBC World Markets Inc. now owns 194,357 shares of the construction company’s stock worth $5,294,000 after buying an additional 2,828 shares during the period. Finally, Zacks Investment Management raised its stake in KB Home by 5.3% during the 2nd quarter. Zacks Investment Management now owns 56,337 shares of the construction company’s stock worth $1,535,000 after buying an additional 2,831 shares during the period. 86.15% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently commented on KBH. Zacks Investment Research lowered KB Home from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. Barclays upgraded KB Home from an “underweight” rating to an “equal weight” rating in a research report on Friday, June 29th. Wedbush cut their target price on KB Home from $33.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, June 29th. ValuEngine lowered KB Home from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Finally, Bank of America upgraded KB Home from an “underperform” rating to a “buy” rating and upped their target price for the company from $32.00 to $37.00 in a research report on Friday, June 29th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. KB Home has a consensus rating of “Hold” and a consensus price target of $31.00.

KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It 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. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

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