Jeff Kaminski Sells 27,500 Shares of KB Home (NYSE:KBH) Stock

On January 28th, Jeff Kaminski, the Chief Financial Officer (CFO) of KB Home (NYSE: KBH), sold 27,500 shares of the company's stock in a significant transaction. The shares were sold at an average price of $68.77 per share, resulting in a total transaction value of $1,891,175. Following this sale, Kaminski now possesses 34,473 shares of KB Home, which are currently valued at approximately $2,370,708. This sale represents a 44.37% reduction in his holdings. Details of this transaction have been disclosed in a filing with the Securities and Exchange Commission (SEC), which can be accessed through official channels.

KB Home Stock Performance

As of Thursday, KB Home shares traded up by $1.68, reaching a price of $68.80. The trading volume for the day was recorded at 907,247 shares, underwhelming compared to its average trading volume of 1,627,802 shares. The company's 50-day moving average stands at $71.05, while the 200-day moving average is $77.91. KB Home holds a market capitalization of $5.05 billion, with a price-to-earnings (P/E) ratio of 8.12 and a P/E growth (P/E/G) ratio of 0.93. The stock has fluctuated between a twelve-month low of $58.15 and a high of $89.70.

Recent Earnings Reports

KB Home recently reported its earnings on January 13th, revealing earnings per share (EPS) of $2.52, exceeding analysts' expectations of $2.44 by $0.08. The company generated a revenue of $2 billion for the quarter, outpacing the analyst consensus of $1.99 billion. Notably, KB Home achieved a net margin of 9.45% and a return on equity of 16.46%. Year-over-year, the company's revenue increased by 19.5%. Last year during the same quarter, earnings per share were $1.85. Analysts presently forecast that KB Home will achieve EPS of 8.5 for the current year.

Dividend Announcements

KB Home has also declared a quarterly dividend, which is set to be distributed on February 20th. Shareholders on record as of February 6th will receive a dividend payment of $0.25 per share, with an ex-dividend date of the same day. This translates to an annual dividend yield of 1.45%, with a total annualized dividend amount of $1.00. The company's payout ratio is noted at 11.81%.

Institutional Trading Insights

In recent trading activity, several institutional investors have bought and sold KB Home shares. Notably, FMR LLC increased its stake by 47.9% during the last quarter, now holding 5,411,255 shares valued at $463,690,000. Additionally, Holocene Advisors LP recently acquired a stake worth about $89,899,000, while Hennessy Advisors Inc. invested around $44,118,000 in KB Home during the fourth quarter. Charles Schwab Investment Management has also raised its stake by 22.1%, now owning 906,236 shares worth approximately $77,655,000. Institutional investors collectively own about 96.09% of the company's stock.

Analyst Ratings Changes

Several research analysts have provided updates on KB Home shares recently. Raymond James reiterated an "outperform" rating with a reduced price target of $80.00, down from $93.00. Bank of America revised its target price from $76.00 to $71.00 and classified it as "neutral". Meanwhile, Wells Fargo & Company decreased its price objective from $70.00 to $65.00, rating it as "underweight". Barclays also adjusted its target price from $85.00 to $60.00 and assigned an "equal weight" rating. Overall, two analysts have rated the stock as a sell, nine analysts maintain a hold rating, and three have a buy rating, leading to an average target price of $76.21 according to MarketBeat analysis.

Company Overview

KB Home operates as a prominent homebuilding company in the United States. The business is divided into four segments: West Coast, Southwest, Central, and Southeast. The company focuses on building and selling various types of homes, which includes attached and detached single-family residences, townhomes, and condominiums, primarily catering to first-time buyers and active adult market segments.

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