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

On January 28th, Jeff Kaminski, the Chief Financial Officer of KB Home (NYSE:KBH - Get Free Report), executed a significant sale of the company’s stock, offloading 27,500 shares. The shares were sold at an average price of $68.77, resulting in a total transaction value of $1,891,175.00. After this sale, Kaminski now holds 34,473 shares in KB Home, which are valued at approximately $2,370,708.21. This transaction led to a decrease of about 44.37% in his ownership stake directly in the company. Details of the sale were made public in a filing with the Securities and Exchange Commission (SEC), which can be accessed through appropriate regulatory channels.

KB Home Stock Overview

Recently, KB Home shares experienced a slight uplift, trading up by $1.68 to reach $68.80. On that day, the company witnessed a trading volume of 907,247 shares, which is lower than the average volume of 1,627,802 shares. The stock is currently positioned with a 50-day moving average of $71.05 and a 200-day moving average of $77.91. The company holds a market capitalization of around $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, alongside a beta of 1.86. Over the past year, shares have varied, reaching a low of $58.15 and a high of $89.70.

Recent Earnings Performance

KB Home reported its earnings results for the last quarter on January 13th, revealing an earnings per share (EPS) of $2.52, which surpassed analysts' expectations of $2.44 by $0.08. The company generated revenues of $2 billion for the quarter, again exceeding the consensus estimate of $1.99 billion. The net margin for KB Home was recorded at 9.45%, with a return on equity of 16.46%. Compared to the same quarter from the previous year, the revenue increased by 19.5%. Last year, during this quarter, the company had an EPS of $1.85, indicating growth. Analysts suggest that KB Home is on track to post an EPS of 8.5 for the current fiscal year.

Dividend Information

In addition to its stock performance, KB Home announced a quarterly dividend distribution, scheduled to be paid on February 20th. Investors who are on record as of February 6th will receive a dividend payment of $0.25 per share. The dividend will be issued on an ex-dividend date of February 6th, marking an annualized dividend of $1.00, which translates to a yield of 1.45%. The company's payout ratio stands at 11.81%.

Institutional Shareholder Activity

A variety of institutional investors have made recent adjustments to their holdings in KB Home. For instance, FMR LLC increased its stake by 47.9% during the third quarter, now owning 5,411,255 shares valued at approximately $463.69 million, after acquiring an additional 1,752,498 shares. Additionally, Holocene Advisors LP bought a new position in KB Home worth around $89.90 million in the same quarter, while Hennessy Advisors Inc. secured a new investment valued at roughly $44.12 million in the fourth quarter. Charles Schwab Investment Management boosted its ownership by 22.1%, possessing 906,236 shares worth $77.66 million, following the purchase of 164,010 more shares during the period. Empowered Funds LLC also increased its stake by 201.8%, now owning 216,645 shares worth $18.56 million. Overall, institutional investors account for 96.09% of KB Home's stock ownership, highlighting significant institutional interest in the company.

Analyst Ratings Overview

Recent reports from analysts have provided mixed perspectives on KB Home. For instance, Raymond James reiterated an “outperform” rating alongside a target price lowered to $80.00 from $93.00 in a research update released on January 21st. Bank of America adjusted its forecast for KB Home’s price target down to $71.00 from a previous $76.00 and categorized the stock with a “neutral” rating. Furthermore, Wells Fargo reduced its price target from $70.00 to $65.00, setting an “underweight” classification. Likewise, Barclays cut their target price from $85.00 to $60.00 and labeled the stock with an “equal weight” rating. Keefe, Bruyette & Woods also decreased their target from $85.00 to $76.00, maintaining a “market perform” rating. Currently, KB Home has two sell ratings, nine holds, and three buy ratings from various analysts, culminating in an average “Hold” rating with a projected price target of $76.21.

About KB Home

KB Home is a reputable homebuilding company based in the United States, operating across four key segments: West Coast, Southwest, Central, and Southeast. The company focuses on constructing and selling a diversified range of residential properties, which include both attached and detached single-family homes, townhomes, and condominiums. Their primary customer base features first-time homebuyers, first move-up buyers, second move-up buyers, and active adult buyers seeking new homes.

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