Jeff Kaminski Sells 125,000 Shares of KB Home (KBH) Stock
KB Home (NYSE:KBH) CFO Jeff Kaminski sold 125,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total value of $4,066,250.00. Following the sale, the chief financial officer now directly owns 237,775 shares in the company, valued at approximately $7,734,820.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
KB Home (NYSE KBH) opened at $30.70 on Friday. The stock has a market capitalization of $2,660.00, a PE ratio of 16.78, a price-to-earnings-growth ratio of 0.82 and a beta of 1.48. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 5.36. KB Home has a 1-year low of $15.88 and a 1-year high of $38.80.
KB Home (NYSE:KBH) last released its earnings results on Wednesday, January 10th. The construction company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.07. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.36 billion. KB Home had a return on equity of 9.93% and a net margin of 4.13%. The company’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. equities analysts forecast that KB Home will post 2.54 earnings per share for the current year.
KBH has been the topic of several research analyst reports. Citigroup downgraded KB Home from a “neutral” rating to a “sell” rating and set a $27.00 price objective on the stock. in a research note on Tuesday, January 2nd. Zacks Investment Research downgraded KB Home from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Royal Bank of Canada reaffirmed a “hold” rating and set a $31.00 price objective on shares of KB Home in a research note on Wednesday, November 15th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $27.00 price objective (up previously from $25.50) on shares of KB Home in a research note on Tuesday, December 19th. Finally, ValuEngine raised KB Home from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. KB Home has an average rating of “Hold” and a consensus price target of $29.07.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. grew its holdings in shares of KB Home by 1.0% in the 3rd quarter. Prudential Financial Inc. now owns 693,448 shares of the construction company’s stock valued at $16,726,000 after acquiring an additional 6,570 shares in the last quarter. American International Group Inc. grew its holdings in shares of KB Home by 3.0% in the 3rd quarter. American International Group Inc. now owns 226,771 shares of the construction company’s stock valued at $5,470,000 after acquiring an additional 6,581 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of KB Home by 18.6% in the 2nd quarter. Voya Investment Management LLC now owns 35,115 shares of the construction company’s stock valued at $842,000 after acquiring an additional 5,497 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of KB Home in the 3rd quarter valued at about $1,041,000. Finally, Vanguard Group Inc. grew its holdings in shares of KB Home by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock valued at $165,031,000 after acquiring an additional 492,594 shares in the last quarter. Institutional investors own 99.16% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.thecerbatgem.com/2018/02/04/jeff-kaminski-sells-125000-shares-of-kb-home-kbh-stock.html.
KB Home Company Profile
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.