KB Home (NYSE:KBH) Stock Price Down 2.7%

KB Home (NYSE:KBH) was down 2.7% on Tuesday . The company traded as low as $65.55 and last traded at $65.64. Approximately 65,329 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 1,228,303 shares. The stock had previously closed at $67.44.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Royal Bank of Canada lifted their price objective on KB Home from $69.00 to $70.00 and gave the company a “sector perform” rating in a report on Thursday, June 20th. Zelman & Associates restated an “underperform” rating and issued a $69.00 target price on shares of KB Home in a research report on Monday, May 13th. UBS Group increased their price target 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. Wedbush lifted their price objective on shares of KB Home from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, June 20th. Finally, Wells Fargo & Company upped their target price on KB Home from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $71.63.

KB Home Price Performance

The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 0.68 and a beta of 1.80. The firm’s fifty day moving average price is $69.25 and its 200-day moving average price is $65.71.

KB Home Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Wednesday, May 8th. This is a boost from KB Home’s previous quarterly dividend of $0.20. KB Home’s dividend payout ratio is presently 13.23%.

Insider Buying and Selling at KB Home

In other news, Director Thomas W. Gilligan sold 3,914 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $70.48, for a total transaction of $275,858.72. Following the sale, the director now directly owns 48,217 shares in the company, valued at $3,398,334.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other KB Home news, CFO Jeff Kaminski sold 38,386 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total value of $2,554,972.16. Following the sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,294,522.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas W. Gilligan sold 3,914 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $70.48, for a total value of $275,858.72. Following the transaction, the director now owns 48,217 shares of the company’s stock, valued at $3,398,334.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 64,460 shares of company stock worth $4,384,468. 3.52% of the stock is currently owned by insiders.

Institutional Trading of KB Home

Institutional investors have recently added to or reduced their stakes in the stock. Jump Financial LLC lifted its position in shares of KB Home by 422.3% in the 4th quarter. Jump Financial LLC now owns 60,099 shares of the construction company’s stock worth $3,754,000 after purchasing an additional 48,593 shares during the period. American Century Companies Inc. lifted its holdings in KB Home by 32.3% in the third quarter. American Century Companies Inc. now owns 1,251,656 shares of the construction company’s stock valued at $57,927,000 after buying an additional 305,820 shares during the period. International Assets Investment Management LLC bought a new stake in KB Home during the fourth quarter valued at $733,000. FCF Advisors LLC grew its holdings in KB Home by 102.9% during the 1st quarter. FCF Advisors LLC now owns 21,882 shares of the construction company’s stock worth $1,551,000 after acquiring an additional 11,099 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in KB Home by 45.1% during the 4th quarter. Wells Fargo & Company MN now owns 140,728 shares of the construction company’s stock worth $8,790,000 after acquiring an additional 43,748 shares during the period. 96.09% of the stock is currently owned by institutional investors.

About KB Home

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.