KB Home (NYSE:KBH) – KeyCorp increased their FY2019 earnings per share estimates for shares of KB Home in a research report issued on Tuesday, March 26th, according to Zacks Investment Research. KeyCorp analyst K. Zener now forecasts that the construction company will post earnings per share of $2.50 for the year, up from their previous estimate of $2.10. KeyCorp also issued estimates for KB Home’s Q4 2019 earnings at $1.04 EPS and FY2020 earnings at $2.94 EPS.
KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, March 26th. The construction company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.06. The business had revenue of $811.50 million during the quarter, compared to analyst estimates of $828.56 million. KB Home had a return on equity of 13.34% and a net margin of 6.05%. The firm’s revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.12 EPS.
Shares of KB Home stock traded up $0.36 during trading on Friday, hitting $25.92. 1,833,772 shares of the stock traded hands, compared to its average volume of 2,329,917. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 9.19, a P/E/G ratio of 1.20 and a beta of 1.57. The company has a debt-to-equity ratio of 1.04, a current ratio of 5.37 and a quick ratio of 0.98. KB Home has a twelve month low of $16.82 and a twelve month high of $28.96.
Several institutional investors and hedge funds have recently modified their holdings of the company. ETF Managers Group LLC increased its stake in shares of KB Home by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 4,536 shares of the construction company’s stock valued at $87,000 after purchasing an additional 618 shares during the last quarter. Financial Architects Inc increased its stake in shares of KB Home by 97.8% in the 4th quarter. Financial Architects Inc now owns 1,622 shares of the construction company’s stock valued at $31,000 after purchasing an additional 802 shares during the last quarter. Comerica Bank increased its stake in shares of KB Home by 1.8% in the 4th quarter. Comerica Bank now owns 55,276 shares of the construction company’s stock valued at $1,128,000 after purchasing an additional 961 shares during the last quarter. Arizona State Retirement System increased its stake in shares of KB Home by 1.8% in the 4th quarter. Arizona State Retirement System now owns 61,865 shares of the construction company’s stock valued at $1,182,000 after purchasing an additional 1,104 shares during the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of KB Home by 1.1% in the 4th quarter. Retirement Systems of Alabama now owns 111,749 shares of the construction company’s stock valued at $2,134,000 after purchasing an additional 1,162 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.
In other news, EVP Albert Z. Praw sold 233,176 shares of KB Home stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $25.71, for a total value of $5,994,954.96. Following the transaction, the executive vice president now owns 172,660 shares in the company, valued at approximately $4,439,088.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey T. Mezger sold 183,257 shares of KB Home stock in a transaction on Monday, April 15th. The shares were sold at an average price of $25.41, for a total value of $4,656,560.37. Following the completion of the transaction, the chief executive officer now owns 1,056,532 shares in the company, valued at approximately $26,846,478.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 905,691 shares of company stock valued at $23,063,991. 7.32% of the stock is currently owned by insiders.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.025 per share. The ex-dividend date is Wednesday, May 1st. This represents a $0.10 annualized dividend and a yield of 0.39%. KB Home’s payout ratio is currently 35.46%.
KB Home Company Profile
KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company 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.
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