KB Home Sees Unusually Large Options Volume (NYSE:KBH)

KB Home (NYSE:KBH – Get Rating) was the target of unusually large options trading on Tuesday. Stock traders purchased 43,800 put options on the company. This is an increase of 790% compared to the typical volume of 4,922 put options.

Analysts Set New Price Targets

A number of research firms have recently commented on KBH. StockNews.com began coverage on KB Home in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Raymond James lowered KB Home from a “strong-buy” rating to a “market perform” rating in a report on Friday, October 21st. Royal Bank of Canada lowered KB Home from an “outperform” rating to a “sector perform” rating and set a $34.00 price target for the company. in a report on Friday, January 13th. TheStreet raised KB Home from a “c+” rating to a “b-” rating in a research note on Wednesday, January 18th. Finally, Barclays lifted their price objective on KB Home from $41.00 to $42.00 in a research note on Wednesday, December 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.46.

Insiders Place Their Bets

In other KB Home news, EVP Albert Z. Praw sold 29,777 shares of the firm’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $28.77, for a total value of $856,684.29. Following the completion of the sale, the executive vice president now directly owns 143,363 shares of the company’s stock, valued at $4,124,553.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Aptus Capital Advisors LLC increased its holdings in KB Home by 88.6% during the 2nd quarter. Aptus Capital Advisors LLC now owns 117,336 shares of the construction company’s stock valued at $3,339,000 after purchasing an additional 55,117 shares during the period. Cobalt Capital Management Inc. increased its holdings in KB Home by 7.4% during the 2nd quarter. Cobalt Capital Management Inc. now owns 300,000 shares of the construction company’s stock valued at $8,538,000 after purchasing an additional 20,800 shares during the period. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in KB Home during the 2nd quarter valued at about $228,000. Xponance Inc. increased its holdings in KB Home by 7.0% during the 2nd quarter. Xponance Inc. now owns 13,109 shares of the construction company’s stock valued at $373,000 after purchasing an additional 855 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new position in KB Home during the 2nd quarter valued at about $1,197,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

KB Home Trading Up 1.9 %

KBH opened at $36.83 on Wednesday. The company has a market cap of $3.15 billion, a P/E ratio of 4.04, a P/E/G ratio of 1.14 and a beta of 1.53. The business’s 50-day moving average price is $32.47 and its 200-day moving average price is $30.50. KB Home has a 12 month low of $24.78 and a 12 month high of $43.12.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 16th. Stockholders of record on Thursday, February 2nd will be issued a $0.15 dividend. The ex-dividend date is Wednesday, February 1st. This represents a $0.60 annualized dividend and a dividend yield of 1.63%. KB Home’s dividend payout ratio is currently 6.58%.

About KB Home

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KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The firm operates through the following segments: West Coast, Southwest, Central, and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects.