.png "KB Home (NYSE: KBH)")
Today it was reported that the President & CEO of KB Home (NYSE: KBH), Jeffrey Mezger, exercised options to sell 125,000 KBH shares at $19.90 a share, for a total transaction value of $3.02M. The options were close to expired and Jeffrey Mezger disposed stocks.
Following Jeffrey Mezger’s last KBH Sell transaction on August 14, 2017, the stock climbed by 1.0%.
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Based on KB Home’s latest earnings report for the quarter ending May 31, the company posted quarterly revenue of $1.1 billion and quarterly net profit of $56.99 million. In comparison, last year the company earned revenue of $1 billion and had a net profit of $31.57 million. KBH’s market cap is $2.11B and the company has a P/E ratio of 21.85. Currently, KB Home has an average volume of 1.73M.
Based on 9 analyst ratings, the analyst consensus is Hold with an average price target of $31.63, reflecting a -26.5% downside. 15 different firms, including Merrill Lynch and BTIG, currently also have a Sell rating on the stock.
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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. It operates through the following segments: West Coast, Southwest, Central, and Southeast.
