KB Home insider trading activity
: Thomas S Silk
, SVP Marketing and Communications at KB Home (NYSE:KBH)
, just purchased 5,000 shares of common stock, at a price of $6.04 each, for a total transaction worth $30,200. This is not the first transaction made by Mr. Silk concerning KB Home, and his position now amounts to a total of 15,545 shares of common stock. They are all under his direct control and represent a capital investment worth $257,891.
The stock price for KB Home has recently reached a year low, after a steep climb during the first half of the year. The highest price registered has been recorded on May 10, at $24.32 each share of common stock. Since then, the stock price entered a steep decline, registering its lowest point on August 30, at $16.03 per share of common stock.
Besides Mr. Silk, Jeffrey T. Mezger
, President and CEO at KB Home, exercised his right to buy 150,000 shares. Jeff Kaminski
, Evp& Chief Financial Officer, acquired 15,000 through a grant of restricted common stock, taking his total holding to 36,140 shares. Brian J. Woram, Evp and General Counsel, took his position to a total of 53,747 shares through the same right as Mr. Kamiski. Other important figures benefited by the same right were Thomas F Norton, Svp Human Resources, with 6,000 shares; William R. Hollinger
, Svp& Chief Accounting Officer, with 7,000 shares; and Albert Z. Praw
, Evp Real State & Business Development, with 12,500 shares.
The stock continues to trade above the $16 mark today, paying $0.025 in quarterly dividends, representing a 0.59% yield. Trading 71.4 times its trailing earnings, the stock carries a premium to the industry average.
Disclosure: Jodor Jalit holds no position at any of the mentioned stock.
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