Yorktown Management & Research Co Inc Takes $201,000 Position in KB Home (KBH)

Yorktown Management & Research Co Inc purchased a new stake in shares of KB Home (NYSE:KBH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,400 shares of the construction company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC boosted its position in KB Home by 0.7% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 14,426 shares of the construction company’s stock worth $219,000 after purchasing an additional 94 shares during the period. Meeder Asset Management Inc. boosted its position in KB Home by 0.4% during the second quarter. Meeder Asset Management Inc. now owns 48,655 shares of the construction company’s stock worth $1,167,000 after purchasing an additional 204 shares during the period. Amalgamated Bank boosted its position in KB Home by 2.5% during the second quarter. Amalgamated Bank now owns 11,945 shares of the construction company’s stock worth $286,000 after purchasing an additional 289 shares during the period. Advantus Capital Management Inc boosted its position in KB Home by 3.0% during the first quarter. Advantus Capital Management Inc now owns 10,648 shares of the construction company’s stock worth $212,000 after purchasing an additional 309 shares during the period. Finally, Comerica Bank boosted its position in KB Home by 0.6% during the second quarter. Comerica Bank now owns 64,359 shares of the construction company’s stock worth $1,506,000 after purchasing an additional 396 shares during the period. Institutional investors own 98.37% of the company’s stock.

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A number of equities analysts have weighed in on KBH shares. BidaskClub lowered shares of KB Home from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Mizuho lowered shares of KB Home from a “neutral” rating to an “underperform” rating and set a $21.00 target price for the company. in a research report on Monday, July 10th. Deutsche Bank AG increased their target price on shares of KB Home from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, June 30th. Barclays PLC reiterated a “sell” rating and set a $17.00 target price on shares of KB Home in a research report on Friday, June 30th. Finally, Zacks Investment Research lowered shares of KB Home from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $19.88.

KB Home (NYSE:KBH) opened at 21.28 on Wednesday. KB Home has a 1-year low of $14.06 and a 1-year high of $24.37. The firm’s 50 day moving average is $22.15 and its 200 day moving average is $21.46. The stock has a market capitalization of $1.82 billion, a P/E ratio of 16.39 and a beta of 1.60.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, June 27th. The construction company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. KB Home had a return on equity of 7.11% and a net margin of 3.13%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $929.85 million. During the same period in the prior year, the company posted $0.17 EPS. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, equities research analysts anticipate that KB Home will post $1.71 earnings per share for the current year.

In other news, insider Jeffrey T. Mezger sold 400,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $22.81, for a total transaction of $9,124,000.00. Following the sale, the insider now directly owns 682,996 shares of the company’s stock, valued at approximately $15,579,138.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeff Kaminski sold 163,017 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $23.40, for a total value of $3,814,597.80. Following the sale, the chief financial officer now directly owns 178,251 shares in the company, valued at $4,171,073.40. The disclosure for this sale can be found here. Insiders sold a total of 620,422 shares of company stock valued at $14,269,820 over the last 90 days. 8.60% of the stock is currently owned by corporate insiders.

About KB Home

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

Institutional Ownership by Quarter for KB Home (NYSE:KBH)

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