Northwestern Mutual Investment Management Company LLC increased its position in shares of KB Home (NYSE:KBH) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,426 shares of the construction company’s stock after acquiring an additional 94 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in KB Home were worth $219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning increased its holdings in shares of KB Home by 34.9% in the 2nd quarter. Creative Planning now owns 4,289 shares of the construction company’s stock valued at $103,000 after acquiring an additional 1,110 shares during the last quarter. LS Investment Advisors LLC increased its holdings in shares of KB Home by 18.0% in the 2nd quarter. LS Investment Advisors LLC now owns 6,511 shares of the construction company’s stock valued at $156,000 after acquiring an additional 991 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of KB Home by 10.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,749 shares of the construction company’s stock valued at $134,000 after acquiring an additional 639 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of KB Home by 40.2% in the 1st quarter. Victory Capital Management Inc. now owns 7,047 shares of the construction company’s stock valued at $140,000 after acquiring an additional 2,020 shares during the last quarter. Finally, Hartford Investment Management Co. purchased a new position in shares of KB Home in the 2nd quarter valued at about $204,000. 98.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KB Home (NYSE KBH) opened at 21.28 on Wednesday. KB Home has a 52 week low of $14.06 and a 52 week high of $24.37. The firm’s 50-day moving average price is $22.15 and its 200 day moving average price is $21.46. The firm has a market cap of $1.82 billion, a PE ratio of 16.39 and a beta of 1.60.

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

In other KB Home news, insider Jeffrey T. Mezger sold 400,000 shares of KB Home stock in a transaction on Monday, August 14th. The shares were sold at an average price of $22.81, for a total transaction of $9,124,000.00. Following the completion of the sale, the insider now owns 682,996 shares of the company’s stock, valued at approximately $15,579,138.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William R. Hollinger sold 57,405 shares of KB Home stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $23.19, for a total transaction of $1,331,221.95. Following the sale, the senior vice president now directly owns 214,306 shares of the company’s stock, valued at approximately $4,969,756.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 620,422 shares of company stock valued at $14,269,820. Company insiders own 8.60% of the company’s stock.

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

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KB Home Company Profile

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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