Capstone Asset Management Co. lowered its position in KB Home (NYSE:KBH) by 5.5% during the second quarter, Holdings Channel reports. The fund owned 25,605 shares of the company’s stock after selling 1,500 shares during the period. Capstone Asset Management Co.’s holdings in KB Home were worth $389,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KBH. BNP Paribas Arbitrage SA increased its stake in KB Home by 2,051.7% in the second quarter. BNP Paribas Arbitrage SA now owns 39,011 shares of the company’s stock worth $593,000 after buying an additional 37,198 shares during the last quarter. Prudential Financial Inc. increased its stake in KB Home by 1,268.6% in the first quarter. Prudential Financial Inc. now owns 797,468 shares of the company’s stock worth $11,388,000 after buying an additional 739,200 shares during the last quarter. BlackRock Inc. increased its stake in KB Home by 4.0% in the first quarter. BlackRock Inc. now owns 33,585 shares of the company’s stock worth $480,000 after buying an additional 1,290 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in KB Home by 254.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,212,894 shares of the company’s stock worth $17,320,000 after buying an additional 871,100 shares during the last quarter. Finally, Amici Capital LLC purchased a new stake in KB Home during the first quarter worth approximately $1,431,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

KB Home (NYSE:KBH) traded down 2.04% during midday trading on Friday, reaching $14.88. 3,312,576 shares of the company traded hands. The firm’s 50 day moving average price is $15.63 and its 200 day moving average price is $14.54. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 15.23 and a beta of 1.96. KB Home has a 12 month low of $9.04 and a 12 month high of $16.76.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, June 21st. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $811.10 million for the quarter. KB Home had a net margin of 2.89% and a return on equity of 5.83%. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 EPS. On average, analysts expect that KB Home will post $1.34 earnings per share for the current year.

KBH has been the subject of a number of research analyst reports. MKM Partners restated a “hold” rating on shares of KB Home in a report on Wednesday, June 22nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $15.00 price target (up from $14.00) on shares of KB Home in a research report on Sunday, June 26th. Zacks Investment Research raised shares of KB Home from a “sell” rating to a “hold” rating in a research report on Friday, June 17th. Credit Suisse Group AG reaffirmed a “sell” rating and set a $11.50 price target on shares of KB Home in a research report on Wednesday, June 22nd. Finally, FBR & Co upped their price target on shares of KB Home from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 22nd. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. KB Home presently has an average rating of “Hold” and an average price target of $14.86.

In other news, insider Jeffrey T. Mezger sold 500,000 shares of the firm’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $16.47, for a total transaction of $8,235,000.00. Following the transaction, the insider now owns 606,716 shares in the company, valued at approximately $9,992,612.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey T. Mezger sold 230,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $16.43, for a total transaction of $3,778,900.00. Following the transaction, the chief executive officer now owns 606,716 shares in the company, valued at approximately $9,968,343.88. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

About KB Home

KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.

5 Day Chart for NYSE:KBH

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