State Board of Administration of Florida Retirement System lowered its position in KB Home (NYSE:KBH) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,549 shares of the company’s stock after selling 905 shares during the period. State Board of Administration of Florida Retirement System owned about 0.09% of KB Home worth $1,180,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. HL Financial Services LLC boosted its position in KB Home by 0.4% in the second quarter. HL Financial Services LLC now owns 149,329 shares of the company’s stock worth $2,271,000 after buying an additional 662 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in KB Home by 2.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 30,324 shares of the company’s stock worth $461,000 after buying an additional 686 shares in the last quarter. Suntrust Banks Inc. boosted its position in KB Home by 5.7% in the second quarter. Suntrust Banks Inc. now owns 15,008 shares of the company’s stock worth $228,000 after buying an additional 804 shares in the last quarter. BlackRock Inc. boosted its position 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 in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in KB Home by 2.6% in the second quarter. Mutual of America Capital Management LLC now owns 60,831 shares of the company’s stock worth $925,000 after buying an additional 1,544 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

KB Home (NYSE:KBH) traded up 2.01% on Wednesday, hitting $15.23. The stock had a trading volume of 5,777,398 shares. The firm has a market cap of $1.28 billion, a P/E ratio of 15.59 and a beta of 1.96. KB Home has a 1-year low of $9.04 and a 1-year high of $16.76. The firm’s 50-day moving average price is $15.47 and its 200-day moving average price is $14.62.

KB Home (NYSE:KBH) last released its earnings results on Tuesday, September 20th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.03. The company earned $913.30 million during the quarter. KB Home had a return on equity of 5.83% and a net margin of 2.89%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $0.23 earnings per share. On average, equities research analysts predict that KB Home will post $1.34 earnings per share for the current year.

A number of equities analysts have weighed in on KBH shares. MKM Partners set a $13.00 price target on KB Home and gave the stock a “hold” rating in a report on Wednesday, September 14th. Wedbush started coverage on KB Home in a report on Monday. They issued an “outperform” rating and a $22.00 price target for the company. Zacks Investment Research upgraded KB Home from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Monday, July 18th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $15.00 price target (up previously from $14.00) on shares of KB Home in a report on Sunday, June 26th. Finally, Buckingham Research upgraded KB Home from a “neutral” rating to a “buy” rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. KB Home currently has a consensus rating of “Hold” and an average target price of $15.27.

In related news, CEO Jeffrey T. Mezger sold 230,000 shares of KB Home stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $16.43, for a total transaction of $3,778,900.00. Following the completion of the sale, the chief executive officer now directly owns 606,716 shares of the company’s stock, valued at $9,968,343.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey T. Mezger sold 110,000 shares of KB Home stock in a transaction on Monday, July 25th. The stock was sold at an average price of $16.39, for a total value of $1,802,900.00. Following the sale, the chief executive officer now directly owns 606,716 shares of the company’s stock, valued at $9,944,075.24. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.

KB Home Company Profile

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.

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