SG Americas Securities LLC Trims Holdings in KB Home (NYSE:KBH)

SG Americas Securities LLC trimmed its position in KB Home (NYSE:KBH) by 58.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,909 shares of the construction company’s stock after selling 19,701 shares during the period. SG Americas Securities LLC’s holdings in KB Home were worth $541,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in shares of KB Home by 961.8% during the 2nd quarter. Millennium Management LLC now owns 1,473,440 shares of the construction company’s stock worth $59,998,000 after acquiring an additional 1,334,668 shares during the period. Boston Common Asset Management LLC lifted its holdings in shares of KB Home by 277.4% during the 2nd quarter. Boston Common Asset Management LLC now owns 778,766 shares of the construction company’s stock worth $31,711,000 after acquiring an additional 572,426 shares during the period. Morgan Stanley lifted its holdings in shares of KB Home by 254.9% during the 2nd quarter. Morgan Stanley now owns 548,339 shares of the construction company’s stock worth $22,328,000 after acquiring an additional 393,836 shares during the period. Balyasny Asset Management LLC lifted its holdings in shares of KB Home by 116.2% during the 2nd quarter. Balyasny Asset Management LLC now owns 580,523 shares of the construction company’s stock worth $23,639,000 after acquiring an additional 311,949 shares during the period. Finally, Aristotle Capital Boston LLC purchased a new position in shares of KB Home during the 2nd quarter worth about $11,732,000. Institutional investors own 88.54% of the company’s stock.

KBH has been the topic of several recent analyst reports. Barclays increased their price objective on shares of KB Home from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, December 15th. Zacks Investment Research upgraded shares of KB Home from a “sell” rating to a “hold” rating and set a $43.00 price target on the stock in a report on Tuesday, September 28th. JPMorgan Chase & Co. decreased their price objective on shares of KB Home from $59.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, October 14th. Wedbush increased their price objective on shares of KB Home from $60.00 to $73.00 in a research report on Thursday. Finally, Zelman & Associates upgraded shares of KB Home from a “hold” rating to a “buy” rating in a report on Monday, December 13th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $54.73.

NYSE:KBH opened at $49.04 on Friday. The firm has a 50-day moving average of $43.04 and a two-hundred day moving average of $41.86. The stock has a market cap of $4.29 billion, a P/E ratio of 8.13, a PEG ratio of 0.15 and a beta of 1.76. KB Home has a 1-year low of $34.92 and a 1-year high of $52.48.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Wednesday, January 12th. The construction company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.14. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.71 billion. KB Home had a net margin of 9.86% and a return on equity of 20.13%. The firm’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 EPS. On average, analysts predict that KB Home will post 7.88 earnings per share for the current year.

In other news, Director Melissa Lora sold 24,393 shares of the company’s stock in a transaction dated Wednesday, October 20th. The shares were sold at an average price of $40.83, for a total value of $995,966.19. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brian J. Woram sold 39,370 shares of the company’s stock in a transaction dated Wednesday, November 10th. The shares were sold at an average price of $41.56, for a total transaction of $1,636,217.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 352,032 shares of company stock valued at $14,837,469. 4.40% of the stock is currently owned by corporate insiders.

KB Home Company Profile

KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The firm operates through the following segments: West Coast, Southwest, Central, and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects.

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

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