Great West Life Assurance Co. Can held its position in KB Home (NYSE:KBH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,203 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in KB Home were worth $103,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of KBH. Wedbush Securities Inc. acquired a new position in KB Home during the second quarter valued at $189,000. Bank of Montreal Can purchased a new position in KB Home during the second quarter valued at approximately $219,000. 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 valued at $228,000 after buying an additional 804 shares during the period. Seven Eight Capital LLC purchased a new position in KB Home during the first quarter valued at approximately $219,000. Finally, Legal & General Group Plc boosted its position in KB Home by 16.4% in the first quarter. Legal & General Group Plc now owns 24,137 shares of the company’s stock valued at $339,000 after buying an additional 3,393 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.
Shares of KB Home (NYSE:KBH) traded up 0.528% on Friday, reaching $16.175. The company’s stock had a trading volume of 1,274,099 shares. The company has a market cap of $1.37 billion, a PE ratio of 14.065 and a beta of 1.96. The firm has a 50 day moving average of $15.53 and a 200 day moving average of $14.73. KB Home has a 52-week low of $9.04 and a 52-week high of $16.76.
KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, September 20th. The company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.03. The business had revenue of $913.30 million for the quarter. KB Home had a return on equity of 6.77% and a net margin of 3.31%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS. Analysts predict that KB Home will post $1.33 earnings per share for the current year.
KBH has been the subject of several recent research reports. Wedbush initiated coverage on KB Home in a report on Monday, September 19th. They issued an “outperform” rating and a $22.00 price target for the company. Wells Fargo & Co. initiated coverage on KB Home in a report on Wednesday. They issued a “market perform” rating for the company. Bank of America Corp. reaffirmed a “sell” rating and issued a $12.50 price target on shares of KB Home in a report on Wednesday, September 21st. MKM Partners reaffirmed a “hold” rating on shares of KB Home in a report on Wednesday, June 22nd. Finally, Royal Bank Of Canada upped their price target on KB Home from $16.00 to $17.00 and gave the company a “sector perform” rating in a report on Wednesday, September 21st. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. KB Home presently has a consensus rating of “Hold” and a consensus target price of $15.40.
In other KB Home news, CEO Jeffrey T. Mezger sold 110,000 shares of KB Home stock in a transaction dated 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 owns 606,716 shares of the company’s stock, valued at approximately $9,944,075.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey T. Mezger sold 230,000 shares of KB Home stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $16.43, for a total value of $3,778,900.00. Following the completion of the sale, the chief executive officer now directly owns 606,716 shares in the company, valued at approximately $9,968,343.88. The disclosure for this sale can be found here. Corporate 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.
Want to see what other hedge funds are holding KBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Home (NYSE:KBH).
Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.