Mutual of America Capital Management LLC Cuts Stock Position in KB Home (NYSE:KBH)

Mutual of America Capital Management LLC lessened its holdings in KB Home (NYSE:KBH) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,447 shares of the construction company’s stock after selling 3,190 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of KB Home worth $2,964,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Mariner LLC raised its stake in shares of KB Home by 3.7% in the 3rd quarter. Mariner LLC now owns 5,484 shares of the construction company’s stock valued at $254,000 after acquiring an additional 198 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of KB Home by 3.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,355 shares of the construction company’s stock valued at $334,000 after acquiring an additional 200 shares during the period. Fifth Third Bancorp raised its stake in shares of KB Home by 40.9% in the 3rd quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock valued at $43,000 after acquiring an additional 270 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of KB Home by 1.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 14,996 shares of the construction company’s stock valued at $694,000 after acquiring an additional 272 shares during the period. Finally, Bailard Inc. raised its stake in shares of KB Home by 2.5% in the 3rd quarter. Bailard Inc. now owns 12,100 shares of the construction company’s stock valued at $560,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Price Performance

Shares of KBH stock opened at $60.41 on Friday. KB Home has a 1-year low of $40.38 and a 1-year high of $72.00. The firm has a fifty day moving average of $65.92 and a two-hundred day moving average of $58.42. The firm has a market cap of $4.58 billion, a P/E ratio of 8.22, a P/E/G ratio of 0.70 and a beta of 1.73.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.57 by $0.19. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the business posted $1.45 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts expect that KB Home will post 8.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KBH. Keefe, Bruyette & Woods raised their target price on shares of KB Home from $67.00 to $77.00 and gave the company a “market perform” rating in a research note on Thursday, March 28th. UBS Group lifted their price target on shares of KB Home from $82.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. StockNews.com downgraded shares of KB Home from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price target on shares of KB Home from $68.50 to $70.50 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Finally, The Goldman Sachs Group lifted their price target on shares of KB Home from $61.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $66.11.

Insider Activity

In other news, CFO Jeff Kaminski sold 38,386 shares of KB Home stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total value of $2,554,972.16. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $2,294,522.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other KB Home news, CEO Jeffrey T. Mezger sold 165,307 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $59.40, for a total transaction of $9,819,235.80. Following the completion of the transaction, the chief executive officer now directly owns 1,491,298 shares of the company’s stock, valued at approximately $88,583,101.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeff Kaminski sold 38,386 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,294,522.88. The disclosure for this sale can be found here. In the last three months, insiders sold 412,021 shares of company stock valued at $24,954,977. Company insiders own 4.44% of the company’s stock.

KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.