Insight Capital Research & Management Inc. Sells 22,962 Shares of KB Home (KBH)

Insight Capital Research & Management Inc. decreased its position in KB Home (NYSE:KBH) by 32.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,045 shares of the construction company’s stock after selling 22,962 shares during the period. Insight Capital Research & Management Inc. owned approximately 0.06% of KB Home worth $1,152,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Creative Planning increased its stake in shares of KB Home by 34.9% in the second quarter. Creative Planning now owns 4,289 shares of the construction company’s stock worth $103,000 after buying an additional 1,110 shares in the last quarter. Flinton Capital Management LLC increased its stake in shares of KB Home by 22.6% in the first quarter. Flinton Capital Management LLC now owns 5,542 shares of the construction company’s stock worth $110,000 after buying an additional 1,020 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of KB Home by 18.0% in the second quarter. LS Investment Advisors LLC now owns 6,511 shares of the construction company’s stock worth $156,000 after buying an additional 991 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of KB Home by 10.5% in the first quarter. Envestnet Asset Management Inc. now owns 6,749 shares of the construction company’s stock worth $134,000 after buying an additional 639 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of KB Home by 40.2% in the first quarter. Victory Capital Management Inc. now owns 7,047 shares of the construction company’s stock worth $140,000 after buying an additional 2,020 shares in the last quarter. 98.73% of the stock is currently owned by institutional investors and hedge funds.

Shares of KB Home (NYSE:KBH) traded up 1.38% on Friday, reaching $23.43. The company had a trading volume of 1,091,423 shares. The company has a market capitalization of $2.00 billion, a PE ratio of 18.05 and a beta of 1.62. KB Home has a one year low of $14.06 and a one year high of $24.37. The company’s 50-day moving average is $23.15 and its 200-day moving average is $20.17.

KB Home (NYSE:KBH) last announced its earnings results on Tuesday, June 27th. The construction company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $929.85 million. KB Home had a net margin of 3.13% and a return on equity of 7.11%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. Equities research analysts predict that KB Home will post $1.71 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.43%. The ex-dividend date is Tuesday, August 1st. KB Home’s dividend payout ratio is presently 7.69%.

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Several equities research analysts have weighed in on the company. Wedbush cut their target price on KB Home from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, June 15th. UBS AG upgraded KB Home from an “underperform” rating to a “market perform” rating in a research note on Thursday, April 13th. Credit Suisse Group assumed coverage on KB Home in a research note on Thursday, June 22nd. They set a “neutral” rating and a $23.00 target price for the company. Zacks Investment Research cut KB Home from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Finally, Raymond James Financial, Inc. upgraded KB Home from an “underperform” rating to a “market perform” rating in a research note on Thursday, April 13th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $19.63.

In other KB Home news, CFO Jeff Kaminski sold 163,017 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $23.40, for a total value of $3,814,597.80. Following the completion of the sale, the chief financial officer now directly owns 178,251 shares of the company’s stock, valued at $4,171,073.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.60% of the company’s stock.

About KB Home

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.