Mutual of America Capital Management LLC Has $2.96 Million Holdings in KB Home (NYSE:KBH)

Mutual of America Capital Management LLC cut its position in KB Home (NYSE:KBH) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,447 shares of the construction company’s stock after selling 3,190 shares during the quarter. Mutual of America Capital Management LLC’s holdings in KB Home were worth $2,964,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Mariner LLC boosted its holdings in 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 purchasing an additional 198 shares during the period. Nisa Investment Advisors LLC boosted its holdings in 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 purchasing an additional 200 shares during the period. Fifth Third Bancorp boosted its holdings in 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 purchasing an additional 270 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in 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 purchasing an additional 272 shares during the period. Finally, Bailard Inc. boosted its holdings in 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 purchasing an additional 300 shares during the period. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Stock Performance

NYSE:KBH opened at $60.41 on Friday. KB Home has a 52 week low of $40.38 and a 52 week high of $72.00. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.70 and a beta of 1.73. The company has a 50-day moving average of $65.92 and a 200-day moving average of $58.42.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share (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 firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the firm posted $1.45 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Sell-side analysts forecast that KB Home will post 8.01 EPS for the current year.

Wall Street Analysts Forecast Growth

KBH has been the subject of a number of research reports. StockNews.com downgraded shares of KB Home from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Keefe, Bruyette & Woods increased their price target on shares of KB Home from $67.00 to $77.00 and gave the company a “market perform” rating in a report on Thursday, March 28th. Royal Bank of Canada increased their price target on shares of KB Home from $63.00 to $69.00 and gave the company a “sector perform” rating in a report on Thursday, March 21st. UBS Group increased their price target on shares of KB Home from $82.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Finally, Wedbush raised their price objective on shares of KB Home from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $66.11.

Insider Activity at KB Home

In related news, CEO Jeffrey T. Mezger sold 59,157 shares of KB Home stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $60.34, for a total transaction of $3,569,533.38. 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 $89,984,921.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other KB Home news, CEO Jeffrey T. Mezger sold 59,157 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $60.34, for a total value of $3,569,533.38. Following the completion of the sale, the chief executive officer now owns 1,491,298 shares in the company, valued at approximately $89,984,921.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeff Kaminski sold 4,928 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $59.86, for a total transaction of $294,990.08. Following the completion of the sale, the chief financial officer now owns 38,386 shares of the company’s stock, valued at approximately $2,297,785.96. The disclosure for this sale can be found here. Insiders sold 412,021 shares of company stock valued at $24,954,977 in the last ninety days. Insiders own 4.44% of the company’s stock.

KB Home 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.