KB Home (KBH) Position Reduced by SG Americas Securities LLC

Lazard Asset Management LLC raised its stake in KB Home by 28.7% in the first quarter. The company's stock has a normal trading capacity of 2.55M shares while the relative volume is 1.13.

Analyst research firms are expressing bullish stance on KB Home (NYSE:KBH)'s near-term growth potential. Louisiana State Employees Retirement System now owns 21,000 shares of the construction company's stock worth $417,000 after buying an additional 400 shares during the period. Flinton Capital Management LLC boosted its stake in shares of KB Home by 22.6% in the first quarter. Advantus Capital Management Inc now owns 10,648 shares of the construction company's stock valued at $212,000 after buying an additional 309 shares during the period. Envestnet Asset Management Inc. raised its stake in KB Home by 10.5% in the first quarter. Vanguard Group Inc. now owns 6,392,286 shares of the construction company's stock valued at $127,079,000 after buying an additional 244,007 shares during the period. Louisiana State Employees Retirement System raised its stake in KB Home by 1.9% in the first quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

KB Home (KBH) ended its day with loss -1.16% and finalized at the price of $23.90. The firm's 50-day moving average price is $21.73 and its 200-day moving average price is $19.01. KB Home has a 12-month low of $14.06 and a 12-month high of $24.25.

KB Home (KBH) has a market capitalization of 2.04 Billion which suggests the company is a huge company further suggesting that the shares of KB Home (KBH) are stable and safe compared to the lower market capitalization companies.

With all other things going on, KB Home (NYSE:KBH) has been on a run - rising 19.2 percent in just three months.

In the last reported quarter, KB Home reported its Actual EPS (earnings per share) of $0.33/share where most of the analysts working on this stock were estimating the EPS to be $0.26/share.

Management effectiveness shows return on equity and return on assets for the trailing twelve months at 7.21% and 3.04% respectively.

So the company beats the analysts estimate by $0.07/share showing a surprise of 26.9%. During the same period in the previous year, the firm posted $0.17 earnings per share. The company's revenue for the quarter was up 23.7% on a year-over-year basis. Analysts expect that KB Home will post $1.71 EPS for the current year.

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A number of brokerages have recently issued reports on KBH. Mizuho started coverage on shares of KB Home in a research report on Tuesday, May 16th. Zacks Investment Research lowered KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 15th. KB Home (NYSE:KBH) notched a 12-month high of $22.09 while $26.00 target is by far the most aggressive out of analysts who are now evaluating KBH, $3.91 higher than the next highest 52-week price estimate. MKM Partners upgraded shares of KB Home to a "hold" rating and lifted their target price for the company from $20.00 to $24.00 in a research note on Tuesday, June 27th. A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range. The mean target of $22.50 should be compared with the price when the stock was languishing around $14.06 a share.

In other news, CFO Jeff Kaminski sold 163,017 shares of the stock in a transaction dated Thursday, June 29th. Recently, the stock has been noticed trading 3.47% away from the 20-day moving average. Following the completion of the sale, the chief financial officer now directly owns 178,251 shares in the company, valued at approximately $4,171,073.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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