Allspring Global Investments Holdings LLC Reduces Investment in KB Home

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KB ($NYSE:KBH) Home, a residential real estate developer, recently had its stake reduced by Allspring Global Investments Holdings LLC. According to Defense World, this reduction was significant enough for the company to be the tenth-most held stock. Their mission is to create value through their offering of homes and services that are tailored to the needs of their customers. KB Home prides itself on sustainability and innovation, providing industry-leading products and services that are customized to their customers’ needs. They strive to provide a high-quality, affordable homebuilding experience for their consumers.

By offering a wide range of choices, their customers can find the perfect place to call home. With their commitment to sustainability and innovation, KB Home has earned awards and recognition for being an industry leader. Despite the recent reduction of their stake by Allspring Global Investments Holdings LLC, KB Home remains the go-to destination for quality homebuilding in the United States.

Market Price

On Thursday, KB Home stock opened at $52.7 and closed at $53.0 after Allspring Global Investments Holdings LLC reduced their investment in the company. Allspring Global Investments Holdings LLC had previously invested in the housing company; however, on Thursday they significantly decreased their stake in the company. Despite this, KB Home stock closed at a slightly higher rate than its opening price. This comes as good news for those invested in KB Home, as the stock market volatility has been unpredictable since the start of the pandemic. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Kb Home. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Kb Home. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Kb Home. More…

Key Ratios Snapshot

Some of the financial key ratios for Kb Home are shown below. More…

Analysis

At GoodWhale, we conducted an analysis of KB HOME‘s fundamentals and according to our Risk Rating, this company is considered a high risk investment. We have identified three red flags that point to potential problems related to KB HOME’s income sheet, balance sheet, and cash flow statement. To get a better understanding of these issues, we invite you to become a registered user and gain access to our comprehensive analysis of the company. With our data and research, you can make an informed decision about whether or not KB HOME is right for you. More…

Peers

In the homebuilding industry, KB Home competes against other large builders such as Hovnanian Enterprises Inc, Beazer Homes USA Inc, and Simonds Group Ltd. These companies compete for market share in the new home construction market by offering a variety of home types and price points to appeal to different segments of the population.

– Hovnanian Enterprises Inc ($NYSE:HOV)

Hovnanian Enterprises Inc is a homebuilding company that specializes in the construction and sale of single-family detached homes, attached homes, and condominiums in the United States. As of 2022, the company had a market capitalization of 299.28 million and a return on equity of 74.13%. The company was founded in 1959 and is headquartered in Red Bank, New Jersey.

– Beazer Homes USA Inc ($NYSE:BZH)

Beazer Homes USA Inc is a homebuilder that operates in the United States. The company has a market capitalization of $400.82 million and a return on equity of 15.8%. Beazer Homes builds and sells single-family homes, townhomes, and condominiums. The company operates in Arizona, California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, North Carolina, South Carolina, Tennessee, Texas, and Virginia.

– Simonds Group Ltd ($ASX:SIO)

Simonds Group Ltd is a holding company that operates through its subsidiaries. The company’s businesses include investment holding, property development and investment, and food and beverage. Simonds Group Ltd was founded in Simonds, Australia in 1881.

Summary

KB Home (NYSE:KBH) recently saw a significant decrease in its shares held by Allspring Global Investments Holdings LLC. This has caused KB Home stock to fall slightly and highlights the hesitation of investors in the homebuilding company. This recent decrease in holding could be a sign that investors are becoming concerned about the outlook for the company and may be wary of further investments.