BlackRock Updates KB Home Stake in SC 13G/A Filing
Ticker: KBH · Form: SC 13G/A · Filed: 2024-01-23T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its stake in KB HOME, signaling its current position in the homebuilder.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 23, 2024, indicating its ownership of KB HOME common stock as of December 31, 2023. This filing, Amendment No. 17, updates their previous disclosures regarding their stake in the homebuilder. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in KB HOME's future performance.
Why It Matters
Large institutional investors like BlackRock often conduct extensive due diligence, so their investment decisions can influence market sentiment and other investors' perceptions of KB HOME.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently present a significant risk to investors.
Analyst Insight
Investors should monitor subsequent filings from BlackRock to see if their stake in KB HOME significantly increases or decreases, as this could indicate a stronger conviction or a change in investment strategy.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person filing the SC 13G/A
- KB HOME (company) — the issuer whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of SEC filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 17)' sections.
Who is the 'reporting person' in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' on the cover page.
What company's securities are being reported on in this filing?
The securities of KB HOME are being reported on, as stated under '(Name of Issuer) KB HOME' and 'SUBJECT COMPANY: COMPANY CONFORMED NAME: KB HOME'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of KB HOME is 48666K109, as listed under '(CUSIP Number) 48666K109'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires the filing of this statement was December 31, 2023, as specified in the filing.
From the Filing
EDGAR Filing Documents for 0001086364-24-001353 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-001353 Filing Date 2024-01-23 Accepted 2024-01-23 11:52:26 Documents 1 Document Format Files Seq Description Document Type Size 1 us48666k1097_012324.txt SC 13G/A 11781 Complete submission text file 0001086364-24-001353.txt 13657 Mailing Address 10990 WILSHIRE BLVD LOS ANGELES CA 90024 Business Address 10990 WILSHIRE BLVD LOS ANGELES CA 90024 3102314000 KB HOME (Subject) CIK : 0000795266 (see all company filings) EIN. : 953666267 | State of Incorp.: DE | Fiscal Year End: 1130 Type: SC 13G/A | Act: 34 | File No.: 005-38387 | Film No.: 24551263 SIC : 1531 Operative Builders (CF Office: 05 Real Estate & Construction) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)