Systematic Financial Management LP Sells 11,677 Shares of KB Home $KBH

Systematic Financial Management LP reduced its position in shares of KB Home (NYSE:KBH) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 486,571 shares of the construction company’s stock after selling 11,677 shares during the quarter. Systematic Financial Management LP’s holdings in KB Home were worth $27,448,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KBH. United Services Automobile Association bought a new stake in KB Home during the 1st quarter worth about $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in KB Home by 5.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,525 shares of the construction company’s stock worth $13,108,000 after purchasing an additional 11,103 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in KB Home by 23.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,530 shares of the construction company’s stock worth $134,000 after purchasing an additional 482 shares during the last quarter. Marshall Wace LLP raised its holdings in KB Home by 341.2% during the 2nd quarter. Marshall Wace LLP now owns 86,667 shares of the construction company’s stock worth $4,591,000 after purchasing an additional 67,023 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in KB Home during the 2nd quarter worth about $711,000. 96.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

KBH has been the subject of several recent research reports. The Goldman Sachs Group dropped their price objective on KB Home from $65.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Seaport Research Partners reissued a “sell” rating and set a $43.00 price objective (down from $65.00) on shares of KB Home in a report on Tuesday, April 7th. UBS Group dropped their price objective on KB Home from $71.00 to $63.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Wall Street Zen cut KB Home from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Finally, Barclays dropped their price objective on KB Home from $62.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $59.17.

KB Home Trading Up 1.3%

KB Home stock opened at $48.64 on Friday. The firm has a market capitalization of $3.05 billion, a P/E ratio of 12.34, a PEG ratio of 8.58 and a beta of 1.42. KB Home has a 1 year low of $44.03 and a 1 year high of $68.71. The business has a 50-day moving average of $51.26 and a 200-day moving average of $57.55.

KB Home (NYSE:KBH) last posted its earnings results on Tuesday, March 24th. The construction company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. KB Home had a return on equity of 9.63% and a net margin of 5.96%.The company’s revenue for the quarter was down 22.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.49 EPS. Research analysts anticipate that KB Home will post 3.1 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, May 7th. KB Home’s payout ratio is presently 25.38%.

About KB Home

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.