KB Home $KBH Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP reduced its position in KB Home (NYSE:KBH) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 471,093 shares of the construction company’s stock after selling 15,478 shares during the quarter. Systematic Financial Management LP owned approximately 0.75% of KB Home worth $24,379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of KB Home by 3.1% in the 2nd quarter. State Street Corp now owns 3,503,159 shares of the construction company’s stock valued at $185,562,000 after acquiring an additional 106,926 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in shares of KB Home during the 3rd quarter valued at approximately $111,050,000. Invesco Ltd. raised its position in shares of KB Home by 1.4% during the 3rd quarter. Invesco Ltd. now owns 1,400,892 shares of the construction company’s stock valued at $89,153,000 after acquiring an additional 19,330 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in KB Home by 13.1% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,054,280 shares of the construction company’s stock worth $59,472,000 after purchasing an additional 122,457 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in KB Home by 36.4% during the third quarter. Bank of America Corp DE now owns 1,033,287 shares of the construction company’s stock worth $65,758,000 after purchasing an additional 275,965 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KBH shares. Zacks Research upgraded shares of KB Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $53.00 price target on shares of KB Home in a report on Wednesday, June 24th. Seaport Research Partners reaffirmed a “sell” rating and set a $43.00 price objective (down from $65.00) on shares of KB Home in a research report on Tuesday, April 7th. Weiss Ratings raised shares of KB Home from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Finally, UBS Group increased their price objective on shares of KB Home from $63.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, KB Home currently has a consensus rating of “Hold” and a consensus price target of $60.17.

KB Home Price Performance

Shares of NYSE KBH opened at $55.59 on Friday. The firm has a market capitalization of $3.41 billion, a PE ratio of 19.37, a P/E/G ratio of 9.36 and a beta of 1.34. KB Home has a 1-year low of $44.03 and a 1-year high of $68.71. The business’s fifty day moving average price is $54.09 and its two-hundred day moving average price is $55.71.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). KB Home had a net margin of 4.94% and a return on equity of 7.67%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm posted $1.50 EPS. The business’s revenue was down 27.3% compared to the same quarter last year. Equities research analysts expect that KB Home will post 3.3 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be given a $0.25 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.00 annualized dividend and a yield of 1.8%. KB Home’s dividend payout ratio is 34.84%.

KB Home Company Profile

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.