Systematic Financial Management LP Has $32.22 Million Position in KB Home (NYSE:KBH)

Systematic Financial Management LP raised its position in shares of KB Home (NYSE:KBH - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 490,303 shares of the construction company's stock after buying an additional 20,866 shares during the period. Systematic Financial Management LP owned about 0.68% of KB Home worth $32,223,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Rafferty Asset Management LLC grew its position in KB Home by 45.6% during the 4th quarter. Rafferty Asset Management LLC now owns 49,237 shares of the construction company's stock worth $3,236,000 after acquiring an additional 15,423 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in KB Home in the fourth quarter worth $125,000. Point72 Hong Kong Ltd acquired a new position in KB Home in the fourth quarter worth $1,379,000. ProShare Advisors LLC grew its holdings in shares of KB Home by 36.3% during the fourth quarter. ProShare Advisors LLC now owns 21,606 shares of the construction company's stock worth $1,420,000 after purchasing an additional 5,753 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of KB Home during the fourth quarter worth $219,000. Institutional investors own 96.09% of the company's stock.

KB Home Trading Down 1.0%

KBH traded down $0.51 during trading on Thursday, reaching $50.87. 431,546 shares of the company's stock were exchanged, compared to its average volume of 1,300,217. The company's fifty day moving average price is $55.06 and its 200-day moving average price is $64.61. The firm has a market capitalization of $3.65 billion, a PE ratio of 6.01, a P/E/G ratio of 0.90 and a beta of 1.45. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business earned $1.76 earnings per share. The company's revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, equities analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a $0.25 dividend. The ex-dividend date is Thursday, May 8th. This represents a $1.00 annualized dividend and a yield of 1.97%. KB Home's dividend payout ratio is currently 12.20%.

Insider Buying and Selling

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $54.38, for a total value of $271,900.00. Following the sale, the director now owns 10,262 shares in the company, valued at approximately $558,047.56. The trade was a 32.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.89% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. UBS Group reduced their price target on shares of KB Home from $97.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Wall Street Zen downgraded shares of KB Home from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. The Goldman Sachs Group decreased their price target on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Wedbush restated a "neutral" rating and issued a $75.00 price objective on shares of KB Home in a research report on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods reduced their price objective on KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $71.23.

About KB Home

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.