Systematic Financial Management LP Acquires 20,866 Shares of KB Home (NYSE:KBH)

Systematic Financial Management LP raised its holdings in shares of KB Home (NYSE:KBH - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 490,303 shares of the construction company's stock after acquiring an additional 20,866 shares during the quarter. Systematic Financial Management LP owned approximately 0.68% of KB Home worth $32,223,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Xponance Inc. boosted its position in shares of KB Home by 1.7% during the fourth quarter. Xponance Inc. now owns 9,815 shares of the construction company's stock valued at $645,000 after buying an additional 163 shares during the period. Principal Securities Inc. lifted its holdings in KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock worth $39,000 after buying an additional 179 shares during the period. Blue Trust Inc. lifted its holdings in shares of KB Home by 15.3% during the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company's stock valued at $96,000 after purchasing an additional 194 shares during the last quarter. Amundi lifted its holdings in shares of KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company's stock valued at $58,000 after purchasing an additional 201 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of KB Home by 0.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company's stock valued at $2,433,000 after purchasing an additional 206 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KBH. Raymond James reaffirmed an "outperform" rating and set a $80.00 price target (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. UBS Group decreased 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 note on Tuesday, March 25th. Barclays decreased their target price on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. Royal Bank of Canada cut their price target on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a report on Tuesday, March 25th. Finally, Bank of America dropped their target price on shares of KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, KB Home presently has an average rating of "Hold" and a consensus target price of $71.23.

Insider Activity

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $54.38, for a total value of $271,900.00. Following the sale, the director now directly owns 10,262 shares in the company, valued at approximately $558,047.56. This trade represents a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.89% of the stock is owned by insiders.

KB Home Stock Performance

Shares of KBH opened at $54.96 on Friday. The company's 50 day moving average price is $55.52 and its 200 day moving average price is $65.14. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70. The company has a market capitalization of $3.94 billion, a PE ratio of 6.49, a PEG ratio of 0.90 and a beta of 1.45. 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 earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) 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 company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm posted $1.76 EPS. The company's revenue was down 5.2% compared to the same quarter last year. Research analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.82%. KB Home's dividend payout ratio (DPR) is currently 12.20%.

KB Home Profile

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.

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