Systematic Financial Management LP Cuts Position in KB Home (NYSE:KBH)

Systematic Financial Management LP decreased its position in shares of KB Home (NYSE:KBH) by 4.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 441,124 shares of the construction company’s stock after selling 19,691 shares during the period. KB Home comprises 0.9% of Systematic Financial Management LP’s investment portfolio, making the stock its 25th biggest position. Systematic Financial Management LP’s holdings in KB Home were worth $30,958,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capstone Investment Advisors LLC purchased a new stake in KB Home during the 1st quarter worth about $935,000. Hancock Whitney Corp lifted its stake in KB Home by 311.0% in the first quarter. Hancock Whitney Corp now owns 16,219 shares of the construction company’s stock worth $1,150,000 after acquiring an additional 12,273 shares during the last quarter. Virtu Financial LLC acquired a new position in KB Home during the 1st quarter worth approximately $1,078,000. Entropy Technologies LP acquired a new position in shares of KB Home during the first quarter worth $640,000. Finally, FCF Advisors LLC increased its holdings in shares of KB Home by 102.9% in the 1st quarter. FCF Advisors LLC now owns 21,882 shares of the construction company’s stock valued at $1,551,000 after acquiring an additional 11,099 shares during the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wedbush increased their target price on shares of KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday. Keefe, Bruyette & Woods lifted their target price on KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. The Goldman Sachs Group upped their target price on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada lowered KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research report on Thursday, September 5th. Finally, Barclays increased their price objective on KB Home from $78.00 to $99.00 and gave the company an “overweight” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, KB Home currently has an average rating of “Hold” and an average price target of $77.27.

KB Home Stock Up 2.0 %

Shares of KBH opened at $85.94 on Friday. KB Home has a 52-week low of $42.11 and a 52-week high of $89.70. The company has a 50-day simple moving average of $82.58 and a 200-day simple moving average of $73.62. The company has a market capitalization of $6.46 billion, a PE ratio of 11.37, a P/E/G ratio of 0.89 and a beta of 1.81.

KB Home (NYSE:KBH) last issued its earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. KB Home had a net margin of 9.43% and a return on equity of 15.66%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the business posted $1.80 earnings per share. On average, research analysts anticipate that KB Home will post 8.38 EPS for the current year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, August 8th. KB Home’s dividend payout ratio (DPR) is presently 13.23%.

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.