KB Home (KBH) Stake Decreased by Systematic Financial Management LP

Systematic Financial Management LP decreased its stake in KB Home (NYSE:KBH) by 6.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,880,497 shares of the company’s stock after selling 182,830 shares during the period. KB Home comprises 0.7% of Systematic Financial Management LP’s holdings, making the stock its 28th largest position. Systematic Financial Management LP owned approximately 3.39% of KB Home worth $45,541,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KBH. Federated Investors Inc. PA boosted its position in KB Home by 29.4% in the fourth quarter. Federated Investors Inc. PA now owns 197,525 shares of the company’s stock valued at $3,123,000 after buying an additional 44,878 shares in the last quarter. TCW Group Inc. boosted its position in KB Home by 3.1% in the fourth quarter. TCW Group Inc. now owns 194,652 shares of the company’s stock valued at $3,078,000 after buying an additional 5,914 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in KB Home by 19.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,422,346 shares of the company’s stock valued at $38,298,000 after buying an additional 402,390 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in KB Home by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,316 shares of the company’s stock valued at $195,000 after buying an additional 80 shares in the last quarter. Finally, Comerica Bank boosted its position in KB Home by 6.8% in the fourth quarter. Comerica Bank now owns 61,149 shares of the company’s stock valued at $994,000 after buying an additional 3,871 shares in the last quarter. 95.74% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for KB Home (NYSE:KBH)

Shares of KB Home (NYSE:KBH) traded down 1.15% on Monday, reaching $16.36. 2,124,672 shares of the company traded hands. KB Home has a 1-year low of $9.74 and a 1-year high of $17.38. The stock has a 50-day moving average price of $16.42 and a 200 day moving average price of $15.79. The firm has a market capitalization of $1.39 billion, a P/E ratio of 14.61 and a beta of 1.93.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Wednesday, January 11th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. KB Home had a net margin of 2.94% and a return on equity of 6.35%. The business earned $1.19 billion during the quarter. During the same quarter in the prior year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. Analysts anticipate that KB Home will post $1.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 23rd. Stockholders of record on Thursday, February 9th will be issued a $0.025 dividend. The ex-dividend date is Tuesday, February 7th. This represents a $0.10 annualized dividend and a dividend yield of 0.61%. KB Home’s dividend payout ratio is currently 8.85%.

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Several research firms have commented on KBH. BTIG Research began coverage on shares of KB Home in a research report on Tuesday, February 7th. They set a “sell” rating and a $13.00 target price on the stock. Zacks Investment Research cut shares of KB Home from a “hold” rating to a “sell” rating in a research report on Tuesday, January 31st. Raymond James Financial, Inc. reissued an “underperform” rating on shares of KB Home in a research report on Tuesday, January 24th. JMP Securities reaffirmed an “outperform” rating and issued a $20.00 price target (up previously from $19.00) on shares of KB Home in a report on Sunday, January 15th. Finally, Evercore ISI cut shares of KB Home from a “hold” rating to a “sell” rating and set a $14.00 price target on the stock. in a report on Thursday, January 12th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $15.76.

About KB Home

KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.

5 Day Chart for NYSE:KBH

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