Systematic Financial Management LP Purchases 28,313 Shares of KB Home (NYSE:KBH)

Systematic Financial Management LP raised its stake in KB Home (NYSE:KBH - Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 469,437 shares of the construction company's stock after purchasing an additional 28,313 shares during the quarter. KB Home accounts for about 1.0% of Systematic Financial Management LP's portfolio, making the stock its 17th biggest position. Systematic Financial Management LP owned approximately 0.64% of KB Home worth $40,226,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FMR LLC raised its position in KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company's stock valued at $463,690,000 after buying an additional 1,752,498 shares during the last quarter. Holocene Advisors LP purchased a new position in KB Home during the third quarter worth about $89,899,000. LSV Asset Management grew its position in KB Home by 118.4% in the 2nd quarter. LSV Asset Management now owns 1,056,400 shares of the construction company's stock worth $74,138,000 after purchasing an additional 572,800 shares in the last quarter. WINTON GROUP Ltd increased its stake in KB Home by 754.7% in the 2nd quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company's stock valued at $14,512,000 after buying an additional 182,595 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company's stock worth $77,655,000 after buying an additional 164,010 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

Analyst Upgrades and Downgrades

KBH has been the topic of a number of recent analyst reports. Bank of America lifted their price target on KB Home from $75.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, September 19th. The Goldman Sachs Group raised their price objective on shares of KB Home from $72.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday, September 3rd. Wedbush boosted their target price on shares of KB Home from $67.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. Royal Bank of Canada lowered shares of KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 price target for the company. in a research note on Thursday, September 5th. Finally, Barclays upped their price objective on KB Home from $78.00 to $99.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $77.50.

KB Home Stock Performance

KB Home stock traded down $1.16 during midday trading on Thursday, reaching $78.53. 814,127 shares of the stock were exchanged, compared to its average volume of 1,200,996. KB Home has a 52 week low of $54.94 and a 52 week high of $89.70. The firm has a market cap of $5.76 billion, a PE ratio of 10.22, a PEG ratio of 0.65 and a beta of 1.81. The company's fifty day moving average is $80.99 and its 200-day moving average is $78.18.

KB Home (NYSE:KBH - Get Free Report) last posted its earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.02). The business had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. KB Home's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.80 earnings per share. On average, sell-side analysts anticipate that KB Home will post 8.44 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a $0.25 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.27%. KB Home's dividend payout ratio is presently 12.82%.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $79.40, for a total value of $2,183,500.00. Following the completion of the sale, the chief financial officer now owns 34,473 shares in the company, valued at $2,737,156.20. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.44% of the stock is currently owned by insiders.

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.