KB Home (NYSE:KBH) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in shares of KB Home (NYSE:KBH - Free Report) by 40.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,117 shares of the construction company's stock after acquiring an additional 12,605 shares during the quarter. Van ECK Associates Corp owned 0.06% of KB Home worth $3,780,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of KBH. Wealth Enhancement Advisory Services LLC grew its stake in shares of KB Home by 0.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company's stock worth $1,842,000 after purchasing an additional 161 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of KB Home by 0.9% during the second quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company's stock worth $1,304,000 after purchasing an additional 162 shares in the last quarter. CWM LLC grew its stake in shares of KB Home by 10.2% during the third quarter. CWM LLC now owns 1,975 shares of the construction company's stock worth $169,000 after purchasing an additional 183 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of KB Home by 3.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company's stock worth $353,000 after purchasing an additional 189 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of KB Home by 1.6% during the first quarter. US Bancorp DE now owns 12,317 shares of the construction company's stock worth $873,000 after purchasing an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

KB Home Stock Up 2.2 %

NYSE KBH traded up $1.80 during trading hours on Friday, hitting $82.20. 855,661 shares of the stock were exchanged, compared to its average volume of 1,047,392. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 0.68 and a beta of 1.81. KB Home has a 12-month low of $50.08 and a 12-month high of $89.70. The stock has a 50-day moving average of $82.12 and a 200 day moving average of $76.69.

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

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. KB Home's dividend payout ratio (DPR) is presently 12.82%.

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $79.40, for a total value of $2,183,500.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at approximately $2,737,156.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.44% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KBH. Evercore ISI boosted their target price on shares of KB Home from $86.00 to $89.00 and gave the stock an "outperform" rating in a research note on Monday, July 15th. Bank of America boosted their target price on shares of KB Home from $75.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, September 19th. Wells Fargo & Company downgraded shares of KB Home from an "equal weight" rating to an "underweight" rating and upped their price objective for the company from $80.00 to $83.00 in a research note on Monday, October 7th. Barclays upped their price objective on shares of KB Home from $78.00 to $99.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Finally, Wedbush upped their price objective 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. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $77.50.

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.