KB Home (NYSE:KBH) Stock Position Raised by Van ECK Associates Corp

Van ECK Associates Corp raised its position in KB Home (NYSE:KBH) by 40.0% during the 3rd quarter, Holdings Channel.com reports. 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’s holdings in KB Home were worth $3,780,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. American Century Companies Inc. raised its position in KB Home by 9.6% in the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock worth $118,244,000 after acquiring an additional 147,326 shares in the last quarter. LSV Asset Management grew its position in KB Home by 118.4% in the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock worth $74,138,000 after acquiring an additional 572,800 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of KB Home by 2.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 898,587 shares of the construction company’s stock worth $63,692,000 after buying an additional 18,981 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in KB Home by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 872,761 shares of the construction company’s stock valued at $61,250,000 after purchasing an additional 3,993 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in shares of KB Home by 10.8% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 695,966 shares of the construction company’s stock valued at $48,843,000 after purchasing an additional 67,628 shares during the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Stock Up 2.2 %

NYSE:KBH opened at $82.20 on Friday. The firm has a market capitalization 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. The stock’s 50 day moving average price is $82.12 and its two-hundred day moving average price is $76.61. KB Home has a twelve month low of $50.08 and a twelve month high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.02). KB Home had a net margin of 9.31% and a return on equity of 15.69%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the firm earned $1.80 earnings per share. KB Home’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, analysts anticipate that KB Home will post 8.44 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, November 14th. KB Home’s dividend payout ratio is currently 12.82%.

Insider Activity at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at approximately $2,737,156.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.44% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KBH. The Goldman Sachs Group boosted their price target on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. 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 on the stock. in a research report on Thursday, September 5th. Barclays upped their target price on shares of KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company downgraded shares of KB Home from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $80.00 to $83.00 in a research note on Monday, October 7th. Finally, Wedbush upped 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. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, KB Home presently has an average rating of “Hold” and a consensus 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.