KB Home (NYSE:KBH) Declares $0.25 Quarterly Dividend

KB Home (NYSE:KBH) declared a quarterly dividend on Thursday, October 10th,Wall Street Journal reports. Stockholders of record on Thursday, November 14th will be given a dividend of 0.25 per share by the construction company on Wednesday, November 27th. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Thursday, November 14th.

KB Home has increased its dividend by an average of 18.6% annually over the last three years. KB Home has a dividend payout ratio of 10.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect KB Home to earn $9.15 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 10.9%.

KB Home Stock Performance

NYSE KBH opened at $82.79 on Tuesday. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 0.70 and a beta of 1.81. The business has a 50 day simple moving average of $82.12 and a 200 day simple moving average of $76.77. KB Home has a 52-week low of $50.38 and a 52-week high of $89.70.

KB Home (NYSE:KBH) last issued its quarterly earnings data 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). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.80 EPS. On average, analysts predict that KB Home will post 8.44 EPS for the current year.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction 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 sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,737,156.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.44% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KBH. Barclays upped their price objective on KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Wedbush raised their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. The Goldman Sachs Group boosted their price objective on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada downgraded shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 target price for the company. in a research report on Thursday, September 5th. Finally, Bank of America boosted their price target on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $77.50.

KB Home Company 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.