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

KB Home (NYSE:KBH) announced a quarterly dividend on Monday, April 21st, Wall Street Journal reports. Stockholders of record on Thursday, May 8th will be given a dividend of 0.25 per share by the construction company on Thursday, May 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, May 8th.

KB Home has increased its dividend by an average of 16.6% per year over the last three years. KB Home has a payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect KB Home to earn $9.14 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 $51.18 on Tuesday. The firm has a market capitalization of $3.67 billion, a PE ratio of 6.04, a PEG ratio of 0.90 and a beta of 1.65. The stock’s fifty day moving average is $58.71 and its 200 day moving average is $68.43. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.07). The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.76 earnings per share. On average, sell-side analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

Insider Buying and Selling at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KBH. StockNews.com cut KB Home from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. Keefe, Bruyette & Woods reduced their price target on shares of KB Home from $76.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 26th. Seaport Res Ptn raised shares of KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Wells Fargo & Company lowered their price target on KB Home from $57.00 to $55.00 and set an “underweight” rating for the company in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered their target price on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, KB Home has an average rating of “Hold” and a consensus target price of $71.04.

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.