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

KB Home (NYSE:KBH) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Shareholders of record on Thursday, February 6th will be paid a dividend of 0.25 per share by the construction company on Thursday, February 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, February 6th.

KB Home has increased its dividend payment by an average of 16.6% annually over the last three years. KB Home has a dividend payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect KB Home to earn $9.31 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 10.7%.

KB Home Price Performance

Shares of KB Home stock traded down $0.90 on Friday, reaching $66.82. The company had a trading volume of 664,963 shares, compared to its average volume of 1,683,391. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 7.89, a P/E/G ratio of 0.93 and a beta of 1.86. The firm’s 50-day moving average price is $71.83 and its two-hundred day moving average price is $77.90. KB Home has a 1 year low of $58.15 and a 1 year high of $89.70.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.44 by $0.08. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. KB Home’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.85 earnings per share. As a group, analysts anticipate that KB Home will post 8.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of KB Home from $74.00 to $65.00 and set an “underweight” rating for the company in a research note on Monday, January 13th. Keefe, Bruyette & Woods dropped their price objective on KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday, January 17th. Barclays decreased their target price on KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. UBS Group cut their price target on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Raymond James reiterated an “outperform” rating and set a $80.00 price objective (down previously from $93.00) on shares of KB Home in a report on Tuesday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $76.63.

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.