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

KB Home (NYSE:KBH) declared a quarterly dividend on Friday, January 24th,Wall Street Journal reports. Shareholders of record on Thursday, February 6th will be given 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 raised its dividend by an average of 16.6% annually over the last three years. KB Home has a payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 1.3 %

Shares of KBH traded down $0.90 during mid-day trading on Friday, hitting $66.82. 657,322 shares of the company’s stock traded hands, compared to its average volume of 1,682,628. The firm has a market capitalization of $4.90 billion, a P/E ratio of 7.89, a PEG ratio of 0.93 and a beta of 1.86. The business’s 50-day moving average price is $71.83 and its 200-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 issued 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. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the business earned $1.85 EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Sell-side analysts anticipate that KB Home will post 8.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KBH shares. Evercore ISI increased their target price on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating 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. Keefe, Bruyette & Woods decreased their price objective on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday, January 17th. Wells Fargo & Company lowered their price target on KB Home from $74.00 to $65.00 and set an “underweight” rating on the stock in a report on Monday, January 13th. Finally, Royal Bank of Canada upgraded KB Home from an “underperform” rating to a “sector perform” rating and reduced their price objective for the stock from $70.00 to $67.00 in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, KB Home has an average rating of “Hold” and a consensus target price of $76.63.

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.