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

KB Home (NYSE:KBH) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Thursday, May 7th will be given a dividend of 0.25 per share by the construction company on Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, May 7th.

KB Home has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. KB Home has a payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KB Home to earn $4.40 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 22.7%.

KB Home Trading Up 1.1%

KBH stock opened at $56.17 on Friday. The company has a market capitalization of $3.52 billion, a PE ratio of 14.26, a P/E/G ratio of 9.70 and a beta of 1.50. KB Home has a 12-month low of $48.17 and a 12-month high of $68.71. The business’s fifty day moving average price is $56.14 and its 200 day moving average price is $59.22.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, March 24th. The construction company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. KB Home had a return on equity of 9.63% and a net margin of 5.96%.The company’s quarterly revenue was down 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.49 EPS. Research analysts predict that KB Home will post 3.13 EPS for the current fiscal year.

Analyst Ratings Changes

KBH has been the topic of several research analyst reports. Truist Financial cut their price objective on KB Home from $65.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, March 25th. The Goldman Sachs Group cut their price objective on KB Home from $65.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, March 25th. JPMorgan Chase & Co. cut their price objective on KB Home from $71.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, December 29th. Bank of America cut their price objective on KB Home from $63.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, March 25th. Finally, Seaport Research Partners reiterated a “sell” rating and issued a $43.00 price objective (down from $65.00) on shares of KB Home in a report on Tuesday, April 7th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $59.50.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.