KB Home (NYSE:KBH) Shareholders Set to Receive $0.25 Quarterly Dividend

KB Home (NYSE:KBH) declared a quarterly dividend on Thursday, October 8th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.25 per share by the construction company on Wednesday, November 25th. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 12th.

KB Home has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. KB Home has a dividend payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KB Home to earn $3.77 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 26.5%.

KB Home Stock Performance

NYSE:KBH opened at $44.38 on Friday. The stock has a fifty day moving average price of $51.75 and a 200-day moving average price of $52.74. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 2.29 and a beta of 1.34. KB Home has a fifty-two week low of $43.37 and a fifty-two week high of $67.57.

KB Home (NYSE:KBH) last released its earnings results on Tuesday, September 22nd. The construction company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.17. KB Home had a return on equity of 6.56% and a net margin of 4.39%.The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the firm posted $1.61 EPS. KB Home’s quarterly revenue was down 20.0% on a year-over-year basis. Research analysts predict that KB Home will post 3.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on KBH. Keefe, Bruyette & Woods cut their price objective on shares of KB Home from $65.00 to $54.00 and set a “market perform” rating for the company in a research report on Monday. Citizens Jmp decreased their target price on shares of KB Home from $77.00 to $70.00 and set a “market outperform” rating on the stock in a report on Wednesday, September 23rd. Wall Street Zen cut shares of KB Home from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Barclays reduced their price target on shares of KB Home from $57.00 to $49.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 23rd. Finally, Zacks Research cut KB Home from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 17th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, KB Home currently has a consensus rating of “Hold” and a consensus price target of $53.08.

KB Home Company Profile

KB Home is a national homebuilder that designs, constructs and sells single-family homes and townhomes. The company offers homes in a range of floor plans, sizes and price points, with options that allow buyers to personalize features and finishes. Its communities typically include amenities such as parks, open spaces and other neighborhood improvements.

Founded in 1957, KB Home is headquartered in Los Angeles, California. The company serves residential markets across the United States, including Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.