KB Home (KBH) to Issue Quarterly Dividend of $0.25 on August 20th

KB Home (NYSE:KBH) announced a quarterly dividend on Thursday, July 9th. Shareholders of record on Thursday, August 6th will be given a dividend of 0.25 per share by the construction company on Thursday, August 20th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, August 6th.

KB Home has raised its dividend payment 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% meaning its dividend is sufficiently covered by earnings. Equities analysts expect KB Home to earn $4.43 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 22.6%.

KB Home Stock Performance

Shares of KBH stock opened at $56.28 on Tuesday. KB Home has a 1 year low of $44.03 and a 1 year high of $68.71. The business’s fifty day moving average is $55.46 and its 200-day moving average is $55.59. The stock has a market cap of $3.45 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 9.11 and a beta of 1.35.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, June 23rd. The construction company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. KB Home had a net margin of 4.94% and a return on equity of 7.67%. The company’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 EPS. Equities research analysts predict that KB Home will post 3.3 earnings per share for the current year.

Analyst Ratings Changes

KBH has been the subject of a number of research analyst reports. Citizens Jmp reissued a “market outperform” rating and issued a $77.00 price target on shares of KB Home in a report on Wednesday, June 24th. Wells Fargo & Company lifted their price objective on shares of KB Home from $50.00 to $52.00 and gave the stock an “underweight” rating in a research note on Wednesday, June 24th. Wall Street Zen upgraded shares of KB Home from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Barclays increased their target price on shares of KB Home from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Finally, UBS Group raised their target price on shares of KB Home from $63.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, KB Home currently has a consensus rating of “Hold” and an average price target of $60.17.

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.