KB Home (KBH) Declares Quarterly Dividend of $0.03
KB Home (NYSE:KBH) announced a quarterly dividend on Thursday, October 5th, RTT News reports. Shareholders of record on Thursday, November 2nd will be paid a dividend of 0.025 per share by the construction company on Thursday, November 16th. This represents a $0.10 annualized dividend and a yield of 0.39%.
KB Home has a dividend payout ratio of 5.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect KB Home to earn $2.12 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 4.7%.
Shares of KB Home (KBH) opened at 25.64 on Friday. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 18.33 and a beta of 1.54. KB Home has a 12 month low of $14.06 and a 12 month high of $25.74. The firm has a 50-day moving average price of $22.01 and a 200 day moving average price of $21.77.
KB Home (NYSE:KBH) last announced its quarterly earnings results on Thursday, September 28th. The construction company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. KB Home had a return on equity of 7.57% and a net margin of 3.22%. KB Home’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 EPS. On average, analysts anticipate that KB Home will post $1.73 EPS for the current fiscal year.
In other KB Home news, insider Jeffrey T. Mezger sold 400,000 shares of KB Home stock in a transaction on Monday, August 14th. The stock was sold at an average price of $22.81, for a total value of $9,124,000.00. Following the completion of the transaction, the insider now owns 682,996 shares in the company, valued at approximately $15,579,138.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP William R. Hollinger sold 57,405 shares of KB Home stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $23.19, for a total value of $1,331,221.95. Following the completion of the transaction, the senior vice president now owns 214,306 shares of the company’s stock, valued at approximately $4,969,756.14. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.
KBH has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $24.00 price target on shares of KB Home in a research note on Friday, September 29th. BidaskClub lowered KB Home from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. MKM Partners reaffirmed a “neutral” rating and issued a $26.00 price target (up previously from $24.00) on shares of KB Home in a research note on Monday. KeyCorp reaffirmed a “hold” rating on shares of KB Home in a research note on Tuesday, September 26th. Finally, Mizuho lowered KB Home from a “neutral” rating to an “underperform” rating and set a $21.00 price target on the stock. in a research note on Monday, July 10th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $21.93.
About KB Home
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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