KB Home (KBH) To Go Ex-Dividend on February 5th

KB Home (NYSE:KBH) announced a quarterly dividend on Thursday, January 22nd. Stockholders of record on Thursday, February 5th will be paid a dividend of 0.25 per share by the construction company on Thursday, February 19th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, February 5th.

KB Home has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 2 years. KB Home has a payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Analysts expect KB Home to earn $9.14 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 10.9%.

KB Home Stock Performance

KBH stock opened at $59.02 on Friday. The firm has a market cap of $3.82 billion, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 7.96 and a beta of 1.43. KB Home has a 1 year low of $48.90 and a 1 year high of $70.47. The stock has a 50-day simple moving average of $60.75 and a 200-day simple moving average of $61.05.

KB Home (NYSE:KBH) last released its quarterly earnings results on Thursday, December 18th. The construction company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.13. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.66 billion. KB Home had a return on equity of 11.40% and a net margin of 6.88%.KB Home’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.52 EPS. On average, equities research analysts predict that KB Home will post 8.42 EPS for the current year.

Insider Buying and Selling

In other KB Home news, EVP Albert Z. Praw sold 20,284 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $60.08, for a total value of $1,218,662.72. Following the sale, the executive vice president directly owned 104,062 shares in the company, valued at approximately $6,252,044.96. This trade represents a 16.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.89% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KB Home

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp raised its holdings in KB Home by 3.1% during the second quarter. State Street Corp now owns 3,503,159 shares of the construction company’s stock worth $185,562,000 after purchasing an additional 106,926 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of KB Home by 7.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,784,398 shares of the construction company’s stock worth $94,530,000 after buying an additional 123,030 shares in the last quarter. Freestone Grove Partners LP acquired a new stake in shares of KB Home in the third quarter valued at $111,050,000. Invesco Ltd. boosted its stake in KB Home by 1.4% during the third quarter. Invesco Ltd. now owns 1,400,892 shares of the construction company’s stock valued at $89,153,000 after buying an additional 19,330 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its holdings in KB Home by 13.1% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,054,280 shares of the construction company’s stock worth $59,472,000 after acquiring an additional 122,457 shares during the period. Institutional investors own 96.09% of the company’s stock.

About KB Home

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.