KB Home (NYSE:KBH) to Issue Quarterly Dividend of $0.25

KB Home (NYSE:KBH - Get Free Report) announced a quarterly dividend on Monday, April 21st, Wall Street Journal reports. Shareholders of record on Thursday, May 8th will be given a dividend of 0.25 per share by the construction company on Thursday, May 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Thursday, May 8th.

KB Home has increased its dividend payment by an average of 16.6% per year over the last three years. KB Home has a dividend payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. Research 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

Shares of NYSE:KBH traded down $0.58 during trading on Friday, reaching $53.69. The company had a trading volume of 935,821 shares, compared to its average volume of 1,320,032. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The stock's fifty day moving average price is $57.86 and its 200 day moving average price is $67.86. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm posted $1.76 earnings per share. The business's quarterly revenue was down 5.2% compared to the same quarter last year. As a group, equities research analysts predict that KB Home will post 8.42 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 27,500 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.89% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on KBH. UBS Group reduced their price target on KB Home from $97.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Bank of America cut their price target on shares of KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Royal Bank of Canada decreased their price objective on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a report on Tuesday, March 25th. Keefe, Bruyette & Woods reduced their price target on shares of KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a research report on Wednesday, March 26th. Finally, Raymond James restated an "outperform" rating and issued a $80.00 price target (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $71.04.

KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.