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

KB Home (NYSE:KBH - Get Free Report) declared a quarterly dividend on Friday, July 11th, Wall Street Journal reports. Stockholders of record on Thursday, August 7th will be paid a dividend of 0.25 per share by the construction company on Thursday, August 21st. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, August 7th.

KB Home has a payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Equities 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

NYSE:KBH traded down $0.26 during mid-day trading on Monday, hitting $55.35. 1,084,751 shares of the company traded hands, compared to its average volume of 1,320,569. The stock's fifty day moving average price is $53.18 and its 200-day moving average price is $58.19. KB Home has a one year low of $48.90 and a one year high of $89.70. The company has a quick ratio of 0.60, a current ratio of 5.83 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 7.33, a price-to-earnings-growth ratio of 4.47 and a beta of 1.34.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings data on Monday, June 23rd. The construction company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.45 by $0.05. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a net margin of 8.47% and a return on equity of 14.02%. The company's revenue was down 10.5% on a year-over-year basis. During the same period last year, the firm earned $2.15 EPS. Research analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $54.38, for a total transaction of $271,900.00. Following the transaction, the director directly owned 10,262 shares in the company, valued at approximately $558,047.56. This trade represents a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On KB Home

A hedge fund recently raised its stake in KB Home stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of KB Home (NYSE:KBH - Free Report) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,525 shares of the construction company's stock after purchasing an additional 11,103 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.31% of KB Home worth $13,108,000 at the end of the most recent reporting period. 96.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen upgraded KB Home from a "sell" rating to a "hold" rating in a research note on Saturday. UBS Group reduced their target price on KB Home from $86.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, June 24th. Wells Fargo & Company reiterated an "underweight" rating and set a $52.00 price objective (down previously from $53.00) on shares of KB Home in a research report on Tuesday, June 24th. Bank of America lowered their price objective on shares of KB Home from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. Finally, Royal Bank Of Canada lowered their price objective on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $66.14.

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.