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

KB Home (NYSE:KBH - Get Free Report) announced a quarterly dividend on Friday, July 11th, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Thursday, August 7th.

KB Home has a dividend payout ratio of 13.5% indicating that 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 Price Performance

Shares of NYSE:KBH traded down $0.55 during midday trading on Friday, reaching $55.63. 930,050 shares of the company's stock were exchanged, compared to its average volume of 1,332,206. KB Home has a 12 month low of $48.90 and a 12 month high of $89.70. The firm has a market capitalization of $3.99 billion, a PE ratio of 7.37, a price-to-earnings-growth ratio of 4.50 and a beta of 1.34. The company's 50 day simple moving average is $53.16 and its two-hundred day simple moving average is $58.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.60 and a current ratio of 5.83.

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

Analysts Set New Price Targets

Several brokerages have recently commented on KBH. Royal Bank Of Canada lowered their price target 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. Wall Street Zen lowered shares of KB Home from a "hold" rating to a "sell" rating in a research note on Saturday, June 28th. Wedbush reissued a "neutral" rating and set a $75.00 price objective on shares of KB Home in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods cut their price target on shares of KB Home from $65.00 to $58.00 and set a "market perform" rating on the stock in a research note on Thursday, June 26th. Finally, Bank of America cut their price target on shares of KB Home from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $66.14.

Insiders Place Their Bets

In related news, Director Arthur Reginald Collins sold 5,000 shares of the business's stock in a transaction 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. The trade was a 32.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.89% of the company's stock.

Hedge Funds Weigh In On KB Home

An institutional investor recently bought a new position in KB Home stock. United Services Automobile Association acquired a new stake in KB Home (NYSE:KBH - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,922 shares of the construction company's stock, valued at approximately $226,000. 96.09% of the stock is owned by institutional investors and hedge funds.

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.

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