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

KB Home (NYSE:KBH) announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Thursday, May 7th will be given a dividend of 0.25 per share by the construction company on Thursday, May 21st. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, May 7th.

KB Home has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. KB Home has a dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect KB Home to earn $4.40 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 22.7%.

KB Home Stock Up 1.1%

Shares of KBH opened at $56.17 on Friday. The business has a 50-day simple moving average of $56.14 and a two-hundred day simple moving average of $59.22. KB Home has a 52 week low of $48.17 and a 52 week high of $68.71. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 9.70 and a beta of 1.50.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, March 24th. The construction company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. KB Home had a return on equity of 9.63% and a net margin of 5.96%.The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the company posted $1.49 EPS. The firm’s revenue was down 22.6% on a year-over-year basis. On average, equities analysts anticipate that KB Home will post 3.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. The Goldman Sachs Group decreased their price objective on shares of KB Home from $65.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KB Home in a report on Thursday, January 22nd. Bank of America cut their price target on KB Home from $63.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday, March 25th. Wall Street Zen cut KB Home from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Finally, Royal Bank Of Canada dropped their price objective on KB Home from $54.00 to $53.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 25th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, KB Home currently has an average rating of “Hold” and a consensus target price of $59.50.

KB Home Company Profile

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.