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

KB Home (NYSE:KBH) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Stockholders of record on Thursday, February 6th will be paid a dividend of 0.25 per share by the construction company on Thursday, February 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, February 6th.

KB Home has increased its dividend by an average of 16.6% per year over the last three years. KB Home has a dividend payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect KB Home to earn $9.31 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 10.7%.

KB Home Price Performance

Shares of KBH stock opened at $66.82 on Friday. KB Home has a one year low of $58.15 and a one year high of $89.70. The business’s 50 day simple moving average is $71.83 and its 200 day simple moving average is $77.90. The stock has a market capitalization of $4.90 billion, a PE ratio of 7.89, a PEG ratio of 0.93 and a beta of 1.86.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the company posted $1.85 earnings per share. KB Home’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, research analysts expect that KB Home will post 8.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KBH has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Keefe, Bruyette & Woods cut their target price on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research note on Friday, January 17th. Bank of America reduced their price target on shares of KB Home from $80.00 to $76.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Evercore ISI upped their price objective on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Finally, UBS Group reduced their target price on KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $76.63.

About KB Home

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.