KB Home (NYSE:KBH) announced a quarterly dividend on Thursday, October 5th, RTT News reports. Investors of record on Thursday, November 2nd will be paid a dividend of 0.025 per share by the construction company on Thursday, November 16th. This represents a $0.10 annualized dividend and a yield of 0.36%. The ex-dividend date is Wednesday, November 1st.
KB Home has a payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect KB Home to earn $2.15 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 4.7%.
Shares of KB Home (NYSE:KBH) traded down $0.40 during mid-day trading on Friday, reaching $28.11. The company had a trading volume of 2,298,100 shares, compared to its average volume of 2,558,005. KB Home has a 12 month low of $15.01 and a 12 month high of $28.56. The stock has a market capitalization of $2,466.12, a PE ratio of 20.51, a price-to-earnings-growth ratio of 0.83 and a beta of 1.66.
KB Home (NYSE:KBH) last released its earnings results on Thursday, September 28th. The construction company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the firm posted $0.42 earnings per share. The company’s quarterly revenue was up 24.8% on a year-over-year basis. equities analysts anticipate that KB Home will post 1.76 EPS for the current year.
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In other KB Home news, EVP Brian J. Woram sold 49,529 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $27.11, for a total transaction of $1,342,731.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Albert Z. Praw sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $25.85, for a total value of $3,877,500.00. The disclosure for this sale can be found here. Insiders have sold 599,529 shares of company stock valued at $14,344,231 in the last quarter. 8.60% of the stock is currently owned by company insiders.
A number of equities research analysts have recently commented on the company. UBS AG began coverage on KB Home in a research note on Wednesday, October 25th. They issued a “sell” rating and a $24.00 target price on the stock. Wedbush downgraded KB Home from an “outperform” rating to a “neutral” rating in a report on Thursday, October 19th. Zacks Investment Research raised KB Home from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Wednesday, October 4th. MKM Partners reaffirmed a “neutral” rating and set a $26.00 price target (up from $24.00) on shares of KB Home in a report on Monday, October 2nd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $24.00 price target (up from $23.00) on shares of KB Home in a report on Monday, October 2nd. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. KB Home currently has an average rating of “Hold” and a consensus target price of $22.06.
About KB Home
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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