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

KB Home (NYSE:KBH) declared a quarterly dividend on Thursday, October 10th, Wall Street Journal reports. Shareholders of record on Thursday, November 14th will be given a dividend of 0.25 per share by the construction company on Wednesday, November 27th. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, November 14th.

KB Home has raised its dividend payment by an average of 18.6% annually over the last three years. KB Home has a dividend payout ratio of 11.0% meaning its dividend is sufficiently covered by earnings. Analysts expect KB Home to earn $9.22 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 10.8%.

KB Home Stock Down 0.1 %

NYSE:KBH opened at $79.72 on Friday. The company has a fifty day simple moving average of $82.44 and a two-hundred day simple moving average of $74.57. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 0.69 and a beta of 1.81. KB Home has a 52 week low of $42.11 and a 52 week high of $89.70.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.02). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 EPS. On average, analysts expect that KB Home will post 8.41 EPS for the current year.

Analyst Upgrades and Downgrades

KBH has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price objective on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. Barclays lifted their price objective on shares of KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Wedbush lifted their price objective on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Bank of America lifted their price objective on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, KB Home presently has a consensus rating of “Hold” and an average target price of $77.50.

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.