KB Home (KBH) To Go Ex-Dividend on February 6th

KB Home (NYSE:KBH) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend 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. Research 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 Trading Down 2.5 %

Shares of NYSE KBH opened at $65.42 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. KB Home has a 52-week low of $58.15 and a 52-week high of $89.70. The firm has a 50 day moving average price of $70.62 and a two-hundred day moving average price of $77.73. The stock has a market cap of $4.72 billion, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 0.97 and a beta of 1.86.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the company posted $1.85 earnings per share. As a group, equities analysts forecast that KB Home will post 8.42 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays lowered their price objective on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Raymond James reiterated an “outperform” rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Evercore ISI lifted their target price on shares of KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and reduced their target price for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Finally, Bank of America reduced their target price on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.21.

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.