KB Home (KBH) Plans Quarterly Dividend of $0.03
KB Home (NYSE:KBH) announced a quarterly dividend on Thursday, October 5th, RTT News reports. Investors of record on Thursday, November 2nd will be given a dividend of 0.025 per share by the construction company on Thursday, November 16th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.39%.
KB Home has a payout ratio of 5.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect KB Home to earn $2.08 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 4.8%.
KB Home (KBH) traded up 1.06% during midday trading on Thursday, hitting $25.64. 3,163,178 shares of the company were exchanged. The stock has a market capitalization of $2.20 billion, a PE ratio of 18.33 and a beta of 1.54. KB Home has a one year low of $14.06 and a one year high of $25.74. The firm’s 50-day moving average price is $21.95 and its 200-day moving average price is $21.74.
KB Home (NYSE:KBH) last posted its quarterly earnings results on Thursday, September 28th. The construction company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. KB Home had a net margin of 3.22% and a return on equity of 7.57%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the company posted $0.42 EPS. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. Equities research analysts anticipate that KB Home will post $1.73 earnings per share for the current year.
In other news, insider Jeffrey T. Mezger sold 400,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $22.81, for a total value of $9,124,000.00. Following the transaction, the insider now owns 682,996 shares in the company, valued at approximately $15,579,138.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William R. Hollinger sold 57,405 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $23.19, for a total transaction of $1,331,221.95. Following the completion of the transaction, the senior vice president now owns 214,306 shares in the company, valued at approximately $4,969,756.14. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by insiders.
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Several equities research analysts recently commented on KBH shares. Deutsche Bank AG lifted their target price on shares of KB Home from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, June 30th. MKM Partners reiterated a “neutral” rating on shares of KB Home in a research report on Tuesday, September 5th. Wedbush cut their target price on shares of KB Home from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, June 15th. Royal Bank Of Canada reiterated a “hold” rating and set a $25.00 target price on shares of KB Home in a research report on Tuesday, August 29th. Finally, KeyCorp reiterated a “hold” rating on shares of KB Home in a research report on Tuesday, September 26th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $21.93.
KB Home Company Profile
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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