KB Home (KBH) To Go Ex-Dividend on May 8th

KB Home (NYSE:KBH) announced a quarterly dividend on Thursday, April 18th, Wall Street Journal reports. Stockholders of record on Thursday, May 9th will be paid a dividend of 0.25 per share by the construction company on Thursday, May 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, May 8th. This is an increase from KB Home’s previous quarterly dividend of $0.20.

KB Home has increased its dividend payment by an average of 18.6% annually over the last three years and has increased its dividend every year for the last 2 years. KB Home has a dividend payout ratio of 12.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect KB Home to earn $8.72 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 11.5%.

KB Home Price Performance

Shares of NYSE KBH opened at $68.78 on Monday. The stock has a market cap of $5.22 billion, a P/E ratio of 9.36, a price-to-earnings-growth ratio of 0.78 and a beta of 1.74. KB Home has a 1 year low of $42.11 and a 1 year high of $72.00. The firm has a 50-day moving average of $66.59 and a 200 day moving average of $60.21.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.19. KB Home had a return on equity of 15.78% and a net margin of 9.29%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business earned $1.45 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts expect that KB Home will post 8.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on KBH shares. Raymond James raised their price target on shares of KB Home from $61.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Wedbush lifted their target price on shares of KB Home from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Barclays increased their price target on KB Home from $75.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. UBS Group lifted their price objective on KB Home from $82.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Finally, The Goldman Sachs Group increased their target price on KB Home from $61.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $66.11.

Insider Buying and Selling

In other news, CFO Jeff Kaminski sold 38,386 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,294,522.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.52% of the stock is currently owned by company insiders.

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.