KB Home (NYSE:KBH) Announces $0.25 Quarterly Dividend

KB Home (NYSE:KBH - Get Free Report) declared a quarterly dividend on Monday, April 21st, Wall Street Journal reports. Investors of record on Thursday, May 8th will be given a dividend of 0.25 per share by the construction company on Thursday, May 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, May 8th.

KB Home has increased its dividend by an average of 16.6% annually over the last three years. KB Home has a dividend payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of KBH traded down $0.58 during midday trading on Friday, reaching $53.69. The stock had a trading volume of 935,821 shares, compared to its average volume of 1,318,318. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. The company's 50-day moving average is $58.06 and its 200 day moving average is $68.04. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.07). The firm had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm's quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 EPS. On average, equities analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.89% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Seaport Res Ptn upgraded shares of KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Bank of America decreased their price objective on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Raymond James restated an "outperform" rating and set a $80.00 target price (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Wells Fargo & Company decreased their price target on KB Home from $57.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, April 14th. Finally, Barclays dropped their price objective on KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, KB Home currently has a consensus rating of "Hold" and an average price target of $71.04.

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.