KB Home (KBH) To Go Ex-Dividend on November 12th

KB Home (NYSE:KBH) announced a quarterly dividend on Thursday, October 8th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.25 per share by the construction company on Wednesday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 12th.

KB Home has raised its dividend payment by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. KB Home has a dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Analysts expect KB Home to earn $3.77 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 26.5%.

KB Home Stock Down 2.9%

Shares of KBH opened at $43.09 on Friday. The stock’s fifty day simple moving average is $51.51 and its 200-day simple moving average is $52.67. The firm has a market capitalization of $2.64 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 2.31 and a beta of 1.34. KB Home has a 12-month low of $42.88 and a 12-month high of $67.57.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, September 22nd. The construction company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.17. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. KB Home had a return on equity of 6.56% and a net margin of 4.39%. The company’s quarterly revenue was down 20.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.61 EPS. Analysts anticipate that KB Home will post 3.25 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Bank of America lowered their target price on shares of KB Home from $56.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, September 23rd. Melius Research assumed coverage on shares of KB Home in a report on Tuesday. They issued a “sell” rating and a $43.00 target price on the stock. Weiss Ratings lowered shares of KB Home from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. Wall Street Zen downgraded KB Home from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Finally, Barclays dropped their price target on KB Home from $57.00 to $49.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 23rd. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $53.08.

About KB Home

KB Home is a national homebuilder that designs, constructs and sells single-family homes and townhomes. The company offers homes in a range of floor plans, sizes and price points, with options that allow buyers to personalize features and finishes. Its communities typically include amenities such as parks, open spaces and other neighborhood improvements.

Founded in 1957, KB Home is headquartered in Los Angeles, California. The company serves residential markets across the United States, including Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.