KB Home (NYSE:KBH) Announces $0.09 Quarterly Dividend

KB Home (NYSE:KBH) announced a quarterly dividend on Thursday, October 3rd, RTT News reports. Shareholders of record on Thursday, November 7th will be paid a dividend of 0.09 per share by the construction company on Thursday, November 28th. This represents a $0.36 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, November 13th.

KBH stock traded up $0.18 during mid-day trading on Wednesday, hitting $34.52. 833,707 shares of the company were exchanged, compared to its average volume of 1,729,912. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.52 and a current ratio of 4.82. The firm has a market cap of $3.06 billion, a P/E ratio of 12.24, a P/E/G ratio of 1.31 and a beta of 1.27. The firm’s 50 day simple moving average is $34.97 and its 200 day simple moving average is $29.66. KB Home has a 1-year low of $18.24 and a 1-year high of $37.40.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Wednesday, September 25th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.07. KB Home had a net margin of 5.58% and a return on equity of 11.18%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the company earned $0.87 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. On average, equities research analysts predict that KB Home will post 2.85 EPS for the current fiscal year.

A number of research firms have recently issued reports on KBH. Raymond James upgraded shares of KB Home from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a report on Wednesday, September 25th. Buckingham Research lifted their price objective on shares of KB Home from $33.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, September 26th. KeyCorp lifted their price objective on shares of KB Home from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, September 26th. ValuEngine downgraded shares of KB Home from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Finally, BTIG Research reiterated a “hold” rating on shares of KB Home in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $32.78.

In other news, EVP Brian J. Woram sold 41,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $30.09, for a total value of $1,233,690.00. Following the completion of the sale, the executive vice president now owns 182,770 shares of the company’s stock, valued at $5,499,549.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jeff Kaminski sold 13,657 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $36.26, for a total transaction of $495,202.82. Following the completion of the sale, the chief financial officer now directly owns 112,033 shares of the company’s stock, valued at approximately $4,062,316.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 470,643 shares of company stock valued at $16,120,743. Company insiders own 7.32% of the company’s stock.

About KB Home

KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers.

Further Reading: Price-Sales Ratio

Dividend History for KB Home (NYSE:KBH)

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