KB Home (NYSE:KBH – Get Free Report) declared a quarterly dividend on Thursday, October 10th,Wall Street Journal reports. Investors of record on Thursday, November 14th will be given a dividend of 0.25 per share by the construction company on Wednesday, November 27th. This represents a $1.00 annualized dividend and a yield of 1.23%. The ex-dividend date is Thursday, November 14th.
KB Home has raised its dividend by an average of 18.6% annually over the last three years. KB Home has a dividend payout ratio of 11.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect KB Home to earn $9.15 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 stock opened at $81.18 on Wednesday. The company has a market cap of $5.95 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 0.71 and a beta of 1.81. KB Home has a 1 year low of $51.53 and a 1 year high of $89.70. The stock’s 50 day simple moving average is $82.11 and its two-hundred day simple moving average is $76.90.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company downgraded shares of KB Home from an “equal weight” rating to an “underweight” rating and increased their target price for the company from $80.00 to $83.00 in a research note on Monday, October 7th. Bank of America increased their price objective on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Royal Bank of Canada lowered KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 target price for the company. in a research report on Thursday, September 5th. The Goldman Sachs Group increased their price target on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Finally, Wedbush boosted their price objective on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, KB Home currently has an average rating of “Hold” and an average price target of $77.50.
View Our Latest Stock Analysis on KBH
Insiders Place Their Bets
In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,737,156.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.52% of the company’s stock.
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.
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