KB Home (NYSE:KBH) announced a quarterly dividend on Thursday, January 25th, RTT News reports. Investors of record on Thursday, February 8th will be given a dividend of 0.025 per share by the construction company on Thursday, February 22nd. This represents a $0.10 annualized dividend and a yield of 0.33%. The ex-dividend date is Wednesday, February 7th.
KB Home has a dividend payout ratio of 4.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect KB Home to earn $3.16 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 3.2%.
Shares of KB Home (NYSE KBH) opened at $30.08 on Tuesday. The company has a current ratio of 5.36, a quick ratio of 1.22 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $2,672.38, a PE ratio of 16.44, a P/E/G ratio of 0.80 and a beta of 1.48. KB Home has a twelve month low of $15.88 and a twelve month high of $38.80.
KBH has been the topic of several research analyst reports. Wedbush lowered KB Home from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 19th. Credit Suisse Group restated a “neutral” rating and issued a $38.00 price objective (up previously from $31.00) on shares of KB Home in a research note on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. restated an “underweight” rating and issued a $27.00 price objective (up previously from $25.50) on shares of KB Home in a research note on Tuesday, December 19th. Zacks Investment Research upgraded KB Home from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective on the stock in a research note on Tuesday, January 9th. Finally, Citigroup lowered KB Home from a “neutral” rating to a “sell” rating and set a $27.00 price objective on the stock. in a research note on Tuesday, January 2nd. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $29.07.
In other news, CFO Jeff Kaminski sold 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total value of $4,066,250.00. Following the transaction, the chief financial officer now owns 237,775 shares of the company’s stock, valued at $7,734,820.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is currently owned by corporate insiders.
About KB Home
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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