|Bid||26.54 x 1400|
|Ask||26.55 x 1400|
|Day's Range||26.46 - 26.81|
|52 Week Range||16.82 - 27.64|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||10.55|
|Earnings Date||Sep 23, 2019 - Sep 27, 2019|
|Forward Dividend & Yield||0.36 (1.34%)|
|1y Target Est||28.62|
Dovish remarks from Fed chief John Williams reinforced bets that the central bank would trim interest rates by half a percentage point later this month. This calls for investing in rate-sensitive stocks as well as gold.
The company's Speculative-Grade Liquidity Rating was affirmed at SGL-2. The ratings upgrade reflects KB Home's deleveraging accomplished through its debt reduction strategy, and Moody's expectation that the company will maintain conservative financial policies and continue to de-lever in line with its stated total debt to capitalization target of 35% to 45%.
The Zacks Analyst Blog Highlights: Quanex Building Products, NVR, TopBuild, Builders FirstSource and KB Home
Goldman’s increase, which boosts the quarterly payout nearly 50% to $1.25 a share from 85 cents, was expected. After the bank received approval from the Federal Reserve on its capital plan on June 27, Goldman announced what it is authorized to spend on share buybacks and dividends. Goldman was one of 18 banks subject to this year’s Comprehensive Capital Analysis and Review (CCAR), which seeks to determine whether banks have adequate capital levels.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
KB Home said Monday its board has approved an increase in its quarterly cash dividend to 9 cents a share from 2.50. The new dividend will be payable Aug. 16 to shareholder of record as of Aug. 1. Shares were slightly lower premarket, but have gained 38% in 2019, while the S&P 500 has gained 20%.
KB Home (KBH) today announced that its Board of Directors approved an increase in the Company’s quarterly cash dividend on its common stock, more than tripling the rate to $.09 per share from $.025 per share. At the new quarterly rate, the annual cash dividend will now be $.36 per share compared to the previous rate of $.10 per share. In addition, the Board of Directors declared the next quarterly cash dividend, at the new rate, will be payable on August 15, 2019 to stockholders of record on August 1, 2019.
KB Home (KBH) today announced the grand opening of Park Meadows II, its latest collection of new single-family homes in Phoenix. Surrounded by breathtaking views of the neighboring mountain ranges, Park Meadows II is also convenient to Interstates 10 and 17 for easy commuting throughout the Phoenix metropolitan area. At Park Meadows II, KB Home will construct 34 new one-story homes in three distinct floor plans.
Two large U.S. home builders reported earnings this week and both said they see signs of health in the housing market, in part because production has been so lean.
KB Home’s strong earnings this week prompted a Wall Street upgrade of its stock amid some optimism for housing.