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. The company also offers financial services, such as insurance products and title services. It has operations in Arizona, California, Colorado, Florida, Nevada, North Carolina, Texas, and Washington. The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in January 2001. KB Home was founded in 1957 and is headquartered in Los Angeles, California.
IPO Year: 1986
Exchange: NYSE
Website: kbhome.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/7/2024 | $80.00 → $83.00 | Equal Weight → Underweight | Wells Fargo |
9/5/2024 | $70.00 | Sector Perform → Underperform | RBC Capital Mkts |
8/5/2024 | $65.00 | Neutral → Sell | Seaport Research Partners |
1/11/2024 | Buy → Neutral | Seaport Research Partners | |
12/8/2023 | $55.00 → $46.00 | Hold → Sell | Deutsche Bank |
11/20/2023 | Outperform → Neutral | Wedbush | |
11/2/2023 | $58.00 | Neutral → Buy | Seaport Research Partners |
10/17/2023 | $49.00 | Equal Weight | Wells Fargo |
10/16/2023 | $54.00 → $48.00 | Buy → Neutral | Goldman |
7/14/2023 | $61.00 | Mkt Perform → Outperform | Raymond James |
The board of directors of KB Home (NYSE:KBH) has declared a quarterly cash dividend of $.25 per share on the Company's common stock, payable on November 27, 2024 to stockholders of record on November 14, 2024. About KB Home KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 47 markets, have built over 680,000 quality homes in our more than 65-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional homebuying experience that offers our homebuyers the ability to personalize
Revenues Increased 10% to $1.75 Billion; Diluted Earnings Per Share Up 13% to $2.04 Repurchased $150.0 Million of Common Stock KB Home (NYSE:KBH) today reported results for its third quarter ended August 31, 2024. "In the third quarter, we achieved strong year-over-year growth in both revenues and diluted earnings per share," said Jeffrey Mezger, Chairman and Chief Executive Officer. "Net orders were flat with the year ago quarter. We experienced variability in demand across the quarter, with softening in late June through July, as buyers continued to evaluate elevated mortgage interest rates, and general economic concerns were rising. As rates moderated in August, our net orders improve
KB Home (NYSE:KBH) today announced that it will release earnings for its third quarter ended August 31, 2024 after the market closes on Tuesday, September 24, 2024. A live webcast of the Company's earnings conference call will be held the same day at 2:00 p.m. Pacific Time, 5:00 p.m. Eastern Time. To listen to the call, go to the Investor Relations section of the KB Home website at investor.kbhome.com and select the Third Quarter Earnings Conference Call link in the Events and Presentations section. The webcast will be available for replay at the KB Home website for 30 days. About KB Home KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 47 m
The board of directors of KB Home (NYSE:KBH) has declared a quarterly cash dividend of $.25 per share on the Company's common stock, payable on August 22, 2024 to stockholders of record on August 8, 2024. About KB Home KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 47 markets, have built over 680,000 quality homes in our more than 65-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional homebuying experience that offers our homebuyers the ability to personalize the
Revenues Totaled $1.71 Billion; Diluted Earnings Per Share Increased 11% to $2.15 Net Orders Up 2% to 3,997; Net Order Value Expanded 7% to $2.03 Billion KB Home (NYSE:KBH) today reported results for its second quarter ended May 31, 2024. "We produced solid results in our 2024 second quarter, with our key metrics above the high end of our guidance ranges," said Jeffrey Mezger, Chairman and Chief Executive Officer. "Buyers remained resilient in their desire for homeownership despite the volatility in mortgage interest rates. Our pace of monthly net orders per community was one of our highest second quarter levels in many years, which we believe reflected the compelling personalized cho
KB Home (NYSE:KBH) today announced that it will release earnings for its second quarter ended May 31, 2024 after the market closes on Tuesday, June 18, 2024. A live webcast of the Company's earnings conference call will be held the same day at 2:00 p.m. Pacific Time, 5:00 p.m. Eastern Time. To listen to the call, go to the Investor Relations section of the KB Home website at investor.kbhome.com and select the Second Quarter Earnings Conference Call link in the Events and Presentations section. The webcast will be available for replay at the KB Home website for 30 days. About KB Home KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 47 mark
Management Provides NAV per share and Forward-Looking Thoughts Modiv Industrial, Inc. ("Modiv Industrial", "Modiv", the "Company", "we" or "our"), (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the first quarter ended March 31, 2024. Highlights: First quarter rental income of $11.9 million increased $1.6 million, or 15.4% year-over-year. First quarter AFFO of $3.3 million increased $0.2 million, or 6.6% year-over year. Received $1.4 million non-refundable deposit, following the completion of due diligence, on the previously announced disposition of our Issaquah, Washington office prop
Company Raises Quarterly Cash Dividend 25% to $.25 per Share KB Home (NYSE:KBH) today announced that its Board of Directors authorized the repurchase of up to $1.00 billion of the Company's outstanding common stock, replacing a prior authorization, which had $113.6 million remaining. The Company intends to continue its share repurchases in 2024 in a projected range of between $200 million and $400 million for the full year, including $50 million of share repurchases completed during the Company's 2024 first quarter. The Company's Board also approved an increase in the quarterly cash dividend on the Company's common stock to $.25 per share from $.20 per share. This 25% increase results i
Revenues Grew 6% to $1.47 Billion; Diluted Earnings Per Share Increased 21% to $1.76 Net Orders Up 55%; Net Order Value Increased 58% to $1.58 Billion Repurchased $50 Million of Common Stock KB Home (NYSE:KBH) today reported results for its first quarter ended February 29, 2024. "Fiscal 2024 is off to a strong start, as we generated solid results in our first quarter that were either at or above the high end of our guidance ranges. Market conditions have improved since the end of our 2023 fiscal year, contributing to the significant year‐over‐year increase in our net orders for the quarter," said Jeffrey Mezger, Chairman and Chief Executive Officer. "This positive momentum in demand has
KB Home (NYSE:KBH) today announced that it will release earnings for its first quarter ended February 29, 2024 after the market closes on Wednesday, March 20, 2024. A live webcast of the Company's earnings conference call will be held the same day at 2:00 p.m. Pacific Time, 5:00 p.m. Eastern Time. To listen to the call, go to the Investor Relations section of the KB Home website at investor.kbhome.com and select the First Quarter Earnings Conference Call link in the Events and Presentations section. The webcast will be available for replay at the KB Home website for 30 days. About KB Home KB Home is one of the largest and most recognized homebuilders in the United States, operating in
Wells Fargo downgraded KB Home from Equal Weight to Underweight and set a new price target of $83.00 from $80.00 previously
RBC Capital Mkts downgraded KB Home from Sector Perform to Underperform and set a new price target of $70.00
Seaport Research Partners downgraded KB Home from Neutral to Sell and set a new price target of $65.00
Seaport Research Partners downgraded KB Home from Buy to Neutral
Deutsche Bank downgraded KB Home from Hold to Sell and set a new price target of $46.00 from $55.00 previously
Wedbush downgraded KB Home from Outperform to Neutral
Seaport Research Partners upgraded KB Home from Neutral to Buy and set a new price target of $58.00
Wells Fargo initiated coverage of KB Home with a rating of Equal Weight and set a new price target of $49.00
Goldman downgraded KB Home from Buy to Neutral and set a new price target of $48.00 from $54.00 previously
Raymond James upgraded KB Home from Mkt Perform to Outperform and set a new price target of $61.00
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LOS ANGELES--(BUSINESS WIRE)--KB Home (NYSE: KBH) today reported results for its fourth quarter and year ended November 30, 2020. “We had a strong finish to this extraordinary year, particularly with the 42% year-over-year increase in our fourth quarter net orders,” said Jeffrey Mezger, Chairman, President and Chief Executive Officer. “Housing market conditions continue to be robust, as the pandemic has helped propel demand for homeownership, accentuating all the financial, health, safety and emotional benefits it offers. This fundamental shift has long been anticipated — with pent-up demographic forces, a housing supply shortage, and favorable mortgage interest rates — and COVID
Aster Ridge offers new townhomes near major employment centers and outdoor recreation, affordably priced from the $290,000s. KB Home (NYSE:KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Aster Ridge, a new townhome community in Durham. These new homes are designed for the way people live today, with popular features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and upstairs laundry areas. The community's two-story floor plans feature up to three bedrooms and two-and-a-half baths. Planned community amenities include a dog park and walking paths. This press release features multime
Hamilton Park offers personalized, new homes close to schools and popular parks, priced from the low $500,000s KB Home (NYSE:KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Hamilton Park in a prime Elk Grove, California location. The new homes are designed for the way people live today, with popular interior features like modern kitchens overlooking large great rooms, bedroom suites with walk-in closets, and ample storage space. The two-story homes at Hamilton Park offer up to five bedrooms and three baths. Homeowners will appreciate the convenient location minutes to local schools and popular parks. This press release features mul
Landings and Reserves at Alton in Summerlin's Grand Park Village offer personalized, new homes with resort-style amenities and close to schools, priced from the low $600,000s. KB Home (NYSE:KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Landings and Reserves at Alton at Summerlin, two new gated communities within one of Las Vegas' premier master plans. The new homes are designed for the way people live today, with popular features like modern kitchens overlooking large great rooms, bedroom suites with walk-in closets, ample storage and beautiful outdoor living spaces. The two-story homes at Landings at Alton at Summerlin offer up t
Catalina offers personalized, new homes close to family friendly parks and local schools, priced from the low $500,000s. KB Home (NYSE:KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Catalina, a new gated community in a prime southwest Las Vegas location. These new two-story homes are designed for the way people live today, with popular features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and ample storage space. The community's floor plans feature up to five bedrooms and four baths. Homeowners will appreciate the proximity to family friendly parks and local schools. This press
Creekside at Rutland Ranch offers personalized, new homes with lakefront homesites and near local schools, shopping and dining, priced from the $350,000s. KB Home will celebrate Creekside at Rutland Ranch's grand opening, Saturday, Nov. 9, 12 to 4 p.m., during which home shoppers can explore the new community, tour the beautiful model homes and also enjoy complimentary desserts and refreshments. KB Home (NYSE:KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Creekside at Rutland Ranch, a new-home community in Parrish. These new homes are designed for the way people live today, with popular features like modern kitchens overlooking lar
Dixon Trail offers personalized, new homes on oversized homesites with mountain views and close to schools, priced from low $1M. KB Home (NYSE:KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Dixon Trail, a new community in highly sought-after Escondido, California. These new homes are designed for the way people live today, with popular design features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and ample storage space. The community's one- and two-story floor plans feature up to five bedrooms, four-and-a-half baths and three-car garages. Homeowners will appreciate Dixon Trail's
The Willows offers personalized, new homes in the Seattle area with family friendly community amenities and walking distance to schools, priced from the mid $700,000s. KB Home (NYSE:KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of The Willows, a new community of one- and two-story homes in desirable Auburn, Washington. The new homes at The Willows are designed for the way people live today, with popular design features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and ample storage space. The community's floor plans feature up to six bedrooms and four baths. Homeowners will apprecia
Silver Lake Estates offers personalized, new homes near downtown Leesburg for shopping and dining and an abundance of outdoor recreation, priced from the $290,000s. KB Home (NYSE:KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Silver Lake Estates, a new-home community in Leesburg. These new homes are designed for the way people live today, with popular features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and lofts. The community's one- and two-story floor plans feature up to six bedrooms and three baths. This press release features multimedia. View the full release here: https://
Homebuilder recognized for a record 14th consecutive year, further demonstrating the company's leadership position in building to EPA's highest water-efficiency standards. KB Home (NYSE:KBH), one of the largest and most trusted homebuilders in the U.S., today announced that its commitment to building highly water-efficient homes has again been recognized by the U.S. Environmental Protection Agency (EPA) for a record 14th consecutive year. KB Home is the first and only national homebuilder to receive the WaterSense® Sustained Excellence Award, the highest level of recognition given by EPA's WaterSense program. This press release features multimedia. View the full release here: https://www.b
Cypress Point offers personalized, new homes just minutes from the coast and walking distance to schools, priced from the low $900,000s. KB Home (NYSE:KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Cypress Point, a new gated community in highly desirable Oceanside, California. These new homes are designed for the way people live today, with popular design features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and ample storage space. The community's two-story floor plans feature four bedrooms and two-and-a-half baths. Cypress Point is just minutes from popular beaches and walking
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Evercore ISI Group analyst Stephen Kim maintains KB Home (NYSE:KBH) with a Outperform and raises the price target from $86 to $89.
To gain an edge, this is what you need to know today. AI Super Bulls Pay Attention Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX) compared to Invesco QQQ Trust Series 1 (NASDAQ:QQQ), iShares Russell 2000 ETF (NYSE:IWM), VanEck Semiconductor ETF (NASDAQ:SMH), NVIDIA Corp (NASDAQ:NVDA), Tesla Inc (NASDAQ:TSLA), and KB Home (NYSE:KBH). Note the following: AI super bulls pay attention to the chart as it shows major divergences occurring yesterday. The chart shows the small cap ETF IWM outperformed Nasdaq 100 ETF QQQ by 5.9%. This is the biggest such divergence since 2001. The chart shows IWM o
U.S. housing prices just hit a new record high, with a median price of nearly $400,000, but price growth may stall out according to real estate company Redfin Corp (NASDAQ:RDFN). In a recent note, Redfin highlighted a 4.7% year-over-year growth in the median home price, the largest increase in more than 4 months.The price growth of homes comes as mortgage rates have retreated from their highs in October 2023. With mortgage rates lowering, in addition to a market with historically low inventory, strong demand has pushed the average home price higher.Despite mortgage rates coming down, mortgage-purchase applications are down 13% year-over-year, in a sign that high prices may be deterring w
U.S. stocks were mixed, with the Dow Jones index gaining around 150 points on Thursday. Shares of KB Home (NYSE:KBH) rose during Thursday's session as the company posted better-than-expected earnings and sales results for its second quarter on Tuesday. KB Home reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $1.78. Quarterly sales came in at $1.71 billion, which beat the analyst consensus estimate of $1.651 billion, according to data from Benzinga Pro. KB Home shares gained 4.2% to $70.91 on Thursday. Here are some other big stocks recording gains in today’s session. Ocular Therapeutix, Inc. (NASDAQ:OCUL) shares climbed 16% to $6.36
RBC Capital analyst Mike Dahl maintains KB Home (NYSE:KBH) with a Sector Perform and raises the price target from $69 to $70.
Wedbush analyst Jay McCanless maintains KB Home (NYSE:KBH) with a Neutral and raises the price target from $64 to $67.
KB Home (NYSE:KBH) posted better-than-expected earnings and sales results for its second quarter on Tuesday. KB Home reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $1.78. Quarterly sales came in at $1.71 billion, which beat the analyst consensus estimate of $1.651 billion, according to data from Benzinga Pro. KB Home said homes delivered were 3,523, compared to 3,666 year-over-year, and the average selling price increased to $483,000, up from $479,500. "We produced solid results in our 2024 second quarter, with our key metrics above the high end of our guidance ranges," said Jeffrey Mezger, chairman and CEO of KB Home. KB Home said it
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Evercore ISI Group raised the price target for Bread Financial Holdings, Inc. (NYSE:BFH) from $42 to $45. Evercore ISI Group analyst John Pancari upgraded the stock from Underperform to In-Line. Bread Financial shares gained 0.5% to close at $40.84 on Tuesday. See how other analysts view this stock. TD Cowen raised the price target for Ocular Therapeutix, Inc. (NASDAQ:OCUL) from $7 to $11. TD Cowen analyst Tara Bancroft upgraded the stock from Hold to Buy. Ocular Therapeutix shares fell 0.2% to clo