KB Home (KBH) - NYSE
  • Mon, Jul. 18, 10:08 AM
    • The team upgrades Toll Brothers (TOL +0.1%) to Buy from Neutral, while cutting KB Home (KBH -1.5%) to Neutral from Buy.
    • It could be a valuation call, as the two homebuilders have been headed in opposite directions, with TOL in the red for 2016, and KBH higher by 60%.
    • Meanwhile the NAHB reported the tiniest of slides in its builder confidence index, which slipped to 59 from 60.
    | Mon, Jul. 18, 10:08 AM | 3 Comments
  • Thu, Jul. 14, 4:19 PM
    | Thu, Jul. 14, 4:19 PM
  • Tue, Jun. 21, 4:30 PM
    • FQ2 (ended May 31) housing revenue of $807.4M up 33%.
    • Deliveries of 2,329 homes up 30%. ASP of $346.7K up 2%.
    • Adjusted housing gross profit margin of 20.7% improves 40 basis points.
    • Homebuilding operating income of $25.9M up 45%, even with inventory and land option contract impairment charges of $11.7M, more than half of which came from the wind down of the company's D.C.-area operations. Excluding those charges,  operating income margin up 170 bps to 4.7%.
    • Conference call at 5 ET
    • Previously: KB Home beats by $0.03, beats on revenue (June 21)
    • KBH +3.5% after hours
    | Tue, Jun. 21, 4:30 PM
  • Tue, Jun. 21, 4:20 PM
    • KB Home (NYSE:KBH): FQ2 EPS of $0.17 beats by $0.03.
    • Revenue of $811M (+30.2% Y/Y) beats by $63.94M.
    • Press Release
    | Tue, Jun. 21, 4:20 PM | 2 Comments
  • Mon, Jun. 20, 5:35 PM
  • Fri, Jun. 17, 10:30 AM
    • May housing starts at a seasonally-adjusted annualized pace of 1.164M edged lower from April, but were up 9.5% from a year ago (and vs. expected 1.15M). Single-family starts of 764K were slightly higher than April.
    • The major averages are modestly lower on the session, but the homebuilders (ITB +1%) are posting strong gains, led by Toll Brothers (TOL +1.6%), Hovnanian (HOV +3.7%), KB Home (KBH +1.8%), Lennar (LEN +1.2%), PulteGroup (PHM +1.4%), Beazer (BZH +4.7%), D.R. Horton (DHI +1.2%).
    | Fri, Jun. 17, 10:30 AM
  • Tue, Jun. 7, 2:31 PM
    • The major averages are up modestly, but the homebuilders (ITB +2.2%) are posting sharp gains, helped by a report Elliot Management has taken a stake in PulteGroup. Pulte is leading the way with a 4.6% advance.
    • Toll Brothers (TOL +3%), Hovnanian (HOV +3.9%), KB Home (KBH +3%), Lennar (LEN +3.1%), Taylor Morrison (TMHC +3.8%), D.R. Horton (DHI +2.7%)
    | Tue, Jun. 7, 2:31 PM | 1 Comment
  • Tue, May 24, 10:09 AM
    • April new home sales at a seasonally adjusted annualized rate of 619K were a full 16.6% above the upwardly revised March print, and 23.8% higher than year-ago levels. The number also flew past expectations for just a 2% rise to 523K.
    • Sales in the Northeast of 55K gained from 36K in March; Midwest of 60K down from 63K; South of 352K vs. 304K; West of 152K vs. 128K.
    • Full report
    • Tossing this bit of information in with strong FQ2 earnings from Toll Brothers (TOL +6.4%) has the homeowners (ITB +2.7%) surging well ahead of the market averages.
    • Hovnanian (HOV +4.9%), KB Home (KBH +3.8%), Beazer (BZH +5.4%), Lennar (LEN +3.2%), Pulte (PHM +3.1%), D.R. Horton (DHI +3.3%)
    | Tue, May 24, 10:09 AM | 39 Comments
  • Tue, May 17, 9:21 AM
    • KB Home (NYSE:KBH) will have the first single-family home community in Texas Research Park after acquiring nearly 75 acres in San Antonio. Land development is underway and the community's - named Hidden Canyons at TRP - grand opening in set for early next year.
    • TRP is a 1.2K-acre, campus-like environs established 25 years ago.
    • Source: Press Release
    | Tue, May 17, 9:21 AM
  • Wed, May 4, 12:22 PM
    • Outliers to the downside among the homebuilders today are KB Home (KBH -2.5%) after a downgrade to Sell from Neutral at UBS, and Beazer Homes (BZH -6%) after a cut to Neutral from Buy from the same team.
    • Though bouncing nicely since the February lows, Beazer is still down 35% YTD, and 60% Y/Y. KB Home is in the green this year by about 10%, and off about 10% Y/Y.
    | Wed, May 4, 12:22 PM
  • Fri, Apr. 8, 3:03 PM
    • The company from time to time finds itself in the news as a possible takeover target, but BAML's John Lovallo isn't buying it.
    • First, a sale almost certainly would be the end of KBH's deferred tax asset. Then there's the poison pill the company put into place in 2009.
    • Turning to operations, the builder's high leverage and low return profile vs. peers cuts its attractiveness. Finally, Lovallo isn't seeing a lot of synergies from public-to-public homebuilder M&A, outside of bundled land purchase opportunities.
    • John Lovallo ranks 3,744 out of 3,854 analysts on TipRanks.com.
    | Fri, Apr. 8, 3:03 PM | 3 Comments
  • Thu, Apr. 7, 4:41 PM
    | Thu, Apr. 7, 4:41 PM
  • Mon, Apr. 4, 5:42 PM
    • Top gainers, as of 5.25 p.m.: BTU +4.4%. RH +4.2%. SBGL +3.5%. NEU +2.6%. FCAU +2.6%.
    • Top losers, as of 5.25p.m.: KBH -22.2%. AGN -19.7%. NATI -11.4%. JD -7.1%. KEYS -4.9%.
    | Mon, Apr. 4, 5:42 PM | 6 Comments
  • Thu, Mar. 24, 9:18 AM
    | Thu, Mar. 24, 9:18 AM | 3 Comments
  • Wed, Mar. 23, 5:38 PM
    | Wed, Mar. 23, 5:38 PM
  • Wed, Mar. 23, 4:30 PM
    • FQ1 (ended Feb. 29) revenues of $678.4M up 17% Y/Y, with housing revenue of $672.6M up 28%.
    • Deliveries up 1,953 homes up 23%; ASP of $344.4K up 5%.
    • Adjusted housing gross profit margin of 20.7% up 120 basis points.
    • SG&A of 13.1% of housing revenues down from 13.5%.
    • Ending backlog value of $1.43B up 29%; number of homes of 4,285 up 22%.
    • Net order value of $824.7M up 9%; number of orders of 2,272 up 4%.
    • Cancellation rate of 21% falls from 25%.
    • Conference call at 5 ET
    • Previously: KB Home beats by $0.03, beats on revenue (March 23)
    • KBH +8.5% after hours
    | Wed, Mar. 23, 4:30 PM | 2 Comments
Company Description
KB Home is a homebuilding company that constructs and sells homes in the United States. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The company operates its business through four segments: West Coast, Southwest, Central and... More
Industry: Residential Construction
Country: United States