KB Home (KBH) - NYSE
  • May 8, 2014, 12:18 PM
    • KB Home (KBH +2.1%) is the strongest performer in the homebuilder sector this session after UBS cashes in its chips on its Sell call on the name.
    • The stock has been sliding since the start of March (down about 20%), the move broken only for a couple of days after cruising past earnings estimates in mid-March.
    | May 8, 2014, 12:18 PM
  • Apr. 23, 2014, 10:19 AM
    • The seasonally adjusted new home sales pace of 384K in March is 14.5% below that of February and 13.3% lower than a year ago. It's the slowest pace since July, and 14.5% is the 3rd-largest decline in 20 years. The median sales price of $290K is up 12.6% Y/Y. The supply of new homes on the market is 6 months at the current sales pace, up from 5 months in February.
    • Homebuilder ETFs: ITB -1.7%, XHB -1.2%.
    • Toll Brothers (TOL -1.6%), Lennar (LEN -1.9%), Hovnanian (HOV -1.5%), Pulte (PHM -1.6%), KB Home (KBH -3.3%), Beazer (BZH -2.4%), Ryland (RYL -2.6%)
    • The 10-year Treasury yield dips two basis points to 2.69%. TLT +0.4%, TBT -0.8%
    • Full report
    | Apr. 23, 2014, 10:19 AM | 19 Comments
  • Apr. 3, 2014, 2:46 PM
    • KB Home (KBH) declares $0.025/share quarterly dividend, in line with previous.
    • Forward yield 0.57%
    • Payable May 15; for shareholders of record May 1; ex-div April 28.
    | Apr. 3, 2014, 2:46 PM
  • Mar. 19, 2014, 4:28 PM
    • Taking advantage of the 5.9% post-earnings gain in its stock today, KB Home (KBH) rushes a $125M common stock secondary out the door. Also being offered are $300M in 5-year notes.
    • Shares -1.2% AH
    | Mar. 19, 2014, 4:28 PM
  • Mar. 19, 2014, 9:10 AM
    | Mar. 19, 2014, 9:10 AM
  • Mar. 19, 2014, 9:09 AM
    • KB Home (KBH) swings to a net profit of $10.6M from a loss of $12.5M a year earlier, the first time that the company has made a net profit in Q1 since 2007.
    • Average selling price +12% to $305,200.
    • Net orders +18% to $600.2M.
    • Backlog +21% to $851.6M
    • Delivered 1,442 homes vs 1,485 a year earlier, as a decrease in the West Coast was mostly offset by increases in KB Home's three other regions.
    • Confident of strong results in the coming quarters.
    • Shares +7.5% premarket. (PR)
    • Previous
    | Mar. 19, 2014, 9:09 AM | 1 Comment
  • Mar. 19, 2014, 8:36 AM
    • KB Home (KBH): FQ1 EPS of $0.12 beats by $0.02.
    • Revenue of $450.7M (+11.2% Y/Y) beats by $13.61M.
    | Mar. 19, 2014, 8:36 AM
  • Mar. 19, 2014, 12:05 AM
  • Mar. 18, 2014, 5:30 PM
  • Mar. 12, 2014, 9:54 AM
    • The homebuilders are under pressure in early action amid another set of downgrades for individual names (Toll Bros., Pulte, Lyons today), and another slowdown in mortgage applications.
    • The MBA Mortgage Application Index fell 2.1% last week, with the Purchase Index off 1% on the week and 17% from a year ago.
    • Reporting on Credit Suisse's latest monthly agent survey, CNBC's Diana Olick says homebuyer traffic is falling and demand is "underwhelming," but the respondents cite higher rates and home prices, not the weather.
    • XHB -1.3%, ITB -1.7%.
    • Individual names: Hovnanian (HOV -1%), Lennar (LEN -1.2%) D.R. Horton (DHI -1.3%), Ryland (RYL -1.5%), KB Home (KBH -1.9%), Standard Pacific (SPF -1.5%), MDC Holdings (MDC -1.9%).
    | Mar. 12, 2014, 9:54 AM | 3 Comments
  • Mar. 10, 2014, 7:44 AM
    • Keep an eye on the homebuilding sector today amid a number of downgrades from two separate sell-side teams.
    • KB Home (KBH) suffers a two-notch downgrade to Underperform from Bank of America, which also cuts Meritage Homes (MTH) to Underperform.
    • Citi, meanwhile, removes Buy ratings at D.R. Horton (DHI), New Home Company (NWHM), and Taylor Morrison (TMHC).
    • Related ETFs: XHB, ITB
    | Mar. 10, 2014, 7:44 AM | 5 Comments
  • Mar. 5, 2014, 10:46 AM
    • A check of the homebuilders following Hovnanian's big earnings miss and slowdown in closings (HOV now down 6.6%): NVR (NVR -1.5%), D.R. Horton (DHI -1.1%), KB Home (KBH -1.8%), Pulte (PHM -0.8%), Ryland (RYL -1.5%), Toll Bros. (TOL -0.3%), Lennar (LEN -1%).
    • So what's the SPDR Homebuilders ETF (XHB +0.1%) doing in the green? The ETF has a heavy weighting to those tangential to the homebuilding industry - retail home improvement, building suppliers. More of a pure-play homebuilder fund is the iShares U.S. Home Construction ETF (ITB -0.8%).
    | Mar. 5, 2014, 10:46 AM | 5 Comments
  • Feb. 26, 2014, 10:34 AM
    • Brutal winter weather has been the excuse for a long string of weak economic stats this year, but not January New Home Sales, which surged 9.6% from December to a seasonally adjusted annualized pace of 468K - a 5-year high. Expectations were for a drop to 400K. December sales were revised higher from 414K to 427K.
    • The median sales price rose 3.4% Y/Y to $260,100.
    • The Northeast led the way with a 73.7 jump. Sales climbed 11% in the West, and 10.4% in the South. In the MidWest, they dropped 17.2%.
    • Full report
    • The homebuilders cheer. ETFs: XHB +1.9%, ITB +2.2%. Individual names: TOL +1.8%, HOV +2%, RYL +2.9%, KBH +2.5%, LEN +2.7%, PHM +2.3%.
    | Feb. 26, 2014, 10:34 AM | 10 Comments
  • Feb. 11, 2014, 9:10 AM
    • Zigging while many are zagging, Raymond James downgrades Lennar (LEN) and KB Home (KBH) after lower rates and strong Q4 earnings reports had given a lift to the homebuilding sector. Lennar is still rated an Outperform, but no longer a Strong Buy. KB Home is cut to Underperform from Market Perform.
    • In maybe somewhat-related moves, RayJay cuts St. Joe (JOE) and apartment operator Post Properties (PPS) to Market Perform from Outperform.
    • LEN -0.6%, KBH -1.5%, JOE -1% premarket
    • In another homebuilder downgrade, JMP Securities takes Tri Pointe Homes (TPH) to Market Perform from Outperform.
    | Feb. 11, 2014, 9:10 AM | 1 Comment
  • Jan. 30, 2014, 9:44 AM
    • Another pair of big Q4 results from the homebuilders - today Pulte and Ryland - has the entire sector on the move. ITB +1.5%, XHB +1.1%.
    • Yes, mortgage rates put a crimp in sales, but higher prices more than made up for the difference, and D.R. Horton management suggests the sales pace has picked back up in January. Pulte reported new orders off 18% from a year ago, but the value of orders barely fell. Closings in Q4 were down 4% from 2012, but revenues gained 9%.
    • Taylor Morrison (TMHC +0.2%), M.D.C. Holdings (MDC +1.2%), Standard Pacific (SPF +1.4%), KB Home (KBH +3.3%), Hovanian (HOV +0.8%), Toll Brothers (TOL +0.9%)
    | Jan. 30, 2014, 9:44 AM | 4 Comments
  • Jan. 28, 2014, 10:15 AM
    • The homebuilders have their tails in their air following D.R. Horton's big earnings results which showed reports about the end of the housing recovery may be premature (DHI +8.5%). The company reported average sales price gains of 10%, orders by value up 14%, and the value of properties under contract up 20%.
    • "Our weekly sales pace has accelerated in January," says Chairman Don Horton.
    • XHB +1.6%, ITB +3%
    • Toll Brothers (TOL +3.2%), Lennar (LEN +4.3%), KB Home (KBH +3.8%), Hovnanian (HOV +3.3%), Ryland (RYL +3.2%), Standard Pacific (SPF +3.2%), Comstock (CHCI +3.9%), Pulte (PHM +2.7%), NVR (NVR +1.4%), M.D.C. Holdings (MDC +3.6%), Taylor Morrison (TMHC +4.2%)
    | Jan. 28, 2014, 10:15 AM | 3 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