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. Its homebuilding segments include West Coast, Southwest, Central and Southeast. The homebuilding segments are engaged in the acquisition and development of land primarily for residential purposes. The financial services segment offers property and casualty insurance and, in certain instances, earthquake, flood and personal property insurance to its homebuyers in the same markets as its homebuilding segments, and provides title services in the majority of markets located within its Central and Southeast homebuilding segments. It offers homes in development communities, at urban in-fill locations and as part of mixed-use projects.
Industry, Sector and Symbol:
- Sector: Construction
- Industry: Homebuilding
- Sub-Industry: Homebuilding
- Symbol: NYSE:KBH
- CUSIP: 48666K10
- Web: www.kbhome.com
Capitalization:- Market Cap: $1.7717 billion
- Outstanding Shares: 85,548,000
Average Prices:- 50 Day Moving Avg: $22.15
- 200 Day Moving Avg: $21.46
- 52 Week Range: $14.06 - $24.37
P/E:- Trailing P/E Ratio: 15.96
- Foreward P/E Ratio: 10.05
- P/E Growth: 0.58
Sales & Book Value:- Annual Revenue: $3.93 billion
- Price / Sales: 0.45
- Book Value: $20.72 per share
- Price / Book: 1.00
Dividend:- Annual Dividend: $0.10
- Dividend Yield: 0.5%
Profitability:- EBIDTA: $243.37 million
- Net Margins: 3.13%
- Return on Equity: 7.11%
- Return on Assets: 2.45%
Debt:- Current Ratio: 1.28%
- Quick Ratio: 0.18%
Misc:- Average Volume: 2.25 million shs.
- Beta: 1.6
- Short Ratio: 3.77
Frequently Asked Questions for KB Home (NYSE:KBH)
What is KB Home's stock symbol?
KB Home trades on the New York Stock Exchange (NYSE) under the ticker symbol "KBH."
How often does KB Home pay dividends? What is the dividend yield for KB Home?
KB Home announced a quarterly dividend on Thursday, July 13th. Shareholders of record on Thursday, August 3rd will be given a dividend of $0.025 per share on Thursday, August 17th. This represents a $0.10 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Tuesday, August 1st. View KB Home's Dividend History.
How were KB Home's earnings last quarter?
KB Home (NYSE:KBH) issued its quarterly earnings results on Tuesday, June, 27th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The company earned $1 billion during the quarter, compared to the consensus estimate of $929.85 million. KB Home had a return on equity of 7.11% and a net margin of 3.13%. KB Home's revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. View KB Home's Earnings History.
When will KB Home make its next earnings announcement?
Where is KB Home's stock going? Where will KB Home's stock price be in 2017?
16 brokerages have issued 12-month price objectives for KB Home's stock. Their forecasts range from $13.00 to $26.00. On average, they anticipate KB Home's share price to reach $20.43 in the next year. View Analyst Ratings for KB Home.
What are analysts saying about KB Home stock?
Here are some recent quotes from research analysts about KB Home stock:
- 1. According to Zacks Investment Research, "KB Home shares have outperformed its industry, year to date. It has formulated the right strategy to boost scale in existing geographic footprint, improve profitability per unit, generate higher operating margin and drive earnings, while simultaneously generating positive cash flow to invest in growth and debt reduction. The company’s first half of fiscal 2017 results show an impressive 22% growth in revenues and a double-digit increase in deliveries and housing revenues along with 58% surge in profit level. Strong orders in value (up 21.8%) and backlog (up 19%) in the first half also bode well. However, higher construction and labor costs, rising interest rate as well as competitive pricing pressure are pressing concerns." (9/5/2017)
- 2. Wedbush analysts commented, "We reiterate our OUTPERFORM rating on KBH. KBH raised the FY17 guidance midpoints for revenue to $4.15 billion from $4.0 billion and the operating margin to 6.1% from 6.0% based on much higher F1Q17 order growth than we expected. Consequently, we are lifting our FY17E/FY18E EPS to $1.61/$1.86 from $1.55/$1.75." (3/24/2017)
- 3. BTIG Research analysts commented, "In our view, KBH's business model represents a pre-crisis approach to homebuilding in an industry that has changed. KBH is attempting to re-build local market share to regain some control over margins, but is hampered by competition, an excessive debt load, an overhang of high cost land and a build-to-order strategy that does not mesh well with current labor shortages nor asset turnover efficiency, in our view." (2/7/2017)
Who are some of KB Home's key competitors?
Some companies that are related to KB Home include Redrow plc (RDW), Ryland Group (RYL), Taylor Morrison Home Corp (TMHC), Countryside Properties PLC (CSP), Bovis Homes Group plc (BVS), Crest Nicholson Holdings PLC (CRST), LGI Homes (LGIH), Beazer Homes USA (BZH), Green Brick Partners (GRBK), PICO Holdings (PICO), Telford Homes plc (TEF), New Home Company Inc. (The) (NWHM) and Brookfield Residential Properties (BRP).
Who are KB Home's key executives?
KB Home's management team includes the folowing people:
- Jeffrey T. Mezger, Chairman of the Board, President, Chief Executive Officer
- Jeff J. Kaminski, Chief Financial Officer, Executive Vice President
- Brian J. Woram, Executive Vice President, General Counsel
- Albert Z. Praw, Executive Vice President - Real Estate and Business Development
- Thomas F. Norton, Senior Vice President - Human Resources
- William R. Hollinger, Senior Vice President, Chief Accounting Officer
- Melissa Lora, Lead Independent Director
- Dorene C. Dominguez, Independent Director
- Timothy W. Finchem, Independent Director
- Stuart A. Gabriel Ph.D., Independent Director
Who owns KB Home stock?
KB Home's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.71%), FMR LLC (10.05%), Vanguard Group Inc. (8.05%), Donald Smith & CO. Inc. (7.76%), Fisher Asset Management LLC (4.09%) and Dimensional Fund Advisors LP (3.28%). Company insiders that own KB Home stock include Jeff Kaminski, Jeffrey T Mezger, Robert L Jr Patton, Thomas F Norton and William R Hollinger. View Institutional Ownership Trends for KB Home.
Who sold KB Home stock? Who is selling KB Home stock?
KB Home's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, South Dakota Investment Council, Franklin Resources Inc., Quantitative Investment Management LLC, Donald Smith & CO. Inc., BlueMountain Capital Management LLC, Senvest Management LLC and Engineers Gate Manager LP. Company insiders that have sold KB Home stock in the last year include Jeff Kaminski, Jeffrey T Mezger, Thomas F Norton and William R Hollinger. View Insider Buying and Selling for KB Home.
Who bought KB Home stock? Who is buying KB Home stock?
KB Home's stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Capital World Investors, Dimensional Fund Advisors LP, Artemis Investment Management LLP, Prudential Financial Inc., AHL Partners LLP, Alliancebernstein L.P. and Dorsey Wright & Associates. View Insider Buying and Selling for KB Home.
How do I buy KB Home stock?
Shares of KB Home can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is KB Home's stock price today?
One share of KB Home stock can currently be purchased for approximately $20.71.
MarketBeat Community Rating for KB Home (NYSE KBH)MarketBeat's community ratings are surveys of what our community members think about KB Home and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for KB Home (NYSE:KBH) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 5 Sell Ratings, 11 Hold Ratings |
| Consensus Rating: | Hold (Score: 1.69) |
| Consensus Price Target: | $20.43 (1.36% downside) |
Analysts' Ratings History for KB Home (NYSE:KBH)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/16/2017 | Wedbush | Reiterated Rating | Ourperform | $26.00 | Low |  |
| 9/5/2017 | MKM Partners | Reiterated Rating | Neutral | | Low | |
| 8/29/2017 | Royal Bank Of Canada | Reiterated Rating | Hold | $25.00 | Medium | |
| 8/19/2017 | Keefe, Bruyette & Woods | Set Price Target | Hold | $24.00 | Low | |
| 7/11/2017 | Barclays PLC | Downgrade | Sell | | Low | |
| 7/10/2017 | Mizuho | Downgrade | Neutral -> Underperform | $21.00 | Medium | |
| 6/30/2017 | Deutsche Bank AG | Boost Price Target | Hold | $20.00 -> $23.00 | Low | |
| 6/28/2017 | Bank of America Corporation | Boost Price Target | Underperform | $17.00 -> $19.00 | Medium | |
| 6/22/2017 | Credit Suisse Group | Initiated Coverage | Neutral | $23.00 | Low | |
| 4/13/2017 | Raymond James Financial, Inc. | Upgrade | Underperform -> Market Perform | | Low | |
| 3/27/2017 | Citigroup Inc. | Boost Price Target | Neutral | $17.00 -> $21.00 | Low | |
| 3/27/2017 | JMP Securities | Downgrade | Outperform -> Market Perform | | Low | |
| 2/28/2017 | Buckingham Research | Downgrade | Buy -> Neutral | | N/A | |
| 2/7/2017 | BTIG Research | Initiated Coverage | Sell | $13.00 | N/A | |
| 1/12/2017 | Evercore ISI | Downgrade | Hold -> Sell | $14.00 | N/A | |
| 9/28/2016 | Wells Fargo & Company | Initiated Coverage | Market Perform | | N/A | |
| 9/22/2016 | FBR & Co | Reiterated Rating | Market Perform | $16.00 | N/A | |
| 7/18/2016 | Argus | Reiterated Rating | Hold | | N/A | |
| 4/18/2016 | FBN Securities | Downgrade | Outperform -> Sector Perform | | N/A | |
| 3/25/2016 | Susquehanna Bancshares Inc | Boost Price Target | Neutral | $14.00 -> $15.00 | N/A | |
| 10/13/2015 | Morgan Stanley | Upgrade | Underweight -> Equal Weight | $15.00 | N/A | |
| 9/25/2015 | Compass Point | Reiterated Rating | Hold | | N/A | |
(Data available from 9/22/2015 forward)
Earnings History for KB Home (NYSE:KBH)Earnings History by Quarter for KB Home (NYSE KBH)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 9/28/2017 | | $0.47 | | | | | N/A | |
| 6/27/2017 | Q2 17 | $0.26 | $0.33 | $929.85 million | $1.00 billion | View | N/A | |
| 3/23/2017 | Q1 2017 | $0.13 | $0.15 | $797.78 million | $818.60 million | View | N/A | |
| 1/11/2017 | Q416 | $0.37 | $0.40 | $1.16 billion | $1.19 billion | View | N/A | |
| 9/20/2016 | Q316 | $0.39 | $0.42 | $954.12 million | $913.28 million | View | Listen | |
| 6/21/2016 | Q216 | $0.14 | $0.17 | $753.14 million | $811.05 million | View | Listen | |
| 3/23/2016 | Q116 | $0.11 | $0.14 | $633.98 million | $678.40 million | View | Listen | |
| 1/7/2016 | Q415 | $0.50 | $0.43 | $1.07 million | $985.80 million | View | N/A | |
| 9/24/2015 | Q315 | $0.22 | $0.23 | $818.63 million | $840.20 million | View | Listen | |
| 6/19/2015 | Q215 | $0.08 | $0.10 | $655.00 million | $622.97 million | View | Listen | |
| 3/20/2015 | Q115 | $0.02 | $0.08 | $470.71 million | $580.12 million | View | Listen | |
| 1/13/2015 | Q414 | $0.56 | $0.27 | $778.50 million | $796.00 million | View | N/A | |
| 9/24/2014 | Q314 | $0.40 | $0.28 | $640.12 million | $589.21 million | View | Listen | |
| 6/27/2014 | Q214 | $0.20 | $0.27 | $563.10 million | $565.00 million | View | Listen | |
| 3/19/2014 | Q114 | $0.09 | $0.12 | $437.09 million | $450.70 million | View | Listen | |
| 12/19/2013 | Q4 | $0.21 | $0.31 | $569.55 million | $618.50 million | View | Listen | |
| 9/24/2013 | Q313 | $0.21 | $0.28 | $569.30 million | $549.00 million | View | N/A | |
| 6/27/2013 | Q2 2013 | ($0.06) | ($0.04) | $450.80 million | $524.40 million | View | N/A | |
| 3/21/2013 | Q1 2013 | ($0.22) | ($0.16) | $359.80 million | $405.20 million | View | N/A | |
| 12/20/2012 | Q4 2012 | $0.06 | $0.10 | $567.06 million | $578.20 million | View | N/A | |
| 9/21/2012 | Q312 | ($0.16) | $0.04 | $430.05 million | $424.50 million | View | N/A | |
| 6/29/2012 | | ($0.33) | ($0.31) | | | View | N/A | |
| 3/23/2012 | | ($0.23) | ($0.59) | | | View | N/A | |
| 12/21/2011 | | $0.03 | $0.18 | | | View | N/A | |
| 9/23/2011 | | ($0.15) | ($0.13) | | | View | N/A | |
| 4/5/2011 | | ($0.27) | ($1.49) | | | View | N/A | |
| 1/7/2011 | | ($0.17) | $0.23 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for KB Home (NYSE:KBH)2017 EPS Consensus Estimate: $1.65
2018 EPS Consensus Estimate: $2.00
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.12 | $0.18 | $0.15 |
| Q2 2017 | 3 | $0.25 | $0.27 | $0.26 |
| Q3 2017 | 3 | $0.43 | $0.50 | $0.47 |
| Q4 2017 | 3 | $0.75 | $0.78 | $0.77 |
| Q1 2018 | 1 | $0.22 | $0.22 | $0.22 |
| Q2 2018 | 1 | $0.41 | $0.41 | $0.41 |
| Q3 2018 | 1 | $0.56 | $0.56 | $0.56 |
| Q4 2018 | 1 | $0.81 | $0.81 | $0.81 |
(Data provided by Zacks Investment Research)
Current Dividend Information for KB Home (NYSE:KBH)| Most Recent Dividend: | 8/17/2017 |
| Annual Dividend: | $0.10 |
| Dividend Yield: | 0.48% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 7.69% (Trailing 12 Months of Earnings)
5.88% (Based on This Year's Estimates)
4.85% (Based on Next Year's Estimates)
|
Dividend History by Quarter for KB Home (NYSE KBH)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/13/2017 | quarterly | $0.03 | 0.42% | 8/1/2017 | 8/3/2017 | 8/17/2017 |
| 4/13/2017 | quarterly | $0.03 | 0.5% | 5/2/2017 | 5/4/2017 | 5/18/2017 |
| 1/26/2017 | quarterly | $0.03 | 0.6% | 2/7/2017 | 2/9/2017 | 2/23/2017 |
| 10/6/2016 | quarterly | $0.03 | 0.63% | 11/1/2016 | 11/3/2016 | 11/17/2016 |
| 7/14/2016 | quarterly | $0.03 | 0.61% | 8/2/2016 | 8/4/2016 | 8/18/2016 |
| 4/7/2016 | quarterly | $0.03 | 0.69% | 5/3/2016 | 5/5/2016 | 5/19/2016 |
| 1/21/2016 | quarterly | $0.25 | 0.96% | 2/2/2016 | 2/4/2016 | 2/18/2016 |
| 10/8/2015 | quarterly | $0.25 | 0.68% | 11/3/2015 | 11/5/2015 | 11/19/2015 |
| 7/16/2015 | quarterly | $0.03 | 0.62% | 8/4/2015 | 8/6/2015 | 8/20/2015 |
| 4/2/2015 | quarterly | $0.03 | 0.63% | 5/5/2015 | 5/7/2015 | 5/21/2015 |
| 1/22/2015 | quarterly | $0.03 | 0.82% | 2/3/2015 | 2/5/2015 | 2/19/2015 |
| 10/9/2014 | quarterly | $0.03 | 0.71% | 11/4/2014 | 11/6/2014 | 11/20/2014 |
| 7/17/2014 | quarterly | $0.25 | 0.56% | 8/5/2014 | 8/7/2014 | 8/21/2014 |
| 4/4/2014 | quarterly | $0.03 | 0.57% | 4/29/2014 | 5/1/2014 | 5/15/2014 |
| 1/23/2014 | quarterly | $0.03 | 0.55% | 2/4/2014 | 2/6/2014 | 2/20/2014 |
| 10/10/2013 | quarterly | $0.03 | 0.59% | 11/5/2013 | 11/7/2013 | 11/21/2013 |
| 7/18/2013 | quarterly | $0.03 | 0.52% | 7/30/2013 | 8/1/2013 | 8/15/2013 |
| 4/4/2013 | quarterly | $0.03 | 0.47% | 4/30/2013 | 5/2/2013 | 5/16/2013 |
| 1/24/2013 | quarterly | $0.25 | 0.54% | 2/5/2013 | 2/7/2013 | 2/21/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for KB Home (NYSE:KBH)Insider Ownership Percentage: 8.60%
Institutional Ownership Percentage: 98.37%
Insider Trades by Quarter for KB Home (NYSE:KBH)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 8/14/2017 | Jeffrey T Mezger | Insider | Sell | 400,000 | $22.81 | $9,124,000.00 | |
| 8/9/2017 | William R Hollinger | SVP | Sell | 57,405 | $23.19 | $1,331,221.95 | |
| 6/29/2017 | Jeff Kaminski | CFO | Sell | 163,017 | $23.40 | $3,814,597.80 | |
| 3/29/2017 | Thomas F Norton | SVP | Sell | 45,000 | $19.81 | $891,450.00 | |
| 7/27/2016 | Jeffrey T Mezger | Insider | Sell | 500,000 | $16.47 | $8,235,000.00 | |
| 7/26/2016 | Jeffrey T Mezger | CEO | Sell | 230,000 | $16.43 | $3,778,900.00 | |
| 7/25/2016 | Jeffrey T Mezger | CEO | Sell | 110,000 | $16.39 | $1,802,900.00 | |
| 2/10/2016 | Robert L. Jr. Patton | Director | Buy | 67,615 | $9.64 | $651,808.60 | |
| 4/27/2015 | Nicholas S Franklin | EVP | Buy | 5,000 | $14.76 | $73,800.00 | |
| 5/10/2013 | Thomas F Norton | SVP | Sell | 35,417 | $24.23 | $858,153.91 | |
(Data available from 1/1/2013 forward)
Headline Trends for KB Home (NYSE:KBH)
Latest Headlines for KB Home (NYSE:KBH)
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KB Home (KBH) Chart for Friday, September, 22, 2017
