KBH

On May 19, 2026, EMG Holdings disclosed a new position in KB Home (NYSE:KBH), acquiring 77,657 shares in a trade estimated at $4.57 million based on quarterly average pricing. According to its SEC filing dated May 19, 2026, EMG Holdings reported purchasing 77,657 shares of KB Home (NYSE:KBH) during the first quarter. The estimated value of this transaction was $4.57 million, based on the quarterly average share price. As of March 31, 2026, the holding was valued at $4.02 million, reflecting the new position and subsequent price movements during the quarter. Top five holdings after the filing: As of May 18, 2026, KB Home shares were priced at $45.64, down 15% over the past year and lagging the S&P 500, which is instead up about 25%. KB Home develops and sells single-family homes, townhomes, and condominiums, with additional offerings in insurance and title services. The firm generates revenue primarily through home sales across multiple U.S. regions, complemented by ancillary financial services. It targets first-time, move-up, and active adult homebuyers in states including California, Texas, Florida, and Arizona. KB Home focuses on residential construction for a diverse range of buyers, including first-time and move-up customers. The company leverages a regional operating model and offers integrated financial and insurance services. Homebuilder stocks have struggled under the weight of high mortgage rates and cautious consumers, but EMG’s new position suggests it still sees value here. Still, KB Home’s latest quarter was a bit uneven on the surface. Revenue fell 23% year over year to $1.08 billion, while diluted earnings per share dropped to $0.52 from $1.49 a year earlier. Gross margins also compressed, with housing gross profit margin sliding to 15.3% from 20.2% as the company leaned on price reductions and incentives to drive demand.However, there were also some encouraging signs beneath the headline numbers. Net orders actually rose 3% to 2,846 homes, cancellation rates improved to 12% from 16%, and KB Home continued aggressively buying back stock, repurchasing $50 million worth of shares during the quarter.For long-term investors, it’s important to remember that housing stocks can be very cyclical. If mortgage rates eventually ease, beaten-down homebuilders could recover faster than many investors currently expect. Before you buy stock in KB Home, consi...

LOS ANGELES, April 23, 2026 /PRNewswire/ -- 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 May 21, 2026 to stockholders of record on May 7, 2026. About KB Home KB Home is one of the largest and most trusted homebuilders in the U.S. We operate in 49 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be one of the top customer-ranked national homebuilders based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STARﾮ certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com. For Further Information: Jill Peters, Investor Relations Contact (310) 893-7456 or [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/kb-home-declares-second-quarter-2026-dividend-302752066.html

NVR, Inc. NVR reported first-quarter fiscal 2026 results, with earnings and Homebuilding revenues missing the Zacks Consensus Estimate. Both earnings and Homebuilding revenues also declined on a year-over-year basis. The first-quarter results reflect a period of resilient demand tempered by significant operational and cost-related headwinds. On the positive side, the company saw a healthy uptick in new orders and a favorable decrease in cancellation rates, suggesting sustained buyer interest. However, these gains were largely offset by a lower opening backlog, which constrained settlement volumes and drove a significant decline in homebuilding revenues. Profitability in the segment was further impacted by continued pricing pressure and elevated lot costs, leading to margin compression. Performance was also weighed down by lower loan production and a reduced capture rate within the mortgage banking segment, alongside broader industry obstacles. Following the results, NVR stock declined 4.7% during yesterday’s trading hours. Diluted earnings were $67.76 per share, down 29% from $94.83 a year ago and missing the Zacks Consensus Estimate of $78.25 by 13.4%. NVR, Inc. price-consensus-eps-surprise-chart | NVR, Inc. Quote Homebuilding revenues of $1.83 billion also missed the consensus mark of $1.99 billion by 7.9%. Consolidated revenues (Homebuilding & Mortgage Banking fees combined) amounted to $1.88 billion, down 22% on a year-over-year basis. Results reflected a sharp decline in homebuilding settlements, partially offset by stronger order activity and a lower cancellation rate. Segment Details of NVR Homebuilding remained the central swing factor. Segment revenues decreased 22% year over year due to settlements declining 21.8% to 4,015 units from 5,133 units in the prior-year quarter. Management attributed the decline largely to a 15% lower backlog entering the quarter versus the comparable period last year. Our model predicted settlements to decline 12.6% year over year to 4,488 units. The average selling price (ASP) for settlements remained flat year over year at $457,000. Our estimate for the metric was $450,800. Margin performance also tightened. Homebuilding gross profit margin fell to 19.6% from 21.9% a year ago, pressured by continued pricing pressure and higher lot costs. Our estimate for the metric was 18.9%. As a result, homebuilding income fell to $2...

PulteGroup PHM reported first-quarter 2026 results, with adjusted earnings missing the Zacks Consensus Estimate and revenues surpassing the same. Both metrics declined year over year amid continued affordability pressures and margin compression. Lower consumer confidence and higher incentive activity weighed on profitability, partially offset by stable order trends, higher community counts and disciplined capital deployment. Following the earnings announcement, investor reaction was negative. Shares of the Atlanta-based homebuilder slipped 2% in today’s pre-market trading session, reflecting concerns around declining profitability and margin pressure. PulteGroup reported first-quarter 2026 earnings of $1.79 per share, missing the Zacks Consensus Estimate of $1.80 by 0.6%. The figure declined 30.4% from $2.57 per share in the year-ago quarter. PulteGroup, Inc. price-consensus-eps-surprise-chart | PulteGroup, Inc. Quote Total revenues of $3.41 billion beat the Zacks Consensus Estimate of $3.38 billion by 0.9% and decreased 12.4% year over year. The top-line beat was supported by steady order growth despite lower closing volumes and pricing pressure. PulteGroup’s home sale revenues totaled $3.3 billion in the first quarter of 2026, marking a 12% year-over-year decline. The decrease was caused by a 7% drop in closing volumes to 6,102 homes and a 5% reduction in average selling price to $542,000. Land sales and other revenues also declined, contributing to overall top-line pressure. The company noted that affordability concerns and broader economic uncertainty continued to weigh on buyer behavior, impacting both pricing and conversion rates. Despite these headwinds, management highlighted steady demand trends, supported by a growing community count and disciplined operational execution. PulteGroup’s financial services segment generated pre-tax income of $13 million, down from $36 million in the prior-year period. The decline reflects lower closing volumes and a slight decrease in the mortgage capture rate to 85%. Profitability weakened during the quarter as home sale gross margin declined to 24.4% from 27.5% in the prior-year period. The contraction reflects higher incentive activity used to stimulate demand and reduce excess inventory. Selling, general and administrative expenses totaled $380 million, representing 11.5% of home sale revenues, up from 10.5% a yea...

A month has gone by since the last earnings report for KB Home (KBH). Shares have added about 6.6% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is KB Home due for a pullback? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for KB Home before we dive into how investors and analysts have reacted as of late. KB Home reported first-quarter fiscal 2026 results. The quarter’s earnings came in line with the Zacks Consensus Estimate, while total revenues missed the same. Both metrics decreased on a year-over-year basis. KB Home’s fiscal first-quarter performance reflects that the company is navigating a complex macroeconomic landscape while executing a deliberate strategic pivot. The recent escalation of conflict in the Middle East has added a further layer of uncertainty to an already cautious demand environment. Against this backdrop, and given that fiscal first-quarter net orders fell short of the level required to sustain its prior full-year delivery guidance, the company has revised its delivery outlook downward for the year. KBH’s quarterly performance was supported by a strategic pivot back to its core built-to-order (BTO) model, alongside strong execution and disciplined operations. Results were further reinforced by an expansion in community count to the highest level in several years, which helped sustain sales activity, as well as a continued focus on managing direct costs efficiently. In addition, performance benefited from a high-quality buyer base, reflected in solid credit profiles and a notably low cancellation rate, the lowest recorded in recent years. The company reported adjusted earnings of 52 cents per share, in line with the Zacks Consensus Estimate. In the year-ago quarter, it reported an adjusted EPS of $1.49. Total revenues of $1.08 billion missed the consensus mark of $1.1 billion by 2% and decreased 22.6% year over year. Homebuilding: The segment's revenues of $1.07 billion declined 22.7% from the prior-year quarter’s level of $1.39 billion. The number of homes delivered was 2,370 units, down 14% from the year-ago period’s level of 2,770 units. The average selling price (ASP) decreased 9.7% from a year ago to $452,100. Net orders increased 3% from the prior year to 2,846 units. The...

United Rentals, Inc. URI reported solid first-quarter 2026 results, with adjusted earnings per share (EPS) and total revenues beating the Zacks Consensus Estimate and growing year over year. Solid execution across its general rentals and specialty businesses helped drive record first-quarter results, while fleet productivity increased 2.3% from the year-ago period. URI stock surged 14.6% during yesterday’s after-hours, following the earnings release. URI posted adjusted earnings per share of $9.71 for the first quarter, up 9.6% year over year and beat the Zacks Consensus Estimate of $9.01 by 7.8%. Total revenue rose 7.2% year over year to $3.99 billion and topped the consensus mark of $3.87 billion by 2.9%. A closer look at the top line shows that equipment rentals remained the dominant contributor in the quarter. Equipment rentals revenue totaled $3.42 billion (up 8.7% year over year), supported by continued demand across construction and industrial end markets. Average original equipment at cost increased 5.7% year over year. Non-rental lines were mixed but additive to the overall revenue base. Sales of rental equipment were $350 million (down 7.2% year over year), while sales of new equipment were $84 million, up 20% from the year-ago quarter. Contractor supplies sales contributed $40 million and service and other revenues added $92 million, reflecting URI’s broader “one-stop shop” positioning around jobsite solutions. United Rentals, Inc. price-consensus-eps-surprise-chart | United Rentals, Inc. Quote Segment results highlighted both momentum and mix-related pressure points. In the General Rentals segment, equipment rentals revenue increased 6.2% year over year to $2.23 billion, and equipment rentals gross margin expanded 150 basis points (bps) to 33.8%. Specialty continued to outgrow the core, with equipment rentals revenue up 13.8% to $1.19 billion. However, specialty equipment rentals gross margin declined 170 bps to 41.4%, with the company citing higher depreciation expense, increased delivery costs and revenue mix changes tied to growth in lower-margin ancillary revenues. At the consolidated level, profitability expanded slightly year over year. Gross profit was $1.47 billion, implying a gross margin of 36.9% versus 36.5% in the year-ago quarter. Operating income totaled $869 million, producing an operating margin of 21.8% compared with 21.6% a year...

D.R. Horton DHI delivered second-quarter fiscal 2026 results with earnings beating the Zacks Consensus Estimate but revenues missing the same. The quarter was marked by an 11% jump in net sales orders and progress in tightening finished inventory, even as affordability constraints kept incentives elevated. Shares of this Arlington, TX-based homebuilder gained 2.4% following the earnings release on Tuesday. The company’s earnings of $2.24 per share were down 13.2% from $2.58 a year ago but 4.2% above the Zacks Consensus Estimate of $2.15. Total revenues (Homebuilding, Forestar, Rental and Financial Services) were $7.56 billion, down 2.3% year over year and 1.3% below the consensus mark of $7.66 billion. Net income attributable to D.R. Horton fell 20% year over year to $647.9 million. Consolidated income before taxes was $867.4 million on $7.6 billion of revenues, producing a pre-tax profit margin of 11.5% for the quarter. Management highlighted that the pre-tax profit margin finished above the high end of its guidance range. The company also noted that the fiscal second-quarter consolidated pre-tax profit margin and home sales gross margin included a 40-basis-point benefit tied to a favorable litigation outcome and lower warranty costs. Against a backdrop of affordability pressure and cautious consumer sentiment, the ability to remain within its expected profitability range was a key takeaway from the release. Homebuilding revenue declined 2% year over year to $7.1 billion, while homes closed increased 1% to 19,486. Home sales revenues totaled $7.0 billion, supported by steady closing volumes across the footprint. Demand indicators were firmer. Net sales orders rose 11% to 24,992 homes, with an order value of $9.2 billion. The cancelation rate was 16%, which was in line with the prior-year quarter. Management said incentives are expected to remain elevated in fiscal 2026, with levels dependent on demand, mortgage rates and broader market conditions. Alongside the order improvement, the company emphasized its actions to reduce unsold completed homes by 35% from a year ago, reflecting tighter execution around inventory and sales pace. The quarter also showed contributions outside homebuilding. Rental operations generated $211.8 million of revenues (down from $236.6 million a year ago) from the sale of 566 single-family rental homes and 216 multifamily rental un...

LOS ANGELES, April 8, 2026 /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most recognized homebuilders in the U.S., today announced it is relocating its corporate headquarters from Los Angeles to the Phoenix metro area. Beginning in spring 2027, KB Home will establish its new headquarters in Tempe, Arizona, bringing executive leadership and key corporate functions together in a more central location that will lower the company's cost structure over time. The Phoenix metro area has a business-friendly operating environment that is expected to further enhance efficiency and support long-term profitability. "This move brings our teams together in a more collaborative environment, and Phoenix is the right place to do it," said Robert McGibney, president and chief executive officer of KB Home. "It positions KB Home to operate more effectively and supports the next phase of our growth." The new headquarters will be located at Hayden Ferry Lakeside in Tempe and offers convenient access to major transportation, including Phoenix Sky Harbor International Airport. This location builds on KB Home's existing operational foundation, including key corporate functions and leadership currently based in Phoenix, and provides a more geographically central and accessible base within the company's nationwide footprint. KB Home will continue to maintain a significant presence in California through its six operating divisions. Over the years, the company has built tens of thousands of homes across the state and remains deeply committed to serving California homebuyers, with more than 100 communities currently open statewide. For more information on KB Home, call 888-KB-HOMES or visit kbhome.com. About KB Home KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 49 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be one of the top customer-ranked national homebuilders based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more...

KB Home (KBH) said late Wednesday it is relocating its corporate headquarters to the Phoenix metro a

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. KB Home (KBH) has come under pressure after first quarter earnings and revenue missed Wall Street expectations, as management pointed to softer net orders and affordability headwinds tied to higher mortgage rates. See our latest analysis for KB Home. Since those results, KB Home’s share price has slipped, with a 1 month share price return of a 16% decline and a year to date share price return of a 10.9% decline. However, the 3 year total shareholder return of 38.54% still points to a stronger longer term outcome than the recent 1 year total shareholder return of a 6.98% decline. If earnings volatility has you reassessing housing exposure, it can help to broaden your search using a homebuilder adjacent angle and check out 20 top founder-led companies With KB Home shares down double digits over 1 month and year to date, yet still ahead over 3 years, the key question now is whether recent weakness leaves the stock undervalued or if the market is already pricing in future growth. KB Home’s most followed valuation narrative pegs fair value at $61.42 per share, compared with a last close of $50.85. This puts the spotlight on what assumptions justify that gap. Read the complete narrative. Analysts are factoring in pressure on revenue and margins, yet still assigning a richer earnings multiple and higher fair value. The key question is which specific earnings path and valuation multiple bridge today’s share price to that target range, and how the discount rate shapes the story. Result: Fair Value of $61.42 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, softer demand and lower 2025 revenue guidance, together with weaker margins and higher incentives, could undercut the earnings path that supports this view of the stock as undervalued. Find out about the key risks to this KB Home narrative. While the most popular narrative tags KB Home as 17.2% undervalued at a fair value of $61.42, the SWS DCF model tells a very different story. On that measure, KB Home is trading well above an estimated future cash flow value of $17.31 per share. This highlights valuation tension that investors may wish to consider. Look into how the SWS DCF model arrives at...

KB Home’s first quarter fell below Wall Street’s revenue and profit expectations, with management attributing the shortfall to weaker-than-anticipated net orders and ongoing affordability pressures affecting buyers. President and CEO Rob McGibney cited the company’s strategic pivot back to its core built-to-order (BTO) model as a central factor, explaining that “the meaningful improvement in cancellations reflects high-quality committed buyers who are ready and able to purchase a home.” Management also pointed to elevated mortgage rates and global uncertainty weighing on consumer confidence, factors that contributed to a cautious near-term outlook. Is now the time to buy KBH? Find out in our full research report (it’s free). Revenue: $1.08 billion vs analyst estimates of $1.10 billion (22.6% year-on-year decline, 1.8% miss) Adjusted EPS: $0.52 vs analyst expectations of $0.54 (4.4% miss) Adjusted EBITDA: $49.11 million vs analyst estimates of $69.64 million (4.6% margin, 29.5% miss) Operating Margin: 3.4%, down from 9.4% in the same quarter last year Backlog: $1.70 billion at quarter end, down 23% year on year Market Capitalization: $3.15 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Matthew Bouley (Barclays) asked about the operational benefits of the BTO shift. CEO Rob McGibney explained that BTO supports more predictable production, improves backlog visibility, and allows for more efficient use of trade partners, enhancing both cost control and customer value. John Lovallo (UBS, via Matt Johnson) questioned the drivers behind margin recovery in the second half. CFO Robert Dillard pointed to the cumulative impact of higher BTO deliveries, seasonal uplift, and the contribution from Northern California communities with higher average selling prices. Stephen Kim (Evercore ISI) probed the impact of the BTO model on cash flow and backlog turnover. McGibney said BTO improves cash management by reducing speculative inventory, while Executive Chairman Jeffrey Mezger noted that faster build times help align cash outlay with home closings. Alan Ratner (Zelman & Associates) asked about pricing strategy amid market...

KB Home's (KBH) fiscal Q1 results and ongoing geopolitical tensions in the Middle East have prompted