KB Home (KBH)

Company Profile

KB Home is one of the largest homebuilders in the United States, with more than 600,000 homes delivered since its founding in 1957. KB Home operates in 38 markets in eight states, primarily serving first-time and first move-up homebuyers, as well as second move-up and active adults. KB Home is differentiated in offering customers the ability to personalize what they value most in their home, from choosing their lot, floor plan, and exterior, to selecting design and décor choices in its KB Home Studios. In addition, its industry leadership in sustainability helps to lower the cost of homeownership for its buyers compared to a typical resale home. The company takes a broad approach to sustainability, encompassing energy efficiency, water conservation, healthier indoor environments, smart home capabilities and waste reduction. KB Home is the first national builder to have earned awards under all of the U.S. EPA's homebuilder programs - ENERGY STAR®, WaterSense® and Indoor airPLUS®.

Company profile

Ticker

KBH

Exchange

NYSE

Website

www.kbhome.com

CEO

Jeffrey Mezger

Incorporated

Delaware

Location

California

Fiscal year end

Nov 30

Sector

Construction > New Single-Family Housing Construction (except For-Sale Builders)

Industry (SIC)

Operative Builders

PulteGroup • Toll Brothers • Taylor Morrison Home • NVR • Beazer Homes USA • M.D.C. • Meritage Homes • Hovnanian Enterprises • MI Homes • Dream Finders Homes ...

Former names

KAUFMAN & BROAD HOME CORP

SEC CIK

0000795266

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

KB HOME Phoenix Inc. • KB HOME Sales - Phoenix Inc. • KB HOME Sales - Tucson Inc. • KB HOME Tucson Inc. • KB HOME Central Valley Inc. • KB HOME Coastal Inc. • KB HOME Greater Los Angeles Inc. • KB HOME Insurance Agency Inc. • KB HOME Sacramento Inc. • KB HOME South Bay Inc. ...

IRS number

953666267

KBH stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$37.38

Low target

$32.50

High target

$45.00

Latest filings (excl ownership)

View all

ARS

2022 FY

Annual report to shareholders

10 Mar 23

DEFA14A

Additional proxy soliciting materials

10 Mar 23

Departure of Directors or Certain Officers

20 Jan 23

KB Home Reports 2022 Fourth Quarter and Full Year Results

11 Jan 23

8-K

Departure of Directors or Certain Officers

7 Oct 22

KB Home Reports 2022 Third Quarter Results

21 Sep 22

8-K

Entry into a Material Definitive Agreement

31 Aug 22

Transcripts

View all

KBH

Earnings call transcript

2022 Q3

21 Sep 22

KBH

Earnings call transcript

2022 Q2

23 Jun 22

KBH

Earnings call transcript

2022 Q1

24 Mar 22

KBH

Earnings call transcript

2021 Q4

13 Jan 22

KBH

Earnings call transcript

2022 Q4

11 Jan 22

KBH

Earnings call transcript

2021 Q3

23 Sep 21

KBH

Earnings call transcript

2021 Q2

24 Jun 21

KBH

Earnings call transcript

2021 Q1

25 Mar 21

KBH

Earnings call transcript

2020 Q4

13 Jan 21

KBH

Earnings call transcript

2020 Q3

22 Sep 20

Latest ownership filings

View all

Financial summary

Financial statements Chart KBH financial data

Quarter (USD)	Nov 22	Aug 22	May 22	Feb 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Nov 22	Nov 21	Nov 20	Nov 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	330.20 mm	330.20 mm	330.20 mm	330.20 mm	330.20 mm	330.20 mm
Cash burn (monthly)	(no burn)	(no burn)	2.82 mm	2.27 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	10.42 mm	8.41 mm	n/a	n/a
Cash remaining	n/a	n/a	319.78 mm	321.79 mm	n/a	n/a
Runway (months of cash)	n/a	n/a	113.4	141.5	n/a	n/a

Beta Read what these cash burn values mean

Financial data from KB Home earnings reports.

Institutional ownership, Q4 2022

KBH institutional ownership history Ownership history

91.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	316	293	+7.8%
Opened positions	62	37	+67.6%
Closed positions	39	51	-23.5%
Increased positions	93	104	-10.6%
Reduced positions	122	113	+8.0%

13F shares	Current	Prev Q	Change
Total value	2.31 tn	1.91 bn	+120530.3%
Total shares	76.48 mm	73.47 mm	+4.1%
Total puts	7.13 mm	9.75 mm	-26.8%
Total calls	2.12 mm	2.57 mm	-17.6%
Total put/call ratio	3.4	3.8	-11.3%

Largest owners	Shares	Value	Change
BLK Blackrock	10.28 mm	$327.46 bn	+2.9%
Vanguard	7.69 mm	$244.95 bn	+0.8%
FMR	4.96 mm	$158.10 bn	+9.5%
MCQEF Macquarie	3.97 mm	$126.55 bn	-0.7%
Alliancebernstein	3.45 mm	$110.04 bn	-2.1%
Capital World Investors	2.96 mm	$94.21 bn	0.0%
Dimensional Fund Advisors	2.90 mm	$93.59 bn	+0.1%
Fisher Asset Management	2.83 mm	$90.26 mm	+4.4%
STT State Street	2.79 mm	$88.73 bn	NEW
Balyasny Asset Management	2.41 mm	$76.89 bn	+32.3%

Largest transactions	Shares	Bought/sold	Change
STT State Street	2.79 mm	+2.79 mm	NEW
Norges Bank	914.94 k	+914.94 k	NEW
Group One Trading	42.83 k	-777.77 k	-94.8%
Aqr Capital Management	1.44 mm	+684.20 k	+90.9%
Handelsbanken Fonder AB	645.07 k	+630.80 k	+4419.2%
Balyasny Asset Management	2.41 mm	+588.93 k	+32.3%
GS Goldman Sachs	524.15 k	-547.47 k	-51.1%
FMR	4.96 mm	+432.25 k	+9.5%
Varde Management	0.00	-428.89 k	EXIT
ExodusPoint Capital Management	0.00	-415.75 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

KBH insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 Feb 23	William R Hollinger	Common Stock	Payment of exercise	Dispose F	No	No	35.2	14,155	498.26 k	160,298
24 Feb 23	William R Hollinger	Common Stock	Grant	Acquire A	No	No	0	28,550	0.00	174,453
24 Feb 23	Jeff Kaminski	Common Stock	Payment of exercise	Dispose F	No	No	35.2	37,747	1.33 mm	184,162
24 Feb 23	Jeff Kaminski	Common Stock	Grant	Acquire A	No	No	0	76,133	0.00	221,909
24 Feb 23	Jeffrey T Mezger	Common Stock	Payment of exercise	Dispose F	No	No	35.2	116,510	4.10 mm	1,472,577
24 Feb 23	Jeffrey T Mezger	Common Stock	Grant	Acquire A	No	No	0	271,903	0.00	1,589,087
24 Feb 23	Brian J Woram	Common Stock	Payment of exercise	Dispose F	No	No	35.2	22,918	806.71 k	161,484
24 Feb 23	Brian J Woram	Common Stock	Grant	Acquire A	No	No	0	46,224	0.00	184,402
24 Feb 23	Albert Z Praw	Common Stock	Payment of exercise	Dispose F	No	No	35.2	24,265	854.13 k	168,040
24 Feb 23	Albert Z Praw	Common Stock	Grant	Acquire A	No	No	0	48,942	0.00	192,305