KB Home (KBH)
Builds personalized U.S. homes through a Built to Order model.
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Builds personalized detached and attached homes, townhomes, and condominiums across regional U.S. markets, earning nearly all revenue from homebuilding. Its Built to Order model lets buyers choose homesites, plans, structural options, and Design Studio finishes, while financial services provide insurance and title services and indirect mortgage access.
Builds attached and detached single-family homes, townhomes, and condominiums in communities, urban infill sites, and mixed-use projects across regional U.S. markets. Homebuilding generates nearly all revenue; financial services provide insurance and title services, while a joint venture provides mortgage banking.
Centers its Built to Order model on buyer choices spanning homesites, floor plans, elevations, structural options, and KB Home Design Studio finishes. Centralized architecture, standardized plans, and energy- and water-efficient specifications support construction efficiency and personalization.
Organizes homebuilding into West Coast, Southwest, Central, and Southeast regions. Results depend on acquiring and developing land, managing material and labor availability, controlling build times and costs, and buyers' access to affordable mortgages and homeowners insurance. Projects also require local entitlements, permits, utility coordination, and building-code compliance.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 16, 2026 | Truist Financial | Target | Target: $56 | Target: $55 |
| Sep 11, 2026 | Wells Fargo | Reiterate | Rating: —Target: $55 | Target: $50 |
| Jun 25, 2026 | Barclays | Reiterate | Rating: —Target: $62 | Target: $57 |
| Jun 24, 2026 | Truist Financial | Target | Target: $50 | Target: $56 |
| Jun 24, 2026 | UBS | Reiterate | Rating: —Target: $71 | Target: $66 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 31, 2026Cash & short-term investments $199.8M · Total debt $2.00B · Total assets $6.78B · Shareholders' equity $3.80B
- Revenue
- $1.11B
- Operating income
- $32.0M
- Net income
- $27.3M
HistoryDividendAnnual yield
| Institutions | 105.08% | 64.43M shares | |
|---|---|---|---|
| 413 holders · as of Jun 30, 2026 | |||
| Insiders | 1.58% | 967.3K shares | |
| 15 holders · as of Aug 7, 2026 | |||
| Adds to | 106.66% | ||
61.31M company shares as of Sep 8, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 106.66%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 16.12% | 9.88M | as of Jun 30, 2026 |
FMR LLCInstitution | 8.47% | 5.19M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.78% | 3.55M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.26% | 3.22M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 4.93% | 3.03M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 5, 2026 | Albert Z. Praw | officer: EVP, Real Estate & Bus. Dev. | −22,015 | $58.70 |
| Aug 6, 2026 | Arthur Reginald Collins | director | −4,000 | $56.96 |
| Jul 13, 2026 | Robert V. McGibney | director, officer: President and CEO | −20,621 | $55.31 |
| Jul 15, 2026 | Jeffrey T. Mezger | director, officer: Executive Chairman | −51,018 | $56.51 |
| Jul 14, 2026 | Jeffrey T. Mezger | director, officer: Executive Chairman | −129,062 | $55.05 |
- D.R. Horton
National scale in entry-level and move-up homes
- Lennar
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- PulteGroup
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- Meritage Homes
Entry-level and energy-efficient homes in overlapping states
- Toll Brothers
Luxury move-up builder with design-studio overlap
- NVR
Pre-sold Ryan Homes model with Southeast overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| KB Home | $48.58 | +1.49% | $2.93B | 11.6 | 11.4 | 0.5 | −27.3% |
| D.R. Horton | $142.43 | +2.28% | $38.95B | 13.3 | 12.8 | 1.2 | +0.0% |
| Lennar | $81.68 | +4.61% | $19.39B | 14.8 | 16.5 | 0.6 | −9.0% |
| PulteGroup | $121.00 | +1.71% | $22.96B | 12.2 | 11.4 | 1.4 | −9.6% |
| Meritage Homes | $65.82 | +2.28% | $4.29B | 13.5 | 12.2 | 0.8 | −14.3% |
| Toll Brothers | $137.33 | +1.35% | $12.67B | 10.9 | 10.1 | 1.2 | −9.7% |
| NVR | $6,292.09 | +1.67% | $16.71B | 16.1 | 16.3 | 1.8 | −10.6% |
| Median | 13.4 | 12.5 | 1.2 | −9.6% |