KB Home Stock Price, News & Analysis

KB Home announces the grand opening of Liberty Station, a new townhome community in Raleigh, N.C. Priced from the $280,000s, the homes feature open kitchens, spacious suites, two-story floor plans, and up to three bedrooms. Situated near Interstates 40 and 440, residents will benefit from easy commutes and nearby parks offering recreational activities. All homes are ENERGY STAR certified, promoting energy efficiency and a healthier living environment.

KB Home has authorized the repurchase of up to $300 million of its common stock as of April 7, 2022, replacing a previous plan with 331,400 shares left. The repurchase will occur through various means based on market conditions. Additionally, the company declared a quarterly cash dividend of $.15 per share, payable on May 19, 2022 to shareholders of record by May 5, 2022. This move highlights KB Home's commitment to enhancing shareholder value.

KB Home (NYSE: KBH) announces the grand opening of Country Roads, a new community in Murrieta, California, offering personalized homes priced from the $680,000s. The community features one- and two-story homes ranging from approximately 1,900 to 2,500 square feet, with up to six bedrooms. Located near major highways and employment centers, Country Roads provides convenient access to amenities and outdoor recreation. KB Home emphasizes personalization and energy efficiency, with every home designed to be ENERGY STAR certified.

KB Home (NYSE: KBH) reported a 23% increase in total revenues to $1.40 billion for Q1 2022, with diluted EPS growing 44% to $1.47. Operating income margin improved by 220 basis points to 12.2%, supported by a 22% rise in average selling price to $486,100. Ending backlog value surged 55% to $5.71 billion. Despite strong demand, supply chain issues are causing build delays. For 2022, the company maintains guidance of $7.4 billion in revenues with targets for operating margin and return on equity exceeding 16% and 27%, respectively.