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Stock impact report

Raymond James downgrades KB Home on disappointing Q4 results, near-term risks [Yahoo! Finance]

KB Home (KBH) 
Last kb home earnings: 3/26 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.kbhome.com
Company Research Source: Yahoo! Finance
Analyst Buck Horne said the downgrade reflects weaker-than-expected fiscal fourth-quarter earnings and concerns around KB Home's decision to pivot back toward a build-to-order model at a time when entry-level peers continue to move spec inventory aggressively using mortgage rate buydowns. While the strategy may appeal to customers seeking pricing transparency and customization, it could put the company at a tactical disadvantage in the current affordability-driven market, Horne noted. “Competitors have proven unafraid of aggressively utilizing financing tools that can generate lower monthly payments, less margin impact, and faster inventory turns in an environment where “affordability” has become the ultimate selling feature,” the analyst explained. Against that backdrop, he warned that KB Home may be “unilaterally disarming,” even as it continues to rely on spec homes for roughly 30% to 40% of fiscal 2026 (FY26) deliveries. KB Home reported GAAP EPS of $1.55 for the fourth q Show less Read more
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