Oppenheimer Begins Coverage of KB Home (KBH) Stock

Group 1 - KB Home (NYSE:KBH) is recognized as one of the best housing stocks to buy according to hedge funds, with Oppenheimer initiating coverage with a "Perform" rating and no price target [1] - The company's land strategy is viewed positively, and its build-to-order model is believed to have long-term advantages, although its market footprint and new pricing approach present challenges in the current market [1][2] - In Q2 2025, KB Home reported revenues of $1.53 billion, a decrease from $1.71 billion in the previous period, while the average selling price increased slightly to $488,700 [1] Group 2 - KB Home is scaling back land acquisition and development investments while increasing share repurchases, reflecting a strategic shift in response to the current market environment [2] - In Q2 2025, the company repurchased $200 million of its outstanding common stock at an average price of approximately $54 per share [2]