KB Home(KBH)

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KB Home (KBH) Recently Broke Out Above the 20-Day Moving Average
ZACKS· 2024-08-07 14:36
KB Home (KBH) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, KBH broke through the 20-day moving average, which suggests a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.Similar to ot ...
Best Value Stocks to Buy for August 6th
ZACKS· 2024-08-06 14:15
Here are three stocks with buy rank and strong value characteristics for investors to consider today, August 6th: Pilgrim's Pride (PPC) : This company which is engaged in the processing, production, marketing and distribution of frozen, fresh as well as value-added chicken products, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 27.1% over the last 60 days.Pilgrim's Pride's has a price-to-earnings ratio (P/E) of 9.04 compared wit ...
All You Need to Know About KB Home (KBH) Rating Upgrade to Strong Buy
ZACKS· 2024-07-31 17:00
KB Home (KBH) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors ...
Why KB Home (KBH) Outpaced the Stock Market Today
ZACKS· 2024-07-29 22:56
KB Home (KBH) closed the most recent trading day at $85.03, moving +1.52% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.08%. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq gained 0.07%.The homebuilder's stock has climbed by 19.35% in the past month, exceeding the Construction sector's gain of 10.96% and the S&P 500's loss of 0.21%.The investment community will be paying close attention to the earnings performance of KB Home in its upcoming release. On t ...
KBH vs. NVR: Which Stock Is the Better Value Option?
ZACKS· 2024-07-22 16:46
Investors with an interest in Building Products - Home Builders stocks have likely encountered both KB Home (KBH) and NVR (NVR) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that ta ...
KB Home (KBH) Is Up 15.54% in One Week: What You Should Know
ZACKS· 2024-07-19 17:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
Why KB Home (KBH) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-07-19 14:51
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What a ...
Why Is KB Home (KBH) Up 18.6% Since Last Earnings Report?
ZACKS· 2024-07-18 16:30
Core Viewpoint - KB Home reported strong Q2 fiscal 2024 earnings, with both earnings and revenues exceeding estimates, indicating resilience in a fluctuating housing market [2][3]. Earnings & Revenue Summary - Adjusted earnings per share were $2.15, surpassing the consensus estimate of $1.78 by 20.8% and increasing 11% year-over-year from $1.94 [3]. - Total revenues reached $1.71 billion, exceeding the consensus mark of $1.64 billion by 4.3%, but decreased 3.4% year-over-year [3]. Segment Performance - Homebuilding revenues were $1.7 billion, down 3.2% from the prior year, with 3,523 homes delivered, a decrease of 3.9% [4]. - The average selling price (ASP) increased by 0.7% year-over-year to $483,000 [4]. - Net orders rose 1.5% to 3,997 units, with the value of net orders increasing 6.8% to $2.03 billion, reflecting improved demand [4]. - The cancelation rate dropped to 13% from 22% in the previous year [4]. - The backlog totaled 6,270 homes, down 13.9% from the previous year, with potential housing revenues declining 9.8% to $3.12 billion [4]. Financial Position - Cash and cash equivalents were $643.5 million as of May 31, 2024, down from $727.1 million at the end of fiscal 2023 [6]. - Total liquidity stood at $1.73 billion, with a debt-to-capital ratio improving to 29.8% from 30.7% [6]. - The company repurchased approximately 0.76 million shares for $50 million in Q2 2024, with $950 million remaining under the repurchase authorization [6]. Fiscal 2024 Guidance - KB Home raised its housing revenue expectation to the range of $6.70-$6.90 billion, up from $6.50-$6.90 billion previously [7]. - The estimated ASP is now projected between $485,000 and $495,000, an increase from earlier estimates [7]. - The housing gross margin is expected to be between 21% and 21.5%, while the operating margin is projected to be in the range of 11% to 11.4% [7][8]. Market Position and Outlook - KB Home holds a Zacks Rank 1 (Strong Buy), indicating expectations for above-average returns in the coming months [11]. - The company has a subpar Growth Score of D but a better Momentum Score of C, with an aggregate VGM Score of C [10].
KB Home (KBH) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2024-07-15 14:16
Have you been paying attention to shares of KB Home (KBH) ? Shares have been on the move with the stock up 11.3% over the past month. The stock hit a new 52-week high of $78.19 in the previous session. KB Home has gained 21.9% since the start of the year compared to the 10% move for the Zacks Construction sector and the 8.1% return for the Zacks Building Products - Home Builders industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed ...
KB Home (KBH) Shows Fast-paced Momentum But Is Still a Bargain Stock
ZACKS· 2024-07-15 13:54
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...