KBH Stock Summary and Trading Ideas (KB Home | NYSE:KBH)

KB Home is an American construction company that focuses on residential construction in United States. The company builds single-family homes and communities across different geographical segments which include West Coast which also derives the majority of the revenue, Southwest, Central, and Southeast. The company operates in several markets and focuses on first-time and move-up homebuyers. It also invests in land acquisition and development to support future building activities and is also engaged in financial services operations which includes providing mortgage banking services through its joint venture with a third party.

KB Home trades on the NYSE stock market under the symbol KBH.

As of April 18, 2024, KBH stock price declined to $60.41 with 1,141,597 million shares trading.

KBH has a beta of 1.79, meaning it tends to be more sensitive to market movements. KBH has a correlation of 0.39 to the broad based SPY ETF.

KBH has a market cap of $4.58 billion. This is considered a Mid Cap stock.

Last quarter KB Home reported $1 billion in Revenue and $1.76 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.19.

In the last 3 years, KBH stock traded as high as $72.00 and as low as $24.78.

The top ETF exchange traded funds that KBH belongs to (by Net Assets): VTI, IJH, VB, IWM, AVUV.

KBH has outperformed the market in the last year with a return of +53.6%, while the SPY ETF gained +22.3%. However, in the most recent history, KBH shares have underperformed the stock market with its stock returning +1.0% in the last 3 month period and -11.4% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

KBH support price is $59.64 and resistance is $62.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KBH stock will trade within this expected range on the day.