KB Home Reaches 52-Week High - Analyst Blog
11 3월 2013 - 5:50PM
Zacks
Shares of KB Home (KBH) reached a 52-week high
of $20.31 on Mar 8, 2013 ahead of first-quarter fiscal 2013 results
later this month. The closing price of the homebuilder on Mar 8 was
$20.18, representing a huge 1-year return of about 72.1% and
year-to-date return of about 24.0%. Average volume of shares traded
over the last three months stands at approximately 4800K.
Housing Boom Driving the Stock Higher
After witnessing severe and widespread downturn that began in
mid-2006, the housing market is now recovering steadily. With the
housing fundamental improving, KB Home is witnessing significant
growth in both volumes and selling prices. The company saw
increased homebuilding revenues and home deliveries in fiscal
2012.
Moreover, the company is seeing increased demand for larger
homes with more design options, which is driving average selling
prices higher. Further, KB Home has started rolling out communities
in highly favorable submarkets, primarily in the Central and West
Coast regions, which allows it to sell larger, higher priced homes,
driving the average selling price higher. KB Home is also targeting
the higher income, first-time and move-up buyers; all of whom are
more inclined toward buying a new home rather than buying
foreclosures. Further, it is improving and refining its products,
activating communities (which were held for future development) in
stabilizing markets, increasing revenues per community with intense
focus on sales performance, and strengthening management teams with
additional resources to improve its operating performance while
carefully managing costs. Management believes that these growth
initiatives will help it achieve profitability and also drive
significant growth in 2013.
KB Home expects to increase its community count in 2013 as the
current aggressive land acquisition and development activities are
converted into open communities. KB Home expects to see meaningful
revenue growth in the year with increased community count, rising
ASPs, higher revenue per community, higher backlog and improving
housing momentum.
Interestingly, in late January, KB Home announced impressive
preliminary quarter-to-date (QTD) net order growth for new homes
for the upcoming first quarter 2013. The number of new homes
ordered was 750 as of Jan 18, 2013, up 54% from 488 in the year-ago
period.
Other Stocks to Consider
KB Home carries a Zacks Rank #3 (Hold). Some other housing
stocks worth considering include NVR Inc. (NVR) –
Zacks Rank #1 (Strong Buy), D.R. Horton Inc.
(DHI) -Zacks Rank #2 (Buy), and
Consorcio ARA, S. A. B. de C. V. (CNRFF) - Zacks
Rank #2 (Buy).
CONSORCIO ARA (CNRFF): Get Free Report
D R HORTON INC (DHI): Free Stock Analysis Report
KB HOME (KBH): Free Stock Analysis Report
NVR INC (NVR): Free Stock Analysis Report
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Consorcio Ara (PK) (USOTC:CNRFF)
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부터 8월(8) 2024 으로 9월(9) 2024
Consorcio Ara (PK) (USOTC:CNRFF)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024