Shares of KB Home (NYSE:KBH) traded today at $50.16, eclipsing its 52-week high. So far today approximately 558,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.
KB Home is an American construction company that focuses on residential construction. The company builds single-family homes and communities across Arizona, California, Colorado, Florida, Nevada, Texas, North Carolina, and the Washington, D.C., area. KB Home operates in several markets and focuses on first-time and move-up homebuyers. The company follows a built-to-order model that offers personalized homes at attainable prices based on the market location. The company also invests in land acquisition and development to support future building activities.
Over the past year, KB Home has traded in a range of $19.28 to $50.16 and is now at $48.92, 154% above that low.
KB Home (NYSE:KBH) defies analysts with a current price ($48.92) 23.5% above its average consensus price target of $37.44.
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