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Has KB Home (KBH) Outpaced Other Construction Stocks This Year?

Zacks Equity Research

Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Has KB Home (KBH) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

KB Home is a member of our Construction group, which includes 101 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. KBH is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for KBH's full-year earnings has moved 4.78% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

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Our latest available data shows that KBH has returned about 77.59% since the start of the calendar year. Meanwhile, the Construction sector has returned an average of 33.39% on a year-to-date basis. As we can see, KB Home is performing better than its sector in the calendar year.

Looking more specifically, KBH belongs to the Building Products - Home Builders industry, a group that includes 19 individual stocks and currently sits at #12 in the Zacks Industry Rank. On average, stocks in this group have gained 47.77% this year, meaning that KBH is performing better in terms of year-to-date returns.

Going forward, investors interested in Construction stocks should continue to pay close attention to KBH as it looks to continue its solid performance.


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