Citizens Reiterates Buy Rating for KB Home with $77 Target

On June 24, 2026, Citizens analyst James McCanless reiterated a buy rating for KB Home (NYSE:KBH), maintaining a price target of $77. This reaffirmation comes as the stock traded near $61.51 on Friday.

KB Home Stock Up 10.7%

Shares of KB Home, a company specializing in residential construction, traded around $61.51 on Friday. The company, with a market cap of approximately $3.8 billion, has a P/E ratio of 11.72 and a forward P/E of 13.70. Its beta is 1.383, indicating higher volatility compared to the market. Over the past year, the stock has seen a low of $44.03 and a high of $68.71. The company's 50-day moving average is $51.53, and its 200-day moving average is $57.96.

Other Institutional Activity in KB Home

Among KB Home's institutional investors, BlackRock, Inc. increased its holdings by 94,849 shares, now owning 9,382,121 shares valued at about $485.52 million. FMR LLC reduced its position by 568,578 shares, bringing its total to 5,080,393 shares worth approximately $262.91 million, a 10.1% decrease. State Street Corp added 73,408 shares, ending with 3,333,544 shares valued at $172.51 million, marking a 2.3% increase. Meanwhile, Vanguard Portfolio Management LLC opened a new position with 2,903,154 shares, valued at $150.24 million.

Insider Buying and Selling at KB Home

In April 2026, several insiders, including CEO Robert McGibney, purchased shares of KB Home. McGibney acquired 53,438 shares, while other insiders, such as Cheryl Janet Henry and Thomas Gilligan, each bought 2,895 shares. These transactions were not part of any planned trading programs.

Analysts Set New Price Targets

Several analysts have also weighed in on KB Home recently. On June 24, 2026, UBS maintained a buy rating with a $66 target, while Wells Fargo maintained a sell rating with a $52 target. RBC Capital reiterated a hold rating, setting a target price of $53. Barclays maintained its buy rating with a $57 target on June 25, 2026. Overall, the consensus recommendation is to hold, with a mean price target of $57.64 based on 11 analyst opinions.

About KB Home

KB Home is a major player in the U.S. residential construction industry, building and selling homes such as single-family residences, townhomes, and condos. The company targets a range of homebuyers, from first-time buyers to active adult communities. Headquartered in Los Angeles, California, and led by CEO Robert V. McGibney, KB Home operates across several states, including California, Texas, and Florida. It also offers mortgage banking and insurance services to its customers.

Bottom Line

Citizens' reaffirmation of a buy rating with a $77 target reflects confidence in KB Home's potential. While the stock traded at $61.51 on Friday, analysts have varied opinions, with targets ranging from $43 to $77. Investors keep a close watch on these ratings and insider activities to gauge market sentiment, but it's important to remember that analyst ratings are backward-looking and may not reflect the latest market conditions.