Citizens Reiterates Buy Rating on KBH with $77 Target
Citizens reaffirms its buy rating for KBH, setting a price target of $77, a 25.18% upside from the current price.
Key Points
- On June 24, 2026, Citizens reiterated its buy rating for KBH, setting a price target of $77.
- Citizens's $77 price target implies 25.18% upside from KB Home's ($KBH) current $61.51 share price.
- KBH shares traded at $52.73 on Wednesday, with institutional investors like BlackRock and Vanguard adjusting their positions.
- Insiders, including KBH's CEO, purchased shares, while analysts from UBS and Wells Fargo maintained their ratings.
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On June 24, 2026, Citizens reiterated its buy rating for KBH, setting a price target of $77. This update comes as shares of KBH traded around $52.73 on Wednesday.
Other Institutional Activity in KBH
Institutional investors have shown varied interest in KBH. BlackRock, Inc. increased its holdings by 94,849 shares, bringing its total to 9,382,121 shares valued at approximately $485.5 million. FMR LLC reduced its position by 568,578 shares, leaving it with 5,080,393 shares worth about $262.9 million. State Street Corp added 73,408 shares to hold a total of 3,333,544 shares, valued at $172.5 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, with 2,903,154 and 2,509,809 shares, valued at $150.2 million and $129.9 million, respectively.
KB Home Stock Up 12.1%
Shares of KBH traded near $52.73 on Wednesday. While specific financial metrics like market cap and P/E ratio are not provided, the stock is actively monitored by both institutional investors and analysts, reflecting its position in the market.
$KBH price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at KB Home
There was notable insider buying activity at KBH on April 23, 2026. Multiple insiders, including Robert McGibney, President and CEO, purchased 53,438 shares. Other insiders, such as Henry Cheryl Janet, Gilligan Thomas, and Dominguez Dorene, each bought 2,895 shares.
Analysts Set New Price Targets
On June 24, 2026, Wells Fargo maintained a sell rating with a $52 target, while UBS reiterated its buy rating at $66. Citizens reaffirmed its buy rating with a $77 target. The consensus among analysts suggests a mixed outlook, with a range of ratings from buy to sell.
Bottom Line
Citizens' reaffirmation of its buy rating and $77 target for KBH indicates confidence in the company's potential. Institutional activity shows varied interest, with some funds increasing their stakes while others trim positions. Insider buying further highlights confidence from within the company. As always, it's crucial to remember that 13F filings and analyst updates are backward-looking and may not reflect current conditions.
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