UBS Reiterates Buy Rating for KBH with $66 Target
UBS reaffirms its buy rating for KBH, setting a $66 price target, a 7.30% upside from the current price.
Key Points
- UBS analyst John Lovallo reiterated a buy rating on KBH with a $66 price target on June 24, 2026.
- UBS's $66 price target implies 7.30% upside from KB Home's ($KBH) current $61.51 share price.
- KBH shares traded at $52.73 on Wednesday, reflecting steady insider buying activity in April.
- Institutional investors like BlackRock and Vanguard have adjusted their positions in KBH, with varied changes in shareholdings.
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UBS analyst John Lovallo reiterated his buy rating for KBH, setting a price target of $66 on June 24, 2026. This reaffirmation suggests confidence in the company's potential upside, as KBH shares traded at $52.73 on Wednesday.
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Other Institutional Activity in KBH
Several institutional investors have adjusted their holdings in KBH. BlackRock, Inc. increased its position by 94,849 shares, ending with 9,382,121 shares valued at about $485.5 million. FMR LLC, on the other hand, reduced its holdings by 568,578 shares, now holding 5,080,393 shares worth approximately $262.9 million. State Street Corp added 73,408 shares, bringing its total to 3,333,544 shares valued at $172.5 million. Meanwhile, Vanguard Portfolio Management LLC opened a new position with 2,903,154 shares, and Vanguard Capital Management LLC also initiated a stake with 2,509,809 shares.
KB Home Stock Up 12.1%
On Wednesday, KBH shares traded near $52.73. The company's stock has experienced fluctuations, with a 52-week range between its highs and lows. Institutional interest and analyst ratings suggest active market engagement.
$KBH price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at KB Home
Several insiders, including Robert McGibney, President and CEO, bought shares on April 23, 2026. McGibney acquired 53,438 shares, while other insiders like Henry Cheryl Janet, Thomas Gilligan, and Dorene Dominguez each purchased 2,895 shares. None of these transactions were part of a pre-arranged trading plan.
Analysts Set New Price Targets
On June 24, 2026, UBS maintained its buy rating with a $66 target. Wells Fargo maintained a sell rating with a $52 target, and Citizens reiterated a buy rating with a $77 target. The consensus among analysts shows varied perspectives, with a mix of buy, hold, and sell ratings.
Bottom Line
UBS's reaffirmation of a buy rating for KBH with a $66 price target highlights confidence in the stock's potential. Institutional adjustments and insider purchases indicate active interest in KBH. As always, remember that analyst ratings and institutional filings are backward-looking and may not reflect current conditions.
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