Wells Fargo analyst Sam Reid maintained a Hold rating on KB Home (KBH – Research Report) today and set a price target of $70.00. The company’s shares closed last Friday at $67.36.
Reid covers the Consumer Cyclical sector, focusing on stocks such as KB Home, Mohawk, and DR Horton. According to TipRanks, Reid has an average return of 12.2% and a 68.57% success rate on recommended stocks.
KB Home has an analyst consensus of Hold, with a price target consensus of $70.60.
KBH market cap is currently $5.1B and has a P/E ratio of 9.17.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KBH in relation to earlier this year. Most recently, in February 2024, Robert V. McGibney, the President & COO of KBH sold 14,781.00 shares for a total of $899,571.66.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
KB Home (KBH) Company Description:
KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes and condominiums. It operates through the following segments: West Coast, Southwest, Central and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects. The company was founded in 1957 and is headquartered in Los Angeles, CA.
Read More on KBH:
- Howard Hughes announces first four homebuilders for Teravalis
- KB Home price target raised to $74 from $67 at Keefe Bruyette
- KB Home price target raised to $70.50 from $68.50 at JPMorgan
- KB Home price target raised to $77 from $75 at Barclays
- KB Home price target lowered to $78 from $82 at Evercore ISI
