BlackRock Updates KB Home Stake in SC 13G/A Filing
Ticker: KBH · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 795266
| Field | Detail |
|---|---|
| Company | Kb Home (KBH) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its stake in KB HOME, signaling its current position in the homebuilder.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 23, 2024, indicating its ownership of KB HOME common stock as of December 31, 2023. This filing, Amendment No. 17, updates their previous disclosures regarding their stake in the homebuilder. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in KB HOME's future performance.
Why It Matters
Large institutional investors like BlackRock often conduct extensive due diligence, so their investment decisions can influence market sentiment and other investors' perceptions of KB HOME.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently present a significant risk to investors.
Analyst Insight
Investors should monitor subsequent filings from BlackRock to see if their stake in KB HOME significantly increases or decreases, as this could indicate a stronger conviction or a change in investment strategy.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person filing the SC 13G/A
- KB HOME (company) — the issuer whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of SEC filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 17)' sections.
Who is the 'reporting person' in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' on the cover page.
What company's securities are being reported on in this filing?
The securities of KB HOME are being reported on, as stated under '(Name of Issuer) KB HOME' and 'SUBJECT COMPANY: COMPANY CONFORMED NAME: KB HOME'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of KB HOME is 48666K109, as listed under '(CUSIP Number) 48666K109'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires the filing of this statement was December 31, 2023, as specified in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding KB HOME (KBH).