FMR LLC & Abigail Johnson Disclose 6.313% Stake in KB HOME
Ticker: KBH · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 795266
| Field | Detail |
|---|---|
| Company | Kb Home (KBH) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, homebuilder
TL;DR
**FMR LLC and Abigail Johnson still own 6.313% of KB HOME, a big vote of confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in KB HOME (NYSE: KBH) to 6.313% of the common stock, totaling 5,007,432 shares as of February 9, 2024. This filing indicates a significant, but not controlling, passive investment by FMR LLC, suggesting their continued confidence in the homebuilder. For investors, this means a large institutional holder maintains a substantial position, which can be a sign of stability but also means a potential large seller if their sentiment changes.
Why It Matters
This filing shows a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, continue to hold a significant stake in KB HOME, signaling their ongoing belief in the company's prospects. This can influence other investors' perceptions and potentially the stock's stability.
Risk Assessment
Risk Level: low — This filing indicates a stable, passive institutional ownership, which generally reduces volatility risk for the stock.
Analyst Insight
Investors should note the continued institutional confidence from FMR LLC, but recognize this is a passive stake and not an activist position. Monitor future filings for any changes in ownership percentage, which could signal a shift in institutional sentiment.
Key Numbers
- 5,007,432 — Shares Beneficially Owned (Represents the total number of KB HOME common shares held by FMR LLC and Abigail P. Johnson.)
- 6.313% — Percent of Class (Indicates the proportion of KB HOME's common stock owned by FMR LLC and Abigail P. Johnson, showing a significant but non-controlling stake.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- KB HOME (company) — the issuer of the common stock
- 5,007,432 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 6.313% (dollar_amount) — percentage of KB HOME's common stock owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in KB HOME for the foreseeable future. (FMR LLC) — medium confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What is the total number of KB HOME common shares beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson beneficially own a total of 5,007,432 shares of KB HOME common stock, as detailed in Item 7 and Item 4(a) of the filing.
What percentage of KB HOME's common stock do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 6.313% of KB HOME's common stock, as indicated in Item 11 and Item 4(b) of the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as marked with an 'x' in the appropriate box on the cover page.
What is the CUSIP number for KB HOME's common stock mentioned in this filing?
The CUSIP number for KB HOME's common stock is 48666K109, as stated in the filing's header and Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding KB HOME (KBH).