JPMorgan Chase & Co. Has $26.62 Million Stock Position in KB Home $KBH

Key Points

• JPMorgan Chase & Co. increased its stake in KB Home by 24.6% in Q3 to 418,328 shares, representing about 0.65% of the company and valued at approximately $26.62 million.
• KB Home trades in a 52‑week range of $48.90–$68.71, has a market cap of $3.36 billion and a P/E of 10.84, and pays an annualized dividend of $1.00 (yield ≈1.9%).
• Analysts have been cutting targets and ratings recently—JPMorgan lowered its price objective to $50 and set a neutral rating, while the consensus remains a Hold with an average target of $62.92.

JPMorgan Chase & Co. lifted its position in KB Home (NYSE:KBH - Free Report) by 24.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 418,328 shares of the construction company's stock after acquiring an additional 82,592 shares during the period. JPMorgan Chase & Co. owned about 0.65% of KB Home worth $26,622,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. United Services Automobile Association acquired a new position in KB Home in the 1st quarter worth approximately $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of KB Home by 5.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,525 shares of the construction company's stock valued at $13,108,000 after purchasing an additional 11,103 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of KB Home by 11.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,431 shares of the construction company's stock valued at $976,000 after purchasing an additional 1,842 shares in the last quarter. Creative Planning boosted its position in shares of KB Home by 75.1% in the second quarter. Creative Planning now owns 46,524 shares of the construction company's stock worth $2,464,000 after buying an additional 19,956 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of KB Home by 2.1% during the second quarter. Legal & General Group Plc now owns 121,178 shares of the construction company's stock valued at $6,419,000 after buying an additional 2,515 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.

KB Home Stock Performance

Shares of KBH stock opened at $53.20 on Tuesday. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $68.71. The stock's 50-day moving average is $59.93 and its two-hundred day moving average is $61.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.77 and a quick ratio of 0.53. The firm has a market cap of $3.36 billion, a P/E ratio of 10.84, a PEG ratio of 6.80 and a beta of 1.47.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were issued a $0.25 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. KB Home's dividend payout ratio is currently 20.37%.

Analyst Ratings Changes

KBH has been the subject of several research analyst reports. Barclays reduced their price objective on KB Home from $71.00 to $62.00 and set an "overweight" rating for the company in a research note on Monday, December 22nd. Royal Bank Of Canada reduced their price target on shares of KB Home from $59.00 to $54.00 and set a "sector perform" rating for the company in a research report on Friday, December 19th. Bank of America decreased their price target on shares of KB Home from $62.00 to $58.00 and set a "neutral" rating for the company in a report on Monday, December 22nd. Zacks Research downgraded shares of KB Home from a "hold" rating to a "strong sell" rating in a research report on Tuesday, December 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of KB Home from $71.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $62.92.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation's largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.

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