M&T Bank Corp Boosts Stock Holdings in KB Home $KBH

Key Points

• M&T Bank Corp boosted its stake in KB Home by 673.5% in Q4, acquiring an additional 42,705 shares to hold 49,046 shares worth about $2.77 million (0.08% of the company).
• Analysts have trimmed expectations for KB Home, producing a consensus "Hold" rating and a $59.50 price target after notable cuts (JPMorgan to $50, Goldman to $56, Seaport to $43), though one firm initiated coverage with an outperform and $77 target.
• KB Home reported Q earnings of $0.52 per share (in line with estimates) while revenue fell 22.6% year‑over‑year to $1.08 billion and the company declared a $0.25 quarterly dividend (annualized $1.00, ~1.8% yield).

M&T Bank Corp boosted its position in shares of KB Home (NYSE:KBH - Free Report) by 673.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,046 shares of the construction company's stock after buying an additional 42,705 shares during the period. M&T Bank Corp owned 0.08% of KB Home worth $2,767,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Xponance Inc. increased its stake in KB Home by 1.6% during the 3rd quarter. Xponance Inc. now owns 10,198 shares of the construction company's stock worth $649,000 after buying an additional 163 shares in the last quarter. GHE LLC increased its stake in KB Home by 0.7% during the 3rd quarter. GHE LLC now owns 30,983 shares of the construction company's stock worth $1,972,000 after buying an additional 212 shares in the last quarter. Jones Financial Companies Lllp increased its stake in KB Home by 44.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company's stock worth $49,000 after buying an additional 240 shares in the last quarter. Nebula Research & Development LLC increased its stake in KB Home by 6.3% during the 2nd quarter. Nebula Research & Development LLC now owns 4,402 shares of the construction company's stock worth $233,000 after buying an additional 262 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of KB Home by 15.4% during the 3rd quarter. Covestor Ltd now owns 2,020 shares of the construction company's stock worth $129,000 after purchasing an additional 270 shares during the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KBH shares. JPMorgan Chase & Co. lowered their target price on KB Home from $71.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, December 29th. The Goldman Sachs Group lowered their target price on KB Home from $65.00 to $56.00 and set a "neutral" rating on the stock in a report on Wednesday, March 25th. Seaport Research Partners restated a "sell" rating and set a $43.00 target price (down from $65.00) on shares of KB Home in a report on Tuesday, April 7th. Truist Financial lowered their target price on KB Home from $65.00 to $54.00 and set a "hold" rating on the stock in a report on Wednesday, March 25th. Finally, Citizens Jmp started coverage on KB Home in a report on Tuesday, March 24th. They set an "outperform" rating and a $77.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $59.50.

KB Home Price Performance

Shares of KB Home stock opened at $55.46 on Tuesday. The stock has a market cap of $3.47 billion, a P/E ratio of 14.08, a P/E/G ratio of 9.64 and a beta of 1.50. The stock's 50 day simple moving average is $55.70 and its 200-day simple moving average is $59.12. KB Home has a 1-year low of $48.17 and a 1-year high of $68.71.

KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Tuesday, March 24th. The construction company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. KB Home had a return on equity of 9.63% and a net margin of 5.96%.The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same period in the previous year, the firm posted $1.49 EPS. The business's revenue for the quarter was down 22.6% compared to the same quarter last year. As a group, research analysts expect that KB Home will post 3.13 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, May 7th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 7th. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. KB Home's dividend payout ratio is currently 25.38%.

KB Home 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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