New York State Teachers Retirement System Cuts Stock Holdings in KB Home $KBH

New York State Teachers Retirement System lowered its stake in shares of KB Home (NYSE:KBH) by 42.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,559 shares of the construction company’s stock after selling 42,407 shares during the quarter. New York State Teachers Retirement System’s holdings in KB Home were worth $3,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Deprince Race & Zollo Inc. boosted its holdings in KB Home by 13.1% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,054,280 shares of the construction company’s stock worth $59,472,000 after acquiring an additional 122,457 shares during the last quarter. Lincluden Management Ltd. purchased a new stake in shares of KB Home in the third quarter valued at about $1,965,000. Entropy Technologies LP lifted its position in shares of KB Home by 59.1% during the third quarter. Entropy Technologies LP now owns 77,962 shares of the construction company’s stock valued at $4,962,000 after purchasing an additional 28,948 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of KB Home during the fourth quarter valued at about $4,232,000. Finally, iSAM Funds UK Ltd purchased a new position in KB Home during the third quarter worth about $1,451,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Trading Up 0.7%

Shares of KBH stock opened at $56.76 on Friday. The stock has a market capitalization of $3.56 billion, a P/E ratio of 19.78, a PEG ratio of 9.36 and a beta of 1.34. The firm’s 50 day moving average is $52.72 and its 200 day moving average is $55.79. KB Home has a 12 month low of $44.03 and a 12 month high of $68.71.

KB Home (NYSE:KBH) last released its quarterly earnings data on Tuesday, June 23rd. The construction company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). KB Home had a net margin of 4.94% and a return on equity of 7.67%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. The firm’s quarterly revenue was down 27.3% on a year-over-year basis. On average, equities analysts predict that KB Home will post 3.29 EPS for the current year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, May 7th. KB Home’s dividend payout ratio (DPR) is presently 34.84%.

Wall Street Analyst Weigh In

KBH has been the subject of a number of recent analyst reports. Zacks Research raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. The Goldman Sachs Group cut their target price on KB Home from $65.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 25th. UBS Group upped their target price on KB Home from $63.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Barclays increased their price target on KB Home from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $77.00 price target on shares of KB Home in a report on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $60.17.

Key Stories Impacting KB Home

Here are the key news stories impacting KB Home this week:

• Positive Sentiment: KB Home declared a quarterly cash dividend of $0.25 per share, payable on August 20, 2026 to shareholders of record on August 6. Dividends can support the stock by signaling financial stability and returning cash to shareholders. KB Home Declares Third Quarter 2026 Dividend
• Positive Sentiment: Zacks Research raised estimates for several future periods, including FY2026 EPS to $3.09 from $2.80, Q3 2026 EPS to $0.85 from $0.74, Q4 2026 EPS to $1.29 from $1.13, Q2 2027 EPS to $0.81 from $0.75, Q1 2028 EPS to $0.93 from $0.92, and FY2028 EPS to $5.09 from $4.93. Higher earnings expectations can be supportive for valuation. KB Home analyst estimate updates
• Neutral Sentiment: Despite the revisions, Zacks Research kept a Hold rating on KB Home, suggesting analysts see limited near-term upside even with improved profit estimates. KB Home analyst estimate updates

About KB Home

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.