SCHEDULE 13G/A: FMR LLC and Abigail Johnson Maintain Significant Stake in KB Home, Disclosing 8.6% Beneficial Ownership
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a combined beneficial ownership of 8.6% of KB Home's common stock as of March 31, 2025, affirming a passive investment intent.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 6,119,387.94 shares of KB Home's common stock.
- This ownership represents 8.6% of the total outstanding common stock of KB Home.
- FMR LLC holds sole voting power over 6,109,623.00 shares and sole dispositive power over 6,119,387.94 shares.
- Abigail P. Johnson holds sole dispositive power over 6,119,387.94 shares, with no sole or shared voting power.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of KB Home.
- FMR LLC is classified as a parent holding company, and Abigail P. Johnson is an individual reporting person.
- Several FMR LLC subsidiaries and affiliates, including Fidelity Management & Research Company LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater of the outstanding shares.
- Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, along with other Johnson family members, are predominant owners of FMR LLC's Series B voting common shares, forming a controlling group with respect to FMR LLC.
Sentiment
Score: 5
Explanation: The document is a standard beneficial ownership disclosure (Schedule 13G) and does not contain information that would typically indicate positive or negative sentiment regarding the issuer's performance or outlook. It simply reports a significant stake held by an institutional investor.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Disclosure of a significant institutional stake may be viewed positively as it indicates institutional confidence, but it does not imply any change in control or operational strategy.
Key Dates
| Date | Description |
|---|---|
| January 3, 2023 | Effective date of Power of Attorney for FMR LLC. |
| January 10, 2023 | Filing date of Schedule 13G by FMR LLC where Power of Attorney was incorporated by reference. |
| January 26, 2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| January 31, 2023 | Filing date of Schedule 13G by FMR LLC where Abigail P. Johnson's Power of Attorney was incorporated by reference. |
| March 31, 2025 | Date of event which requires the filing of this statement (reporting period end date). |
| May 9, 2025 | Filing date of this Schedule 13G Amendment No. 3. |
Keywords
KB Home, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Homebuilder, Passive Investment
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