Ken Fisher Super Stocks: 5 Biggest Small-Cap Stocks

4. KB Home (NYSE:KBH)

Number of Hedge Fund Holders: 29

Fisher Asset Management’s Stake Value: $70,351,000

KB Home (NYSE:KBH) was founded in 1957 and is headquartered in Los Angeles, California. It is a homebuilding company that constructs and sells attached and detached single-family residential homes, townhomes, and condominiums. Ken Fisher boosted his stake in KB Home (NYSE:KBH) by 12% in Q3 2022, holding 2.7 million shares worth $70.35 million. 

On October 13, KB Home (NYSE:KBH) declared a quarterly dividend of $0.15 per share, in line with previous. The dividend is distributable on November 23, to shareholders of record on November 10. KB Home (NYSE:KBH)’s dividend yield on November 16 came in at 1.95%. 

Raymond James analyst Buck Horne on October 21 double downgraded KB Home (NYSE:KBH) to Market Perform from Strong Buy without a price target. The analyst said the outlook for the U.S. housing market is becoming more difficult, and told investors that KB Home (NYSE:KBH)’s primary markets on the West Coast are seeing a higher deterioration in pricing compared to the rest of the country.

According to Insider Monkey’s Q2 data, 29 hedge funds were bullish on KB Home (NYSE:KBH), compared to 33 funds in the prior quarter. Dmitry Balyasny’s Balyasny Asset Management is a prominent stakeholder of the company, with 1.5 million shares worth $42.5 million.