Neuberger Berman Group LLC Raises Holdings in KBR, Inc. (NYSE:KBR)

Neuberger Berman Group LLC grew its position in shares of KBR, Inc. (NYSE:KBR) by 6.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,114,109 shares of the construction company’s stock after purchasing an additional 133,992 shares during the period. Neuberger Berman Group LLC owned approximately 1.63% of KBR worth $105,325,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Boston Partners grew its position in shares of KBR by 35.2% during the first quarter. Boston Partners now owns 4,384,527 shares of the construction company’s stock valued at $218,648,000 after purchasing an additional 1,142,111 shares in the last quarter. CCM Investment Group LLC purchased a new position in shares of KBR during the first quarter valued at about $295,000. Nuveen LLC purchased a new position in shares of KBR during the first quarter valued at about $31,454,000. Entropy Technologies LP purchased a new position in KBR in the first quarter worth about $1,097,000. Finally, Invesco Ltd. grew its position in KBR by 16.1% in the first quarter. Invesco Ltd. now owns 4,925,667 shares of the construction company’s stock worth $245,347,000 after acquiring an additional 683,280 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Up 1.4%

Shares of NYSE KBR opened at $50.47 on Thursday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $6.50 billion, a P/E ratio of 18.28, a PEG ratio of 1.00 and a beta of 0.76. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60. The firm has a 50-day simple moving average of $48.87 and a two-hundred day simple moving average of $50.78.

KBR (NYSE:KBR) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.10 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. Research analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current year.

Insider Buying and Selling at KBR

In other news, CEO Stuart Bradie sold 20,000 shares of KBR stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the completion of the sale, the chief executive officer owned 802,361 shares of the company’s stock, valued at approximately $42,372,684.41. The trade was a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.11% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group lowered KBR from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $66.00 to $54.00 in a research report on Wednesday, July 2nd. Bank of America lowered KBR from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $70.00 to $55.00 in a research report on Wednesday. The Goldman Sachs Group lowered KBR from a “buy” rating to a “neutral” rating and set a $55.00 price target for the company. in a research report on Tuesday, May 27th. KeyCorp lowered KBR from an “overweight” rating to a “sector weight” rating in a research report on Monday, June 23rd. Finally, Wall Street Zen lowered KBR from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $62.78.

KBR Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.