Mutual of America Capital Management LLC Reduces Stock Position in KBR, Inc. $KBR

Mutual of America Capital Management LLC lowered its stake in KBR, Inc. (NYSE:KBR) by 5.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,519 shares of the construction company’s stock after selling 4,058 shares during the quarter. Mutual of America Capital Management LLC’s holdings in KBR were worth $3,093,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Voya Investment Management LLC boosted its holdings in KBR by 1.2% in the first quarter. Voya Investment Management LLC now owns 20,095 shares of the construction company’s stock worth $1,001,000 after purchasing an additional 241 shares during the last quarter. KBC Group NV boosted its holdings in KBR by 4.8% in the first quarter. KBC Group NV now owns 5,703 shares of the construction company’s stock worth $284,000 after purchasing an additional 260 shares during the last quarter. US Bancorp DE boosted its stake in shares of KBR by 13.5% during the 1st quarter. US Bancorp DE now owns 2,260 shares of the construction company’s stock worth $113,000 after acquiring an additional 268 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of KBR by 37.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,093 shares of the construction company’s stock worth $52,000 after acquiring an additional 298 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of KBR by 0.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 37,300 shares of the construction company’s stock worth $1,858,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Up 2.1%

Shares of KBR stock opened at $44.29 on Friday. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 0.86 and a beta of 0.68. KBR, Inc. has a one year low of $42.94 and a one year high of $72.60. The company’s fifty day moving average price is $47.97 and its 200-day moving average price is $49.59. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13.

KBR (NYSE:KBR) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm had revenue of $1.95 billion for 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 company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. Sell-side analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, December 15th. KBR’s payout ratio is currently 23.91%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. DA Davidson dropped their price target on shares of KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. UBS Group cut shares of 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 note on Wednesday, July 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of KBR in a research note on Wednesday, October 8th. Citigroup dropped their price target on shares of KBR from $67.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Wall Street Zen upgraded shares of KBR from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.00.

KBR Company 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.