Legal & General Group Plc lowered its stake in shares of KBR, Inc. (NYSE:KBR – Free Report) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 197,067 shares of the construction company’s stock after selling 15,227 shares during the period. Legal & General Group Plc’s holdings in KBR were worth $7,922,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. raised its position in KBR by 1.5% during the third quarter. Invesco Ltd. now owns 5,544,490 shares of the construction company’s stock worth $262,199,000 after acquiring an additional 79,258 shares during the last quarter. Dimensional Fund Advisors LP raised its position in KBR by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,550,767 shares of the construction company’s stock worth $120,621,000 after acquiring an additional 38,568 shares during the last quarter. Snyder Capital Management L P raised its position in KBR by 19.0% during the third quarter. Snyder Capital Management L P now owns 2,462,418 shares of the construction company’s stock worth $116,448,000 after acquiring an additional 392,725 shares during the last quarter. Neuberger Berman Group LLC raised its position in KBR by 9.1% during the third quarter. Neuberger Berman Group LLC now owns 2,302,468 shares of the construction company’s stock worth $108,850,000 after acquiring an additional 191,382 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in KBR by 4.7% during the third quarter. Van ECK Associates Corp now owns 2,133,428 shares of the construction company’s stock worth $100,890,000 after acquiring an additional 96,188 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.
Insider Buying and Selling at KBR
In other KBR news, Director Thaer Lewis Von acquired 3,000 shares of KBR stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $30.77 per share, for a total transaction of $92,310.00. Following the transaction, the director owned 10,358 shares in the company, valued at approximately $318,715.66. This trade represents a 40.77% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carlos A. Sabater acquired 14,500 shares of KBR stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost of $32.47 per share, with a total value of $470,815.00. Following the completion of the purchase, the director directly owned 35,705 shares of the company’s stock, valued at approximately $1,159,341.35. This represents a 68.38% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 29,875 shares of company stock worth $945,160. Company insiders own 1.15% of the company’s stock.
KBR Stock Down 1.6%
KBR (NYSE:KBR – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The construction company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. KBR had a net margin of 5.21% and a return on equity of 33.92%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 earnings per share. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Equities analysts anticipate that KBR, Inc. will post 3.96 EPS for the current year.
KBR Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be given a dividend of $0.165 per share. The ex-dividend date is Monday, June 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.9%. KBR’s dividend payout ratio (DPR) is 21.09%.
Analyst Ratings Changes
A number of research firms have recently weighed in on KBR. Citigroup cut their price objective on shares of KBR from $53.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Wells Fargo & Company cut their price objective on shares of KBR from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, April 13th. Weiss Ratings lowered shares of KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 27th. Zacks Research upgraded shares of KBR from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Finally, Wall Street Zen cut shares of KBR from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, KBR presently has a consensus rating of “Hold” and a consensus price target of $53.25.
KBR Company Profile
KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.
The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.
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