Janney Montgomery Scott LLC trimmed its holdings in KBR, Inc. (NYSE:KBR – Free Report) by 68.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,292 shares of the construction company’s stock after selling 37,415 shares during the quarter. Janney Montgomery Scott LLC’s holdings in KBR were worth $637,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its stake in KBR by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 40,133 shares of the construction company’s stock valued at $1,898,000 after acquiring an additional 249 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of KBR by 89.8% during the fourth quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock valued at $25,000 after purchasing an additional 289 shares during the period. Truist Financial Corp increased its holdings in shares of KBR by 1.9% during the fourth quarter. Truist Financial Corp now owns 17,342 shares of the construction company’s stock valued at $697,000 after purchasing an additional 317 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of KBR by 27.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,561 shares of the construction company’s stock valued at $74,000 after purchasing an additional 333 shares in the last quarter. Finally, Merit Financial Group LLC lifted its holdings in KBR by 7.3% in the third quarter. Merit Financial Group LLC now owns 4,955 shares of the construction company’s stock worth $234,000 after purchasing an additional 337 shares during the period. 97.02% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have commented on KBR shares. Wells Fargo & Company lowered their target price on shares of KBR from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, April 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of KBR in a report on Wednesday, June 24th. Zacks Research upgraded shares of KBR from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. UBS Group dropped their target price on KBR from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Finally, Citigroup cut their target price on KBR from $53.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $53.25.
KBR Price Performance
NYSE:KBR opened at $35.56 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.59. The business’s 50-day moving average price is $34.12 and its 200 day moving average price is $37.92. KBR, Inc. has a 52-week low of $29.94 and a 52-week high of $52.23. The firm has a market cap of $4.51 billion, a P/E ratio of 11.36, a PEG ratio of 2.13 and a beta of 0.44.
KBR (NYSE:KBR – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The construction company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. KBR had a net margin of 5.21% and a return on equity of 33.92%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the company earned $1.01 EPS. KBR’s revenue was down 4.7% on a year-over-year basis. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. As a group, sell-side analysts predict that KBR, Inc. will post 3.98 earnings per share for the current fiscal year.
KBR Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, June 15th. KBR’s dividend payout ratio (DPR) is presently 21.09%.
Insider Buying and Selling at KBR
In related news, Director Carlos A. Sabater acquired 14,500 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price of $32.47 per share, for a total transaction of $470,815.00. Following the transaction, the director owned 35,705 shares of the company’s stock, valued at approximately $1,159,341.35. The trade was a 68.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack B. Moore acquired 4,000 shares of KBR stock in a transaction dated Wednesday, May 20th. The shares were bought at an average cost of $31.44 per share, with a total value of $125,760.00. Following the completion of the purchase, the director owned 54,352 shares in the company, valued at approximately $1,708,826.88. This represents a 7.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 29,875 shares of company stock valued at $945,160. 1.15% of the stock is currently owned by corporate insiders.
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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