GSA Capital Partners LLP acquired a new position in shares of KBR, Inc. (NYSE:KBR – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,338 shares of the construction company’s stock, valued at approximately $898,000.
A number of other institutional investors have also recently made changes to their positions in KBR. Wellington Management Group LLP grew its position in shares of KBR by 1,611.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,327 shares of the construction company’s stock valued at $93,366,000 after buying an additional 1,858,961 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of KBR in the 3rd quarter valued at about $54,038,000. M&T Bank Corp grew its position in shares of KBR by 2,188.1% in the 4th quarter. M&T Bank Corp now owns 691,634 shares of the construction company’s stock valued at $27,804,000 after buying an additional 661,406 shares during the last quarter. Copeland Capital Management LLC grew its position in shares of KBR by 84.3% in the 4th quarter. Copeland Capital Management LLC now owns 1,311,730 shares of the construction company’s stock valued at $52,732,000 after buying an additional 599,823 shares during the last quarter. Finally, Snyder Capital Management L P grew its position in shares of KBR by 19.0% in the 3rd quarter. Snyder Capital Management L P now owns 2,462,418 shares of the construction company’s stock valued at $116,448,000 after buying an additional 392,725 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.
Insiders Place Their Bets
In other KBR news, Director Jack B. Moore bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $31.44 per share, for a total transaction of $125,760.00. Following the transaction, the director directly owned 54,352 shares in the company, valued at approximately $1,708,826.88. This trade represents a 7.94% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Shad E. Evans bought 8,375 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $30.60 per share, for a total transaction of $256,275.00. Following the transaction, the chief financial officer owned 43,725 shares in the company, valued at $1,337,985. This represents a 23.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 29,875 shares of company stock worth $945,160 in the last quarter. 1.15% of the stock is currently owned by company insiders.
KBR Stock Up 4.3%
KBR (NYSE:KBR – Get Free Report) last announced its earnings results on Tuesday, May 5th. The construction company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. KBR had a return on equity of 33.92% and a net margin of 5.21%.The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company earned $1.01 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Equities research analysts anticipate that KBR, Inc. will post 4 EPS for the current 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 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 2.0%. KBR’s dividend payout ratio is presently 21.09%.
Wall Street Analyst Weigh In
A number of research firms have commented on KBR. Wells Fargo & Company reduced their price target on KBR from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, April 13th. Wall Street Zen lowered KBR from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Citigroup reduced their price target on KBR from $53.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Zacks Research upgraded KBR from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. Finally, UBS Group reduced their price target on KBR from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $53.44.
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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