Renaissance Technologies LLC grew its position in KBR, Inc. (NYSE:KBR – Free Report) by 90.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 607,400 shares of the construction company’s stock after purchasing an additional 288,900 shares during the period. Renaissance Technologies LLC’s holdings in KBR were worth $22,389,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Stanley grew its stake in shares of KBR by 343.5% in the 4th quarter. Morgan Stanley now owns 2,748,597 shares of the construction company’s stock valued at $110,494,000 after buying an additional 2,128,895 shares in the last quarter. Wellington Management Group LLP raised its position in KBR by 1,611.4% during the third quarter. Wellington Management Group LLP now owns 1,974,327 shares of the construction company’s stock valued at $93,366,000 after acquiring an additional 1,858,961 shares in the last quarter. Norges Bank bought a new position in KBR during the fourth quarter valued at approximately $71,785,000. Alyeska Investment Group L.P. acquired a new stake in KBR in the third quarter valued at approximately $54,038,000. Finally, Alberta Investment Management Corp bought a new stake in KBR in the fourth quarter worth approximately $30,411,000. 97.02% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other KBR news, Director Carlos A. Sabater bought 14,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average price of $32.47 per share, for a total transaction of $470,815.00. Following the purchase, the director directly owned 35,705 shares in the company, valued at $1,159,341.35. This trade represents a 68.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shad E. Evans bought 8,375 shares of the stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $30.60 per share, for a total transaction of $256,275.00. Following the acquisition, the chief financial officer directly owned 43,725 shares in the company, valued at approximately $1,337,985. The trade was a 23.69% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 29,875 shares of company stock worth $945,160 over the last quarter. 1.15% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on KBR
KBR Price Performance
NYSE KBR opened at $35.92 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.59. The company has a fifty day simple moving average of $34.96 and a 200 day simple moving average of $37.51. The company has a market cap of $4.55 billion, a P/E ratio of 11.48, a P/E/G ratio of 2.02 and a beta of 0.44. KBR, Inc. has a 1 year low of $29.94 and a 1 year high of $52.23.
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, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. KBR had a net margin of 5.21% and a return on equity of 33.92%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. On average, sell-side analysts predict that KBR, Inc. will post 4 EPS for the current year.
KBR Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were paid a $0.165 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.8%. KBR’s payout ratio is presently 21.09%.
KBR 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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