The Manufacturers Life Insurance Company Makes New Investment in KBR, Inc. $KBR

The Manufacturers Life Insurance Company bought a new stake in KBR, Inc. (NYSE:KBRFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 88,160 shares of the construction company’s stock, valued at approximately $3,044,000. The Manufacturers Life Insurance Company owned 0.07% of KBR as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in KBR. EverSource Wealth Advisors LLC increased its holdings in shares of KBR by 432.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after purchasing an additional 493 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in KBR by 89.8% during the fourth quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock worth $25,000 after buying an additional 289 shares in the last quarter. Allworth Financial LP acquired a new position in KBR during the second quarter worth about $27,000. Caitong International Asset Management Co. Ltd grew its position in KBR by 101,600.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,017 shares of the construction company’s stock worth $48,000 after buying an additional 1,016 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in KBR by 98.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the construction company’s stock valued at $59,000 after buying an additional 608 shares in the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KBR has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of KBR in a research note on Wednesday, June 24th. Bank of America dropped their price objective on KBR from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Citigroup decreased their target price on KBR from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. UBS Group upped their target price on KBR from $36.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Wall Street Zen upgraded KBR from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $46.67.

Get Our Latest Report on KBR

KBR Price Performance

NYSE:KBR opened at $36.89 on Wednesday. KBR, Inc. has a 12-month low of $29.94 and a 12-month high of $52.23. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 2.02 and a beta of 0.44. The company’s 50-day moving average is $36.50 and its two-hundred day moving average is $36.50. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.52.

KBR (NYSE:KBRGet Free Report) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.09. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. KBR had a net margin of 5.49% and a return on equity of 32.55%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Research analysts expect that KBR, Inc. will post 4.01 EPS for the current year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.66 annualized dividend and a yield of 1.8%. KBR’s payout ratio is 19.88%.

About KBR

(Free Report)

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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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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