Man Group plc acquired a new position in shares of KBR, Inc. (NYSE:KBR – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 38,029 shares of the construction company’s stock, valued at approximately $1,313,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of KBR by 11.2% during the first quarter. Royal Bank of Canada now owns 81,779 shares of the construction company’s stock worth $4,073,000 after purchasing an additional 8,243 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of KBR by 50.8% in the first quarter. Goldman Sachs Group Inc. now owns 627,321 shares of the construction company’s stock valued at $31,247,000 after purchasing an additional 211,311 shares in the last quarter. Empowered Funds LLC bought a new position in KBR in the 1st quarter worth approximately $349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in KBR by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 395,574 shares of the construction company’s stock worth $19,704,000 after purchasing an additional 23,738 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in KBR by 97.1% during the 2nd quarter. American Century Companies Inc. now owns 46,592 shares of the construction company’s stock worth $2,234,000 after buying an additional 22,957 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.
Analysts Set New Price Targets
KBR has been the topic of a number of recent research reports. Bank of America decreased their price objective on KBR from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Wall Street Zen upgraded KBR from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Citigroup cut their price target on KBR from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. UBS Group raised their price target on KBR from $36.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of KBR in a research report on Wednesday, June 24th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, KBR currently has a consensus rating of “Hold” and a consensus target price of $46.67.
KBR Price Performance
Shares of KBR stock opened at $36.98 on Thursday. The firm’s 50 day moving average price is $36.57 and its two-hundred day moving average price is $36.48. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.15 and a current ratio of 1.15. KBR, Inc. has a 52-week low of $29.94 and a 52-week high of $52.23. The stock has a market cap of $4.66 billion, a PE ratio of 11.14, a PEG ratio of 2.00 and a beta of 0.44.
KBR (NYSE:KBR – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.09. KBR had a return on equity of 32.55% and a net margin of 5.49%.The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. As a group, analysts forecast that KBR, Inc. will post 4.01 EPS for the current year.
KBR Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.66 annualized dividend and a yield of 1.8%. KBR’s dividend payout ratio is presently 19.88%.
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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