United Services Automobile Association Invests $433,000 in KBR, Inc. $KBR

United Services Automobile Association purchased a new position in shares of KBR, Inc. (NYSE:KBR) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,599 shares of the construction company’s stock, valued at approximately $433,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Clearline Capital LP grew its holdings in KBR by 5.4% in the first quarter. Clearline Capital LP now owns 112,396 shares of the construction company’s stock valued at $5,598,000 after purchasing an additional 5,800 shares during the period. Aristeia Capital L.L.C. purchased a new stake in KBR in the first quarter valued at approximately $222,000. Goldman Sachs Group Inc. grew its holdings in 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 during the period. Dynamic Technology Lab Private Ltd purchased a new stake in KBR in the first quarter valued at approximately $1,081,000. Finally, Petrus Trust Company LTA purchased a new stake in KBR in the first quarter valued at approximately $568,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at KBR

In other news, CEO Stuart Bradie sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the transaction, the chief executive officer directly owned 802,361 shares of the company’s stock, valued at approximately $42,372,684.41. The trade was a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.11% of the company’s stock.

KBR Trading Up 0.9%

Shares of KBR stock opened at $49.78 on Thursday. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 0.98 and a beta of 0.73. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.73. KBR, Inc. has a fifty-two week low of $43.89 and a fifty-two week high of $72.60. The firm’s 50 day moving average price is $48.59 and its two-hundred day moving average price is $50.34.

KBR (NYSE:KBR) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. KBR had a net margin of 4.52% and a return on equity of 33.65%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the previous year, the company posted $0.83 earnings per share. KBR’s revenue was up 5.7% compared to the same quarter last year. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, September 15th. KBR’s payout ratio is presently 23.91%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on KBR shares. Stifel Nicolaus boosted their target price on shares of KBR from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, August 1st. DA Davidson lowered their target price on shares of KBR from $72.00 to $65.00 and set a “buy” rating for the company in a report on Friday, August 1st. KeyCorp downgraded shares of KBR from an “overweight” rating to a “sector weight” rating in a report on Monday, June 23rd. UBS Group cut shares of KBR from a “buy” rating to a “neutral” rating and reduced their price target for the company from $66.00 to $54.00 in a research report on Wednesday, July 2nd. Finally, Bank of America cut shares of KBR from a “buy” rating to a “neutral” rating and reduced their price target for the company from $70.00 to $55.00 in a research report on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $62.78.

KBR Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.