Baader Bank Aktiengesellschaft bought a new position in shares of KBR, Inc. (NYSE:KBR – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 7,724 shares of the construction company’s stock, valued at approximately $367,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Trust Company N.A raised its position in shares of KBR by 5.6% during the first quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company’s stock worth $188,000 after acquiring an additional 200 shares during the last quarter. Voya Investment Management LLC raised its position in shares of KBR by 1.2% during the first quarter. Voya Investment Management LLC now owns 20,095 shares of the construction company’s stock worth $1,001,000 after acquiring an additional 241 shares during the last quarter. KBC Group NV raised its position in shares of KBR by 4.8% during the first quarter. KBC Group NV now owns 5,703 shares of the construction company’s stock worth $284,000 after acquiring an additional 260 shares during the last quarter. US Bancorp DE raised its position in shares of KBR by 13.5% during the first quarter. US Bancorp DE now owns 2,260 shares of the construction company’s stock worth $113,000 after acquiring an additional 268 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of KBR by 25.2% during the first quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company’s stock worth $68,000 after acquiring an additional 275 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. The Goldman Sachs Group downgraded KBR from a “buy” rating to a “neutral” rating and set a $55.00 price objective for the company. in a report on Tuesday, May 27th. Wall Street Zen upgraded KBR from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. UBS Group downgraded KBR from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $66.00 to $54.00 in a report on Wednesday, July 2nd. KeyCorp downgraded KBR from an “overweight” rating to a “sector weight” rating in a report on Monday, June 23rd. Finally, Stifel Nicolaus upped their price objective on KBR from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.78.
KBR Stock Down 1.1%
NYSE:KBR opened at $48.81 on Friday. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 0.98 and a beta of 0.73. The stock has a 50-day moving average price of $48.83 and a two-hundred day moving average price of $50.35.
KBR (NYSE:KBR – Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.KBR’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, equities analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.
KBR Dividend Announcement
The company also recently disclosed 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 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, September 15th. KBR’s dividend payout ratio is currently 23.91%.
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.
Further Reading
- Five stocks we like better than KBR
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Tesla: 2 Reasons to Love Musk’s $1B Buy, 1 Reason to Be Bearish
- Why Invest in High-Yield Dividend Stocks?
- Azure Leads While AI Excitement Fuels Microsoft Stock
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Darden Restaurants: A Textbook Buy-the-Dip Opportunity
Want to see what other hedge funds are holding KBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KBR, Inc. (NYSE:KBR – Free Report).
Receive News & Ratings for KBR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR and related companies with MarketBeat.com's FREE daily email newsletter.