MQS Management LLC Takes $617,000 Position in KBR, Inc. $KBR

MQS Management LLC bought a new stake in KBR, Inc. (NYSE:KBR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,864 shares of the construction company’s stock, valued at approximately $617,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Invesco Ltd. boosted its position in shares of KBR by 16.1% in the 1st quarter. Invesco Ltd. now owns 4,925,667 shares of the construction company’s stock worth $245,347,000 after purchasing an additional 683,280 shares during the last quarter. Boston Partners lifted its holdings in shares of KBR by 35.2% in the first quarter. Boston Partners now owns 4,384,527 shares of the construction company’s stock valued at $218,648,000 after purchasing an additional 1,142,111 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of KBR by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,427,015 shares of the construction company’s stock valued at $120,891,000 after purchasing an additional 244,094 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of KBR by 6.8% in the first quarter. Neuberger Berman Group LLC now owns 2,114,109 shares of the construction company’s stock valued at $105,325,000 after purchasing an additional 133,992 shares in the last quarter. Finally, Cooperman Leon G lifted its holdings in shares of KBR by 15.0% in the first quarter. Cooperman Leon G now owns 1,680,000 shares of the construction company’s stock valued at $83,681,000 after purchasing an additional 218,598 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors.

KBR Price Performance

NYSE:KBR opened at $44.07 on Friday. The stock’s 50-day simple moving average is $47.86 and its 200 day simple moving average is $49.59. The company has a market cap of $5.68 billion, a P/E ratio of 15.97, a P/E/G ratio of 0.88 and a beta of 0.68. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.13. KBR, Inc. has a 52-week low of $42.94 and a 52-week high of $72.60.

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, topping analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, sell-side analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a $0.165 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.5%. KBR’s dividend payout ratio is presently 23.91%.

Analysts Set New Price Targets

A number of analysts have recently commented on KBR shares. UBS Group lowered KBR from a “buy” rating to a “neutral” rating and cut their price target for the company from $66.00 to $54.00 in a report on Wednesday, July 2nd. Citigroup cut their price target on KBR from $67.00 to $62.00 and set a “buy” rating on the stock in a report on Monday, October 20th. Stifel Nicolaus boosted their price target on KBR from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, August 1st. Weiss Ratings restated a “hold (c-)” rating on shares of KBR in a report on Saturday. Finally, Bank of America lowered KBR from a “buy” rating to a “neutral” rating and cut their price target for the company from $70.00 to $55.00 in a report on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $62.00.

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.