Y Intercept Hong Kong Ltd Makes New Investment in KBR, Inc. $KBR

Y Intercept Hong Kong Ltd acquired a new position in shares of KBR, Inc. (NYSE:KBR) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 87,035 shares of the construction company’s stock, valued at approximately $4,172,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its holdings in shares of KBR by 75.8% during the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock worth $30,000 after purchasing an additional 266 shares during the period. Envestnet Asset Management Inc. raised its position in KBR by 4.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 58,859 shares of the construction company’s stock valued at $2,822,000 after purchasing an additional 2,376 shares in the last quarter. MQS Management LLC acquired a new stake in KBR in the 2nd quarter valued at about $617,000. Avion Wealth acquired a new stake in KBR in the 2nd quarter valued at about $102,000. Finally, Bayforest Capital Ltd raised its position in shares of KBR by 109.3% during the 2nd quarter. Bayforest Capital Ltd now owns 12,785 shares of the construction company’s stock worth $613,000 after acquiring an additional 6,678 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

Wall Street Analyst Weigh In

KBR has been the topic of several research analyst reports. UBS Group lowered KBR from a “buy” rating to a “neutral” rating and cut their target price for the stock from $66.00 to $54.00 in a research report on Wednesday, July 2nd. Citigroup lowered their target price on KBR from $67.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday, October 20th. Weiss Ratings restated a “hold (c-)” rating on shares of KBR in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their price target on KBR from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Bank of America cut KBR from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $70.00 to $55.00 in a report on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $62.00.

KBR Price Performance

KBR stock opened at $42.98 on Wednesday. The stock has a 50-day moving average price of $47.60 and a two-hundred day moving average price of $49.49. KBR, Inc. has a 12-month low of $42.94 and a 12-month 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 company has a market cap of $5.54 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 0.87 and a beta of 0.68.

KBR (NYSE:KBR) last announced its earnings results on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The business 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 company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.83 EPS. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, research analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

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 is Monday, December 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.5%. KBR’s dividend payout ratio (DPR) is presently 23.91%.

KBR Company 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.