Legal & General Group Plc Cuts Stake in KBR, Inc. $KBR

Legal & General Group Plc reduced its position in KBR, Inc. (NYSE:KBR) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 197,067 shares of the construction company’s stock after selling 15,227 shares during the quarter. Legal & General Group Plc owned about 0.16% of KBR worth $7,922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KBR. Farther Finance Advisors LLC lifted its stake in shares of KBR by 89.8% during the fourth quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock worth $25,000 after buying an additional 289 shares during the period. Hantz Financial Services Inc. increased its holdings in KBR by 207.8% in the third quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock valued at $28,000 after buying an additional 401 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in KBR by 432.5% in the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after buying an additional 493 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in KBR in the third quarter valued at $32,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in KBR by 101,600.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,017 shares of the construction company’s stock valued at $48,000 after buying an additional 1,016 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KBR has been the subject of a number of research reports. Zacks Research raised shares of KBR from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Weiss Ratings lowered shares of KBR from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 27th. Citigroup decreased their target price on shares of KBR from $53.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Wall Street Zen lowered shares of KBR from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Finally, Wells Fargo & Company reduced their target price on shares of KBR from $45.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, KBR presently has a consensus rating of “Hold” and an average price target of $53.25.

KBR Trading Down 1.6%

NYSE KBR opened at $35.55 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.16 and a quick ratio of 1.16. The firm’s fifty day moving average price is $35.20 and its 200 day moving average price is $39.30. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 2.16 and a beta of 0.44. KBR, Inc. has a 12 month low of $29.94 and a 12 month high of $54.38.

KBR (NYSE:KBR) last posted its earnings results on Tuesday, May 5th. The construction company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. KBR had a net margin of 5.21% and a return on equity of 33.92%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm posted $1.01 EPS. The company’s revenue was down 4.7% on a year-over-year basis. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. On average, sell-side analysts expect that KBR, Inc. will post 3.96 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 15th. KBR’s dividend payout ratio (DPR) is presently 21.09%.

Insider Buying and Selling at KBR

In other news, Director Thaer Lewis Von bought 3,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $30.77 per share, with a total value of $92,310.00. Following the completion of the acquisition, the director directly owned 10,358 shares in the company, valued at approximately $318,715.66. The trade was a 40.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carlos A. Sabater bought 14,500 shares of the stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average cost of $32.47 per share, for a total transaction of $470,815.00. Following the acquisition, the director owned 35,705 shares of the company’s stock, valued at approximately $1,159,341.35. This represents a 68.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 29,875 shares of company stock valued at $945,160. Company insiders own 1.15% of the company’s stock.

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.