111 Capital Buys New Stake in KBR, Inc. $KBR

Key Points

• 111 Capital has acquired a new stake in KBR, Inc., purchasing 6,888 shares valued at approximately $330,000 in the second quarter.
• Several institutional investors have increased their stakes in KBR, with 97.02% of the stock owned by hedge funds and other institutional investors.
• KBR's recent earnings report showed an EPS of $0.91, exceeding estimates, but with quarterly revenue of $1.95 billion, which was below analysts' expectations.

111 Capital bought a new stake in shares of KBR, Inc. (NYSE:KBR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,888 shares of the construction company's stock, valued at approximately $330,000.

Several other institutional investors also recently bought and sold shares of the stock. Invesco Ltd. grew its stake in KBR by 16.1% during the first quarter. Invesco Ltd. now owns 4,925,667 shares of the construction company's stock valued at $245,347,000 after acquiring an additional 683,280 shares in the last quarter. Boston Partners grew its stake in KBR by 35.2% during the first quarter. Boston Partners now owns 4,384,527 shares of the construction company's stock valued at $218,648,000 after acquiring an additional 1,142,111 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in KBR by 11.2% during 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 during the last quarter. Neuberger Berman Group LLC lifted its position in KBR by 6.8% during 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 during the last quarter. Finally, Cooperman Leon G lifted its position in KBR by 15.0% during 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 during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KBR has been the subject of several research reports. Bank of America lowered shares of KBR from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $70.00 to $55.00 in a research report on Wednesday, August 13th. UBS Group lowered shares of KBR from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $66.00 to $54.00 in a research report on Wednesday, July 2nd. DA Davidson lowered their price objective on shares of KBR from $72.00 to $65.00 and set a "buy" rating for the company in a research report on Friday, August 1st. KeyCorp lowered shares of KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Finally, Wall Street Zen upgraded shares of KBR from a "hold" rating to a "buy" rating in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $62.78.

KBR Price Performance

KBR stock opened at $47.47 on Tuesday. The firm has a 50-day moving average price of $49.03 and a 200-day moving average price of $50.11. The firm has a market capitalization of $6.12 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 0.94 and a beta of 0.68. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.10 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. The business's revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $0.83 EPS. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, equities research analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a dividend of $0.165 per share. The ex-dividend date is Monday, September 15th. This represents a $0.66 dividend on an annualized basis and a yield of 1.4%. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.