Bank of Nova Scotia bought a new position in shares of KBR, Inc. (NYSE:KBR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 129,674 shares of the construction company's stock, valued at approximately $4,478,000. Bank of Nova Scotia owned about 0.10% of KBR as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in KBR in the 2nd quarter worth about $479,892,000. Morgan Stanley lifted its stake in KBR by 343.5% during the fourth quarter. Morgan Stanley now owns 2,748,597 shares of the construction company's stock valued at $110,494,000 after buying an additional 2,128,895 shares in the last quarter. Wellington Management Group LLP lifted its stake in KBR by 1,611.4% during the third quarter. Wellington Management Group LLP now owns 1,974,327 shares of the construction company's stock valued at $93,366,000 after buying an additional 1,858,961 shares in the last quarter. Norges Bank acquired a new position in shares of KBR in the fourth quarter worth about $71,785,000. Finally, Engine Capital Management LP boosted its holdings in shares of KBR by 1,129.3% in the first quarter. Engine Capital Management LP now owns 1,531,313 shares of the construction company's stock worth $56,444,000 after buying an additional 1,406,746 shares during the period. 97.02% of the stock is owned by hedge funds and other institutional investors.
KBR Trading Up 0.1%
KBR stock opened at $37.74 on Wednesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 2.03 and a beta of 0.44. KBR, Inc. has a one year low of $29.94 and a one year high of $52.23. The company's fifty day moving average price is $36.03 and its two-hundred day moving average price is $36.69.
KBR (NYSE:KBR - Get Free Report) last announced its earnings results on Thursday, July 30th. The construction company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.09. KBR had a return on equity of 32.55% and a net margin of 5.49%.The firm had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The company's revenue was up 1.6% on a year-over-year basis. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. On average, analysts forecast that KBR, Inc. will post 4.01 earnings per share for the current fiscal year.
KBR Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 15th. KBR's dividend payout ratio (DPR) is presently 19.88%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on KBR shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of KBR in a research report on Wednesday, June 24th. Citigroup decreased their target price on KBR from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Friday, July 31st. Wall Street Zen upgraded KBR from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Bank of America dropped their price target on KBR from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Monday, July 20th. Finally, UBS Group increased their price objective on KBR from $36.00 to $41.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, KBR presently has an average rating of "Hold" and a consensus price target of $46.67.
Check Out Our Latest Stock Analysis on KBR
KBR Company Profile
(
Free Report)
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.
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