133,997 Shares in KBR, Inc. $KBR Purchased by Kingsview Wealth Management LLC

Key Points

• Kingsview Wealth Management bought 133,997 KBR shares worth approximately $4.63 million during the second quarter, while institutional investors and hedge funds collectively own 97.02% of the stock.
• Analyst sentiment remains mixed: KBR has an average rating of Hold and an average price target of $46.67, with recent targets ranging from $40 to $49.
• KBR exceeded quarterly earnings expectations with $0.99 in EPS versus a $0.90 consensus estimate and $1.98 billion in revenue. The company also declared a quarterly dividend of $0.165 per share, representing a 1.7% yield.

Kingsview Wealth Management LLC purchased a new stake in KBR, Inc. (NYSE:KBR - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 133,997 shares of the construction company's stock, valued at approximately $4,627,000. Kingsview Wealth Management LLC owned approximately 0.11% of KBR at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC acquired a new position in shares of KBR during the second quarter valued at approximately $391,000. Equitable Holdings Inc. acquired a new stake in shares of KBR in the second quarter worth approximately $541,000. Public Employees Retirement System of Ohio acquired a new stake in shares of KBR in the second quarter worth approximately $1,235,000. Capstone Investment Advisors LLC acquired a new position in KBR in the 2nd quarter valued at $1,886,000. Finally, Bank of America Corp DE purchased a new position in KBR in the 2nd quarter valued at $19,389,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KBR. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of KBR in a research note on Wednesday, June 24th. UBS Group raised their price target on shares of KBR from $36.00 to $41.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. Bank of America lowered their price target on shares of KBR from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Monday, July 20th. Citigroup dropped their price objective on shares of KBR from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Finally, Wall Street Zen upgraded shares of KBR from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $46.67.

KBR Stock Down 0.4%

Shares of NYSE:KBR opened at $38.02 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.52. The business has a fifty day moving average of $36.32 and a two-hundred day moving average of $36.63. The stock has a market cap of $4.79 billion, a P/E ratio of 11.45, a PEG ratio of 2.06 and a beta of 0.44. KBR, Inc. has a 52-week low of $29.94 and a 52-week high of $52.23.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.90 by $0.09. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. KBR had a return on equity of 32.55% and a net margin of 5.49%.The company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. On average, research analysts expect that KBR, Inc. will post 4.01 earnings per share for the current year.

KBR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, September 15th. KBR's payout ratio is presently 19.88%.

KBR Company 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.

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