21,072 Shares in KBR, Inc. $KBR Bought by New Century Financial Group LLC

Key Points

• New Century Financial Group LLC has acquired 21,072 shares of KBR, Inc., valued at approximately $1,010,000, highlighting continued interest in the company's stock.
• KBR reported $0.91 earnings per share for the latest quarter, exceeding analyst expectations, although quarterly revenue of $1.95 billion fell short of estimates.
• The company announced a quarterly dividend of $0.165, with a 1.4% yield, reflecting a dividend payout ratio of 23.91%.

New Century Financial Group LLC purchased a new position in shares of KBR, Inc. (NYSE:KBR - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 21,072 shares of the construction company's stock, valued at approximately $1,010,000.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in KBR by 295.5% in the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock valued at $40,000 after purchasing an additional 594 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of KBR by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 307,121 shares of the construction company's stock valued at $15,298,000 after buying an additional 1,343 shares during the last quarter. Cerity Partners LLC raised its stake in KBR by 697.0% during the 1st quarter. Cerity Partners LLC now owns 27,314 shares of the construction company's stock worth $1,361,000 after acquiring an additional 23,887 shares in the last quarter. KBC Group NV boosted its stake in KBR by 4.8% in the first quarter. KBC Group NV now owns 5,703 shares of the construction company's stock valued at $284,000 after acquiring an additional 260 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of KBR by 22.1% during the first quarter. Cetera Investment Advisers now owns 8,453 shares of the construction company's stock worth $421,000 after purchasing an additional 1,531 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Stock Performance

Shares of KBR opened at $47.09 on Friday. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.13. The company's fifty day moving average is $49.01 and its two-hundred day moving average is $50.16. The stock has a market capitalization of $6.07 billion, a P/E ratio of 17.06, a P/E/G ratio of 0.95 and a beta of 0.68.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly 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 analysts' expectations of $2.10 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, sell-side analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a $0.165 dividend. The ex-dividend date of this dividend 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 23.91%.

Analysts Set New Price Targets

Several analysts have recently weighed in on KBR shares. DA Davidson reduced their target price on KBR from $72.00 to $65.00 and set a "buy" rating for the company in a report on Friday, August 1st. Wall Street Zen lowered shares of KBR from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. KeyCorp downgraded shares of KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. UBS Group cut shares of KBR from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $66.00 to $54.00 in a research note on Wednesday, July 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of KBR from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, KBR presently has a consensus rating of "Hold" and an average target price of $62.78.

About KBR

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.

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