EP Wealth Advisors LLC Invests $282,000 in KBR, Inc. $KBR

Key Points

• EP Wealth Advisors LLC acquired 5,671 shares of KBR, Inc. valued at approximately $282,000 during the 1st quarter of the year.
• A variety of hedge funds have been actively adjusting their stakes in KBR, leading to 97.02% of the stock being owned by institutional investors.
• KBR's stock is currently rated as a "Hold" by analysts, with a recent average target price set at $62.78.

EP Wealth Advisors LLC purchased a new stake in shares of KBR, Inc. (NYSE:KBR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,671 shares of the construction company's stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KBR. GAMMA Investing LLC lifted its position in shares of KBR by 295.5% during the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after purchasing an additional 594 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of KBR by 0.4% during the first quarter. Principal Financial Group Inc. now owns 307,121 shares of the construction company's stock worth $15,298,000 after purchasing an additional 1,343 shares in the last quarter. Cerity Partners LLC lifted its position in shares of KBR by 697.0% during the first quarter. Cerity Partners LLC now owns 27,314 shares of the construction company's stock worth $1,361,000 after purchasing an additional 23,887 shares in the last quarter. KBC Group NV lifted its position in shares of KBR by 4.8% during the first quarter. KBC Group NV now owns 5,703 shares of the construction company's stock worth $284,000 after purchasing an additional 260 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position 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 in the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Stock Down 0.0%

KBR traded down $0.02 during trading on Friday, hitting $49.46. The company had a trading volume of 840,912 shares, compared to its average volume of 1,063,647. The company has a market cap of $6.37 billion, a PE ratio of 17.92, a P/E/G ratio of 0.98 and a beta of 0.73. The business has a 50-day moving average of $48.66 and a 200-day moving average of $50.34. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13. KBR, Inc. has a 1-year low of $43.89 and a 1-year 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 for the quarter, beating the consensus estimate of $0.88 by $0.03. KBR had a net margin of 4.52% and a return on equity of 33.65%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, analysts forecast 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 paid a dividend of $0.165 per share. The ex-dividend date is Monday, September 15th. This represents a $0.66 annualized dividend and a yield of 1.3%. KBR's payout ratio is presently 23.91%.

Insiders Place Their Bets

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the completion of the sale, the chief executive officer owned 802,361 shares in the company, valued at $42,372,684.41. The trade was a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.11% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

KBR has been the topic of a number of recent research reports. Bank of America cut shares of KBR from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $70.00 to $55.00 in a research report on Wednesday, August 13th. UBS Group cut shares of KBR from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $66.00 to $54.00 in a research report on Wednesday, July 2nd. The Goldman Sachs Group cut shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price on the stock. in a research report on Tuesday, May 27th. Wall Street Zen raised shares of KBR from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, KeyCorp cut shares of KBR from an "overweight" rating to a "sector weight" rating in a report on Monday, June 23rd. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $62.78.

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.