8,508 Shares in KBR, Inc. $KBR Acquired by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC acquired 8,508 shares of KBR, Inc., valued at approximately $405,000 in the second quarter, showcasing growing institutional interest in the company.
• KBR recently announced a quarterly dividend of $0.165 per share, with a yield of 1.4%, which reflects a sustainable dividend payout ratio of 23.91%.
• Despite reporting a quarterly earnings per share of $0.91, which exceeded estimates, KBR's revenue of $1.95 billion fell short of expectations, indicating challenges in revenue growth.

Wealth Enhancement Advisory Services LLC bought a new position in KBR, Inc. (NYSE:KBR - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,508 shares of the construction company's stock, valued at approximately $405,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KBR. Cetera Trust Company N.A increased its stake in shares of KBR by 5.6% in the 1st quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company's stock valued at $188,000 after acquiring an additional 200 shares in the last quarter. Voya Investment Management LLC increased its stake in KBR by 1.2% in the first quarter. Voya Investment Management LLC now owns 20,095 shares of the construction company's stock valued at $1,001,000 after purchasing an additional 241 shares in the last quarter. KBC Group NV raised its holdings 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 valued at $284,000 after purchasing an additional 260 shares during the period. US Bancorp DE raised its holdings in shares of KBR by 13.5% during the first quarter. US Bancorp DE now owns 2,260 shares of the construction company's stock valued at $113,000 after purchasing an additional 268 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of KBR by 25.2% in the 1st quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock valued at $68,000 after buying an additional 275 shares during the period. 97.02% of the stock is currently owned by institutional investors.

KBR Stock Up 0.1%

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

KBR (NYSE:KBR - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates 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 company's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $0.83 earnings per share. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, equities research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The firm 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 $0.165 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.66 annualized dividend and a yield of 1.4%. KBR's dividend payout ratio (DPR) is 23.91%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KBR shares. DA Davidson cut their price target on KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, August 1st. KeyCorp cut KBR from an "overweight" rating to a "sector weight" rating in a report on Monday, June 23rd. UBS Group lowered shares of KBR from a "buy" rating to a "neutral" rating and decreased their price target for the company from $66.00 to $54.00 in a research note on Wednesday, July 2nd. Stifel Nicolaus raised 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. Finally, Bank of America lowered shares of KBR from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $70.00 to $55.00 in a report on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.

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.