Algert Global LLC Cuts Stock Holdings in KBR, Inc. $KBR

Key Points

• Algert Global LLC has reduced its stake in KBR, Inc. by 25.2%, now owning 55,442 shares valued at approximately $2.76 million.
• Institutional investors collectively own 97.02% of KBR's stock, with several hedge funds adjusting their holdings, including GAMMA Investing enhancing theirs by 295.5%.
• KBR announced a quarterly dividend of $0.165 payable on October 15th, yielding an annualized rate of 1.3%.

Algert Global LLC reduced its position in KBR, Inc. (NYSE:KBR - Free Report) by 25.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,442 shares of the construction company's stock after selling 18,680 shares during the period. Algert Global LLC's holdings in KBR were worth $2,762,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LRI Investments LLC bought a new position in shares of KBR in the 4th quarter worth $31,000. GAMMA Investing LLC raised its position in KBR by 295.5% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock valued at $40,000 after buying an additional 594 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in KBR in the 1st quarter valued at $47,000. UMB Bank n.a. raised its position in KBR by 146.9% in the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock valued at $65,000 after buying an additional 780 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in 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 last quarter. 97.02% of the stock is currently owned by institutional investors.

KBR Stock Performance

Shares of NYSE:KBR traded up $0.1050 during midday trading on Monday, reaching $51.1650. 459,850 shares of the company traded hands, compared to its average volume of 1,527,068. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.73. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.02 and a beta of 0.76. The firm's fifty day moving average price is $48.42 and its two-hundred day moving average price is $50.51.

KBR (NYSE:KBR - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.03. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.The company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, equities analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The business 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 dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, September 15th. KBR's payout ratio is presently 23.91%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KBR. Stifel Nicolaus increased their price target on KBR from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, August 1st. DA Davidson lowered their price target on KBR from $72.00 to $65.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Wall Street Zen lowered KBR from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. The Goldman Sachs Group lowered KBR from a "buy" rating to a "neutral" rating and set a $55.00 price target for the company. in a research report on Tuesday, May 27th. Finally, Bank of America cut KBR from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $70.00 to $55.00 in a research report on Wednesday, August 13th. 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 company has a consensus rating of "Hold" and a consensus price target of $62.78.

Insiders Place Their Bets

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

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.