AlphaQuest LLC Raises Position in KBR, Inc. $KBR

Key Points

• AlphaQuest LLC increased its holdings in KBR, Inc. by 161.0% during Q1, owning a total of 16,095 shares worth approximately $802,000 at the reporting period's end.
• KBR reported an EPS of $0.91 for the last quarter, exceeding analysts' estimates, but its revenue of $1.95 billion fell short of expectations.
• The company declared a quarterly dividend of $0.165 per share, yielding approximately 1.3%, with payment set for October 15th.

AlphaQuest LLC boosted its position in KBR, Inc. (NYSE:KBR - Free Report) by 161.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,095 shares of the construction company's stock after buying an additional 9,929 shares during the period. AlphaQuest LLC's holdings in KBR were worth $802,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Hsbc Holdings PLC raised its position in shares of KBR by 11.7% in the 1st quarter. Hsbc Holdings PLC now owns 18,477 shares of the construction company's stock worth $919,000 after acquiring an additional 1,938 shares in the last quarter. Northern Trust Corp increased its holdings in KBR by 0.6% in the first quarter. Northern Trust Corp now owns 1,215,713 shares of the construction company's stock worth $60,555,000 after purchasing an additional 7,411 shares in the last quarter. Versor Investments LP acquired a new position in KBR in the first quarter valued at approximately $543,000. Cresset Asset Management LLC lifted its stake in KBR by 11.0% in the first quarter. Cresset Asset Management LLC now owns 262,516 shares of the construction company's stock valued at $13,119,000 after buying an additional 26,060 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of KBR by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,427,015 shares of the construction company's stock worth $120,891,000 after buying an additional 244,094 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Trading Down 0.7%

Shares of KBR stock traded down $0.38 during trading on Thursday, reaching $51.23. 1,081,500 shares of the stock were exchanged, compared to its average volume of 1,525,387. 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 1 year low of $43.89 and a 1 year high of $72.60. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.03 and a beta of 0.76. The stock's fifty day moving average is $48.32 and its 200 day moving average is $50.50.

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

KBR Announces Dividend

The business also recently disclosed 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 is Monday, September 15th. This represents a $0.66 annualized dividend and a yield of 1.3%. KBR's dividend payout ratio (DPR) is 23.91%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

KBR has been the topic of a number of research analyst reports. KeyCorp cut KBR from an "overweight" rating to a "sector weight" rating in a report on Monday, June 23rd. The Goldman Sachs Group downgraded KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price on the stock. in a research note on Tuesday, May 27th. Bank of America downgraded KBR from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $70.00 to $55.00 in a research note on Wednesday, August 13th. UBS Group downgraded KBR from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $66.00 to $54.00 in a research note on Wednesday, July 2nd. Finally, Stifel Nicolaus upped their price objective on KBR from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, KBR currently has an average rating of "Hold" and a consensus 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.