American Century Companies Inc. Has $1.18 Million Stake in KBR, Inc. $KBR

Key Points

• American Century Companies Inc. reduced its holdings in KBR, Inc. by 49.1%, selling 22,795 shares and leaving them with 23,635 shares valued at approximately $1.18 million.
• KBR recently announced a quarterly dividend of $0.165 per share, representing a dividend yield of 1.3%.
• Multiple analysts have issued varied ratings on KBR, with a consensus target price set at $62.78 and several downgrades impacting its stock outlook.

American Century Companies Inc. lowered its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 49.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,635 shares of the construction company's stock after selling 22,795 shares during the quarter. American Century Companies Inc.'s holdings in KBR were worth $1,177,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KBR. Comerica Bank increased its holdings in KBR by 13.8% in the fourth quarter. Comerica Bank now owns 68,789 shares of the construction company's stock valued at $3,985,000 after purchasing an additional 8,325 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in KBR by 14.6% in the fourth quarter. BNP Paribas Financial Markets now owns 53,518 shares of the construction company's stock valued at $3,100,000 after purchasing an additional 6,832 shares during the last quarter. BOKF NA increased its holdings in KBR by 3,667.4% in the fourth quarter. BOKF NA now owns 5,312 shares of the construction company's stock valued at $310,000 after purchasing an additional 5,171 shares during the last quarter. Centiva Capital LP grew its stake in KBR by 75.7% in the fourth quarter. Centiva Capital LP now owns 44,071 shares of the construction company's stock valued at $2,553,000 after acquiring an additional 18,982 shares during the period. Finally, Cetera Investment Advisers grew its stake in KBR by 65.1% in the fourth quarter. Cetera Investment Advisers now owns 6,922 shares of the construction company's stock valued at $401,000 after acquiring an additional 2,729 shares during the period. Institutional investors own 97.02% of the company's stock.

KBR Price Performance

Shares of KBR stock traded down $0.06 during trading hours on Tuesday, reaching $49.22. The company's stock had a trading volume of 106,352 shares, compared to its average volume of 1,502,802. The firm's 50 day simple moving average is $48.52 and its 200-day simple moving average is $50.35. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 0.99 and a beta of 0.73. KBR, Inc. has a fifty-two week low of $43.89 and a fifty-two week high of $72.60. 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 (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, beating analysts' consensus estimates of $0.88 by $0.03. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.The company's revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 EPS. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. Sell-side analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, September 15th. KBR's dividend payout ratio (DPR) is currently 23.91%.

Insider Buying and Selling at KBR

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total value of $1,056,200.00. Following the sale, the chief executive officer owned 802,361 shares of the company's stock, valued at approximately $42,372,684.41. This trade represents a 2.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.11% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on KBR. UBS Group cut KBR from a "buy" rating to a "neutral" rating and decreased their target price for the company from $66.00 to $54.00 in a research note on Wednesday, July 2nd. DA Davidson decreased their target price on KBR from $72.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Bank of America cut KBR from a "buy" rating to a "neutral" rating and decreased their target price for the company from $70.00 to $55.00 in a research note on Wednesday, August 13th. KeyCorp cut KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Finally, 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. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $62.78.

KBR 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.