Amundi Has $9.97 Million Stake in KBR, Inc. $KBR

Key Points

• Amundi increased its stake in KBR, Inc. by 7.3%, acquiring an additional 13,169 shares to own a total of 194,314 shares valued at approximately $9.97 million.
• KBR, Inc. reported an EPS of $0.91, beating estimates, but its revenue of $1.95 billion fell short of expectations of $2.10 billion.
• The company's recent quarterly dividend announced is $0.165 per share, representing an annual yield of 1.3%, with a payout ratio of 23.91%.

Amundi boosted its stake in KBR, Inc. (NYSE:KBR - Free Report) by 7.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 194,314 shares of the construction company's stock after purchasing an additional 13,169 shares during the period. Amundi owned approximately 0.15% of KBR worth $9,968,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. LRI Investments LLC purchased a new position in shares of KBR during the 4th quarter valued at $31,000. GAMMA Investing LLC raised its position in shares of KBR by 295.5% during 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 in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of KBR during the 1st quarter valued at about $47,000. UMB Bank n.a. grew its holdings in KBR by 146.9% during the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock valued at $65,000 after purchasing an additional 780 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in KBR by 25.2% during the 1st quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock valued at $68,000 after purchasing an additional 275 shares during the last quarter. Institutional investors own 97.02% of the company's stock.

KBR Stock Performance

NYSE:KBR traded down $0.02 during trading hours on Friday, reaching $49.46. 840,912 shares of the company's stock were exchanged, compared to its average volume of 1,063,647. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 0.98 and a beta of 0.73. The company has a 50-day moving average of $48.66 and a 200 day moving average of $50.34. 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.

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 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 the consensus estimate of $2.10 billion. During the same period last year, the firm posted $0.83 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. Research analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a $0.165 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.3%. KBR's payout ratio is presently 23.91%.

Insiders Place Their Bets

In other 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 transaction, the chief executive officer owned 802,361 shares of the company's stock, valued at approximately $42,372,684.41. The trade was a 2.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of KBR from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. The Goldman Sachs Group cut shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price for the company. in a research report on Tuesday, May 27th. UBS Group lowered shares of KBR from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $66.00 to $54.00 in a research note on Wednesday, July 2nd. DA Davidson dropped their price target on shares of KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Finally, Stifel Nicolaus lifted their target price on shares of KBR from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, KBR presently has an average rating of "Hold" and a consensus target price 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.