AQR Capital Management LLC Grows Stock Position in KBR, Inc. $KBR

AQR Capital Management LLC grew its position in KBR, Inc. (NYSE:KBR - Free Report) by 42.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 588,326 shares of the construction company's stock after purchasing an additional 175,127 shares during the quarter. AQR Capital Management LLC owned approximately 0.45% of KBR worth $29,305,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its holdings in KBR by 14.6% during the 4th quarter. BNP Paribas Financial Markets now owns 53,518 shares of the construction company's stock worth $3,100,000 after buying an additional 6,832 shares during the last quarter. BOKF NA raised its position in shares of KBR by 3,667.4% during the 4th quarter. BOKF NA now owns 5,312 shares of the construction company's stock worth $310,000 after acquiring an additional 5,171 shares in the last quarter. Cetera Investment Advisers lifted its stake in KBR by 65.1% during the fourth quarter. Cetera Investment Advisers now owns 6,922 shares of the construction company's stock worth $401,000 after purchasing an additional 2,729 shares during the last quarter. Ethic Inc. boosted its holdings in KBR by 28.0% in the fourth quarter. Ethic Inc. now owns 9,137 shares of the construction company's stock valued at $529,000 after purchasing an additional 1,998 shares in the last quarter. Finally, Gotham Asset Management LLC increased its stake in KBR by 85.7% in the fourth quarter. Gotham Asset Management LLC now owns 261,621 shares of the construction company's stock valued at $15,156,000 after purchasing an additional 120,728 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

KBR Price Performance

Shares of KBR traded up $0.12 during mid-day trading on Friday, hitting $49.60. The company's stock had a trading volume of 252,714 shares, compared to its average volume of 1,499,742. The company has a current ratio of 1.13, a quick 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 capitalization of $6.39 billion, a P/E ratio of 17.97, a P/E/G ratio of 0.99 and a beta of 0.73. The firm has a 50-day simple moving average of $48.62 and a 200 day simple moving average of $50.33.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.03. The company had revenue of $1.95 billion during 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%.During the same quarter last year, the company earned $0.83 earnings per share. KBR's quarterly revenue was up 5.7% compared to the same quarter last year. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. Analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal 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 $0.165 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.66 dividend on an annualized basis and a yield of 1.3%. KBR's dividend payout ratio (DPR) is 23.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KBR shares. Stifel Nicolaus boosted their price target 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. Wall Street Zen lowered shares of KBR from a "buy" rating to a "hold" rating in a research note 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 on the stock. in a report 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. Finally, UBS Group downgraded KBR from a "buy" rating to a "neutral" rating and lowered their target price for the company from $66.00 to $54.00 in a research note on Wednesday, July 2nd. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $62.78.

Insider Activity at KBR

In related news, CEO Stuart Bradie sold 20,000 shares of the company's stock in a transaction that occurred 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 in the company, valued at $42,372,684.41. This represents a 2.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.11% of the stock is owned by company insiders.

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.