Assenagon Asset Management S.A. Acquires New Stake in KBR, Inc. $KBR

Key Points

• Assenagon Asset Management acquired 75,745 KBR shares valued at approximately $2.6 million, joining institutional investors that collectively own 97.02% of the company.
• KBR exceeded quarterly expectations, reporting $0.99 EPS versus the $0.90 consensus and $1.98 billion in revenue versus estimates of $1.87 billion; revenue increased 1.6% year over year.
• Analysts maintain a mixed outlook, with KBR holding a consensus “Hold” rating and an average price target of $46.67, compared with the stock’s recent price of $38.17.

Assenagon Asset Management S.A. bought a new stake in KBR, Inc. (NYSE:KBR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 75,745 shares of the construction company's stock, valued at approximately $2,615,000. Assenagon Asset Management S.A. owned 0.06% of KBR as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of KBR. Public Employees Retirement System of Ohio grew its position in KBR by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 40,133 shares of the construction company's stock valued at $1,898,000 after buying an additional 249 shares during the period. Anchor Investment Management LLC grew its position in shares of KBR by 27.5% during the 1st quarter. Anchor Investment Management LLC now owns 1,275 shares of the construction company's stock valued at $47,000 after acquiring an additional 275 shares during the period. Farther Finance Advisors LLC grew its position in shares of KBR by 89.8% during the 4th quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company's stock valued at $25,000 after acquiring an additional 289 shares during the period. Truist Financial Corp increased its stake in shares of KBR by 1.9% in the 4th quarter. Truist Financial Corp now owns 17,342 shares of the construction company's stock worth $697,000 after purchasing an additional 317 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of KBR by 27.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,561 shares of the construction company's stock worth $74,000 after purchasing an additional 333 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

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KBR Price Performance

Shares of NYSE:KBR opened at $38.17 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a fifty day moving average price of $35.59 and a 200 day moving average price of $36.96. KBR, Inc. has a fifty-two week low of $29.94 and a fifty-two week high of $52.23. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 2.06 and a beta of 0.44.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.09. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.87 billion. KBR had a net margin of 5.49% and a return on equity of 32.55%. KBR's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. As a group, sell-side analysts expect that KBR, Inc. will post 4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on KBR shares. Citigroup lowered their target price on KBR from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. UBS Group upped their price target on KBR from $36.00 to $41.00 and gave the stock a "neutral" rating in a research report on Monday. Bank of America decreased their target price on shares of KBR from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Monday, July 20th. Weiss Ratings restated a "sell (d+)" rating on shares of KBR in a research note on Wednesday, June 24th. Finally, Wall Street Zen raised shares of KBR from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, KBR presently has an average rating of "Hold" and a consensus price target of $46.67.

Insider Activity at KBR

In other KBR news, Director Carlos A. Sabater bought 14,500 shares of the business's stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average cost of $32.47 per share, with a total value of $470,815.00. Following the completion of the acquisition, the director owned 35,705 shares in the company, valued at $1,159,341.35. This trade represents a 68.38% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack B. Moore purchased 4,000 shares of KBR stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average price of $31.44 per share, for a total transaction of $125,760.00. Following the transaction, the director directly owned 54,352 shares of the company's stock, valued at $1,708,826.88. The trade was a 7.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.15% of the company's stock.

KBR Company Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.

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