Boston Partners Buys 1,142,111 Shares of KBR, Inc. $KBR

Key Points

• Boston Partners has increased its stake in KBR, Inc. by 35.2%, acquiring an additional 1,142,111 shares, bringing its total ownership to approximately 4.38 million shares valued at $218.6 million.
• Several large investors have also boosted their holdings in KBR, including Balyasny Asset Management, which increased its stake by 444.8% in the last quarter.
• KBR's recent quarterly earnings report showed a profit of $0.91 per share, exceeding analysts' expectations, but its revenue fell short of estimates at $1.95 billion compared to the expected $2.10 billion.

Boston Partners grew its stake in KBR, Inc. (NYSE:KBR - Free Report) by 35.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,384,527 shares of the construction company's stock after buying an additional 1,142,111 shares during the quarter. Boston Partners owned approximately 3.38% of KBR worth $218,648,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KBR. LRI Investments LLC purchased a new stake in KBR in the 4th quarter worth approximately $31,000. GAMMA Investing LLC boosted its stake in shares of KBR by 295.5% in the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after acquiring an additional 594 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in shares of KBR during the first quarter worth about $47,000. UMB Bank n.a. raised its stake 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 period. Finally, Fifth Third Bancorp lifted its holdings in KBR by 25.2% in the 1st quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock worth $68,000 after purchasing an additional 275 shares in the last quarter. Institutional investors own 97.02% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KBR shares. UBS Group lowered shares of KBR from a "buy" rating to a "neutral" rating and cut their price objective for the company from $66.00 to $54.00 in a report on Wednesday, July 2nd. DA Davidson dropped their price objective on shares of KBR from $72.00 to $65.00 and set a "buy" rating for the company in a report on Friday, August 1st. Wall Street Zen cut KBR from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Stifel Nicolaus increased their target price on KBR from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Citigroup cut their target price on shares of KBR from $77.00 to $69.00 and set a "buy" rating for the company in a report on Friday, April 25th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, KBR currently has an average rating of "Hold" and a consensus price target of $62.78.

Insider Transactions at KBR

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the company'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 transaction, the chief executive officer owned 802,361 shares of the company's stock, valued at $42,372,684.41. This represents a 2.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.11% of the stock is currently owned by insiders.

KBR Trading Up 0.4%

Shares of KBR traded up $0.19 during midday trading on Monday, hitting $49.79. The stock had a trading volume of 1,290,225 shares, compared to its average volume of 1,550,535. The stock's 50 day moving average is $48.74 and its 200 day moving average is $50.65. The firm has a market cap of $6.41 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13. 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 announced its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. As a group, analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

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.