CCM Investment Group LLC Acquires New Shares in KBR, Inc. (NYSE:KBR)

Key Points

• CCM Investment Group LLC has acquired a new position in KBR, Inc., purchasing 5,866 shares valued at approximately $295,000.
• A significant majority, 97.02%, of KBR's stock is currently owned by institutional investors, with several large investors increasing their stakes in the company.
• KBR recently reported earnings per share of $0.91, exceeding consensus estimates, despite revenue falling short of projections at $1.95 billion during the quarter.

CCM Investment Group LLC bought a new position in KBR, Inc. (NYSE:KBR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,866 shares of the construction company's stock, valued at approximately $295,000.

A number of other large investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in shares of KBR by 45.5% during the fourth quarter. LPL Financial LLC now owns 17,283 shares of the construction company's stock valued at $1,001,000 after acquiring an additional 5,408 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in KBR by 168.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 58,714 shares of the construction company's stock worth $3,401,000 after purchasing an additional 36,827 shares in the last quarter. Federated Hermes Inc. boosted its position in KBR by 3.2% in the 4th quarter. Federated Hermes Inc. now owns 17,320 shares of the construction company's stock worth $1,003,000 after purchasing an additional 529 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of KBR during the 4th quarter worth approximately $4,641,000. Finally, Treasurer of the State of North Carolina raised its stake in shares of KBR by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 58,515 shares of the construction company's stock worth $3,390,000 after buying an additional 360 shares during the period. 97.02% of the stock is currently owned by institutional investors.

KBR Trading Up 0.1%

KBR opened at $49.90 on Monday. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 1.00 and a beta of 0.76. KBR, Inc. has a 52 week low of $43.89 and a 52 week high of $72.60. The business's 50 day moving average is $48.98 and its two-hundred day moving average is $50.84. 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 announced 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 return on equity of 33.65% and a net margin of 4.52%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same period last year, the business posted $0.83 EPS. The company's revenue was up 5.7% on a year-over-year basis. On average, research analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were paid a $0.165 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.3%. KBR's payout ratio is 23.91%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. KeyCorp downgraded KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday, June 23rd. The Goldman Sachs Group cut KBR from a "buy" rating to a "neutral" rating and set a $55.00 price target for the company. in a report on Tuesday, May 27th. DA Davidson lowered their price target on 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. Finally, Stifel Nicolaus raised their target price on KBR from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, August 1st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, KBR has an average rating of "Hold" and an average price target of $63.75.

Insider Buying and Selling at KBR

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the sale, the chief executive officer directly owned 802,361 shares in the company, valued at approximately $42,372,684.41. The trade was a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.11% of the stock is currently owned by company insiders.

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.

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