Delphi Management Inc. MA Purchases 18,258 Shares of KBR, Inc. $KBR

Key Points

• Delphi Management Inc. MA increased its stake in KBR, Inc. by 312.1% during the 2nd quarter, acquiring an additional 18,258 shares and bringing its total holdings to 24,108 shares worth $1,156,000.
• CEO Stuart Bradie sold 20,000 shares of KBR's stock for approximately $1.06 million, resulting in a 2.43% decrease in his ownership.
• Analysts have mixed views on KBR, with some lowering ratings and price targets, while others upgraded their ratings; the current consensus rating is "Hold" with a price target of $62.78.

Delphi Management Inc. MA increased its stake in KBR, Inc. (NYSE:KBR - Free Report) by 312.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,108 shares of the construction company's stock after purchasing an additional 18,258 shares during the quarter. Delphi Management Inc. MA's holdings in KBR were worth $1,156,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cetera Trust Company N.A lifted its holdings in KBR by 5.6% in the 1st quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company's stock worth $188,000 after purchasing an additional 200 shares during the last quarter. Voya Investment Management LLC lifted its holdings in KBR by 1.2% in the 1st quarter. Voya Investment Management LLC now owns 20,095 shares of the construction company's stock worth $1,001,000 after purchasing an additional 241 shares during the last quarter. KBC Group NV lifted its holdings in KBR by 4.8% in the 1st quarter. KBC Group NV now owns 5,703 shares of the construction company's stock worth $284,000 after purchasing an additional 260 shares during the last quarter. US Bancorp DE lifted its holdings in KBR by 13.5% in the 1st quarter. US Bancorp DE now owns 2,260 shares of the construction company's stock worth $113,000 after purchasing an additional 268 shares during the last quarter. 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 during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 sale, the chief executive officer directly owned 802,361 shares in the company, valued at $42,372,684.41. This represents a 2.43% decrease in their ownership of the stock. The sale 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.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KBR. KeyCorp lowered KBR from an "overweight" rating to a "sector weight" rating in a report on Monday, June 23rd. UBS Group lowered KBR from a "buy" rating to a "neutral" rating and cut their price target for the stock from $66.00 to $54.00 in a report on Wednesday, July 2nd. DA Davidson cut 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 upgraded KBR from a "hold" rating to a "buy" rating in a report on Saturday. Finally, The Goldman Sachs Group lowered 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. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $62.78.

KBR Stock Performance

Shares of NYSE KBR opened at $49.46 on Friday. The business has a fifty day simple moving average of $48.66 and a 200 day simple moving average of $50.35. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 0.98 and a beta of 0.73. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60.

KBR (NYSE:KBR - Get Free Report) last issued 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 business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.KBR's revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. Sell-side analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

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

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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