Dimensional Fund Advisors LP Acquires 244,094 Shares of KBR, Inc. $KBR

Key Points

• Dimensional Fund Advisors LP has increased its stake in KBR, Inc. by 11.2%, owning approximately 1.87% of the company, valued at about $120.89 million.
• Several hedge funds have also increased their positions in KBR, with Boston Partners boosting their stake by 35.2% in the same quarter.
• KBR recently announced a quarterly dividend of $0.165 per share, with an expected yield of 1.3%, to be paid on October 15th.

Dimensional Fund Advisors LP increased its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 11.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,427,015 shares of the construction company's stock after purchasing an additional 244,094 shares during the quarter. Dimensional Fund Advisors LP owned 1.87% of KBR worth $120,891,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. LRI Investments LLC acquired a new stake in shares of KBR during the fourth quarter valued at approximately $31,000. GAMMA Investing LLC lifted its position in shares of KBR by 295.5% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock valued at $40,000 after acquiring an additional 594 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of KBR in the 1st quarter valued at approximately $47,000. UMB Bank n.a. lifted its position in shares of KBR by 146.9% in the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock valued at $65,000 after acquiring an additional 780 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of KBR by 25.2% in the 1st quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock valued at $68,000 after acquiring an additional 275 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors.

KBR Stock Performance

NYSE:KBR traded up $0.49 during trading hours on Wednesday, hitting $51.68. 1,364,663 shares of the company traded hands, compared to its average volume of 1,551,849. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 1.03 and a beta of 0.76. 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 50-day moving average of $48.32 and a 200 day moving average of $50.50.

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, beating analysts' consensus estimates of $0.88 by $0.03. The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $2.10 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. The business's revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 EPS. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.165 per share. The ex-dividend date is Monday, September 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.3%. KBR's payout ratio is currently 23.91%.

Insider Activity at KBR

In other news, CEO Stuart Bradie sold 20,000 shares of KBR stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the completion of the sale, the chief executive officer owned 802,361 shares in the company, valued at $42,372,684.41. The trade was a 2.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on KBR shares. Stifel Nicolaus upped 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. KeyCorp downgraded shares of KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Bank of America cut shares of KBR from a "buy" rating to a "neutral" rating and lowered their price target for the company from $70.00 to $55.00 in a report on Wednesday, August 13th. The Goldman Sachs Group downgraded shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price target on the stock. in a research note on Tuesday, May 27th. Finally, DA Davidson reduced their price objective on KBR from $72.00 to $65.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $62.78.

About KBR

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.