Dynamic Technology Lab Private Ltd Buys Shares of 21,689 KBR, Inc. $KBR

Key Points

• Dynamic Technology Lab Private Ltd has acquired a stake in KBR, Inc. worth approximately $1.08 million, purchasing 21,689 shares during the first quarter.
• Several hedge funds, including BNP Paribas Financial Markets and BOKF NA, have significantly increased their positions in KBR, indicating strong institutional interest in the company.
• KBR recently announced a quarterly dividend of $0.165, with a total dividend yield of 1.3%, reflecting the company's commitment to returning value to shareholders.

Dynamic Technology Lab Private Ltd purchased a new position in KBR, Inc. (NYSE:KBR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,689 shares of the construction company's stock, valued at approximately $1,081,000.

Several other institutional investors have also modified their holdings of KBR. LRI Investments LLC acquired a new stake in shares of KBR in the fourth quarter valued at $31,000. GAMMA Investing LLC lifted its stake in KBR by 295.5% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after acquiring an additional 594 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in KBR in the 1st quarter worth about $47,000. UMB Bank n.a. lifted its stake in KBR by 146.9% in the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock worth $65,000 after acquiring an additional 780 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake 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 acquiring an additional 275 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KBR. Bank of America downgraded KBR from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $70.00 to $55.00 in a research note on Wednesday, August 13th. UBS Group lowered KBR from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $66.00 to $54.00 in a research report on Wednesday, July 2nd. DA Davidson dropped their target price on KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. The Goldman Sachs Group lowered KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price on the stock. in a research report on Tuesday, May 27th. Finally, KeyCorp lowered KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, KBR currently has a consensus rating of "Hold" and a consensus price target of $62.78.

KBR Stock Down 0.0%

Shares of NYSE KBR traded down $0.02 during mid-day trading on Friday, reaching $49.46. 840,912 shares of the company traded hands, compared to its average volume of 1,063,647. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $6.37 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 0.98 and a beta of 0.73. The company's fifty day moving average is $48.66 and its two-hundred day moving average is $50.34. KBR, Inc. has a fifty-two week low of $43.89 and a fifty-two week high of $72.60.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data 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 for 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%.The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 EPS. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

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

Insider Transactions at KBR

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

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.