KBR, Inc. $KBR Shares Sold by Eisler Capital Management Ltd.

Key Points

• Eisler Capital Management Ltd. has significantly reduced its stake in KBR, Inc. by 59.7%, now holding 140,345 shares valued at approximately $6.99 million.
• CEO Stuart Bradie sold 20,000 shares of KBR for over $1 million, which marked a 2.43% decrease in his ownership.
• Recent analyst reports show that KBR's price target has been lowered by multiple firms, with a current consensus rating of "Hold" and an average target price of $62.78.

Eisler Capital Management Ltd. reduced its stake in KBR, Inc. (NYSE:KBR - Free Report) by 59.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,345 shares of the construction company's stock after selling 208,232 shares during the period. Eisler Capital Management Ltd. owned 0.11% of KBR worth $6,991,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in shares of KBR in the fourth quarter valued at approximately $31,000. GAMMA Investing LLC lifted its holdings in shares of KBR by 295.5% during the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after purchasing an additional 594 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in KBR in the first quarter valued at $47,000. UMB Bank n.a. lifted its holdings in KBR by 146.9% in the first 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 during the period. Finally, Fifth Third Bancorp lifted its holdings in KBR by 25.2% in the first 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 during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Stock Performance

KBR traded down $0.79 during trading on Friday, reaching $50.50. 978,607 shares of the company were exchanged, compared to its average volume of 1,408,817. The stock has a market cap of $6.51 billion, a P/E ratio of 18.30, a PEG ratio of 1.00 and a beta of 0.76. The firm has a 50 day moving average of $48.32 and a 200 day moving average of $50.42. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. KBR, Inc. has a 52 week low of $43.89 and a 52 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, topping analysts' consensus estimates of $0.88 by $0.03. KBR had a return on equity of 33.65% and a net margin of 4.52%.The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the prior year, the business earned $0.83 EPS. The firm's revenue was up 5.7% on a year-over-year basis. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, sell-side analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on KBR shares. DA Davidson dropped their price target on KBR from $72.00 to $65.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Stifel Nicolaus raised their price target on KBR from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wall Street Zen lowered KBR from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. The Goldman Sachs Group downgraded shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price for the company. in a research report on Tuesday, May 27th. Finally, UBS Group lowered KBR from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $66.00 to $54.00 in a research report on Wednesday, July 2nd. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, KBR presently has a consensus 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 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 completion of the transaction, the chief executive officer owned 802,361 shares in the company, valued at approximately $42,372,684.41. The trade was a 2.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.11% of the company's stock.

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.