Entropy Technologies LP Invests $1.10 Million in KBR, Inc. (NYSE:KBR)

Key Points

• Entropy Technologies LP has purchased 22,033 shares of KBR, Inc., valued at approximately $1,097,000, signaling increased institutional interest in the company.
• Several brokerage firms have downgraded KBR's stock rating recently, with Goldman Sachs setting a new price target of $55.00 and lowering its rating to "neutral."
• KBR recently declared a quarterly dividend of $0.165 per share, yielding 1.3%, reflecting the company's commitment to returning value to shareholders.

Entropy Technologies LP purchased a new stake in shares of KBR, Inc. (NYSE:KBR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,033 shares of the construction company's stock, valued at approximately $1,097,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new position in KBR in the 4th quarter worth about $31,000. GAMMA Investing LLC grew its stake in 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 during the period. Harbor Capital Advisors Inc. acquired a new stake in KBR in the 1st quarter valued at $47,000. UMB Bank n.a. increased its holdings 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 raised its position in KBR by 25.2% during the first quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock worth $68,000 after acquiring an additional 275 shares during the period. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Trading Down 1.2%

KBR traded down $0.59 during trading hours on Thursday, reaching $49.87. The company's stock had a trading volume of 1,020,351 shares, compared to its average volume of 1,554,921. The business's 50-day moving average is $48.87 and its 200-day moving average is $50.78. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $6.42 billion, a PE ratio of 18.07, a P/E/G ratio of 1.00 and a beta of 0.76. 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 released its quarterly earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.03. The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%. The company's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 EPS. As a group, equities research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KBR. Bank of America lowered shares of KBR from a "buy" rating to a "neutral" rating and decreased their price target for the company from $70.00 to $55.00 in a research note on Wednesday. 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. UBS Group lowered KBR from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $66.00 to $54.00 in a report on Wednesday, July 2nd. Stifel Nicolaus upped their target price on shares of KBR from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, KeyCorp lowered shares of KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $62.78.

Insider Transactions at KBR

In related 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 value of $1,056,200.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.11% of the stock is currently owned by 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.