FORA Capital LLC Takes $394,000 Position in KBR, Inc. $KBR

Key Points

• FORA Capital LLC has acquired a new stake in KBR, Inc., purchasing 7,905 shares valued at approximately $394,000, according to their latest SEC filing.
• Several large investors have increased their holdings in KBR, with notable boosts from Utah Retirement Systems by 2.9% and Fifth Third Bancorp by 25.2% in the first quarter.
• KBR recently announced a quarterly dividend of $0.165 per share, representing an annualized yield of 1.3%, with a payout ratio currently at 23.91%.

FORA Capital LLC acquired a new stake in KBR, Inc. (NYSE:KBR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,905 shares of the construction company's stock, valued at approximately $394,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. increased its position in KBR by 16.1% in the 1st quarter. Invesco Ltd. now owns 4,925,667 shares of the construction company's stock valued at $245,347,000 after acquiring an additional 683,280 shares in the last quarter. Boston Partners boosted its stake in shares of KBR by 35.2% in the 1st quarter. Boston Partners now owns 4,384,527 shares of the construction company's stock valued at $218,648,000 after purchasing an additional 1,142,111 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of KBR by 11.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,427,015 shares of the construction company's stock valued at $120,891,000 after purchasing an additional 244,094 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of KBR by 10.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,218,482 shares of the construction company's stock valued at $128,517,000 after purchasing an additional 218,327 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of KBR by 6.8% in the 1st quarter. Neuberger Berman Group LLC now owns 2,114,109 shares of the construction company's stock valued at $105,325,000 after purchasing an additional 133,992 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

KBR Stock Down 1.7%

KBR stock traded down $0.87 during mid-day trading on Wednesday, hitting $49.37. 140,756 shares of the company were exchanged, compared to its average volume of 1,512,302. 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 firm has a market cap of $6.36 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.00 and a beta of 0.73. The firm's 50 day simple moving average is $48.43 and its 200 day simple moving average is $50.40. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60.

KBR (NYSE:KBR - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.10 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, sell-side analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The business 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 dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, September 15th. KBR's dividend payout ratio (DPR) is 23.91%.

Insider Buying and Selling

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 shares were sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the sale, the chief executive officer directly owned 802,361 shares in the company, valued at approximately $42,372,684.41. This trade represents a 2.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.11% of the company's stock.

Analyst Upgrades and Downgrades

KBR has been the topic of several recent research reports. UBS Group lowered shares of KBR from a "buy" rating to a "neutral" rating and reduced their target price for the company from $66.00 to $54.00 in a research note on Wednesday, July 2nd. KeyCorp lowered shares of KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday, June 23rd. DA Davidson reduced their target price on shares of KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Stifel Nicolaus raised their target price on shares of KBR from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Bank of America lowered shares of KBR from a "buy" rating to a "neutral" rating and reduced their target price for the company from $70.00 to $55.00 in a research note on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $62.78.

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.