Fox Run Management L.L.C. Buys New Holdings in KBR, Inc. $KBR

Key Points

• Fox Run Management L.L.C. has acquired a new position in KBR, Inc., purchasing 18,857 shares valued at approximately $939,000 in the first quarter.
• Institutional investors own a total of 97.02% of KBR's stock, indicating strong institutional support for the company.
• Wall Street analysts have mixed views on KBR, with six analysts rating it as a "hold" and four as a "buy," reflecting a consensus target price of $62.78.

Fox Run Management L.L.C. acquired a new position in shares of KBR, Inc. (NYSE:KBR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,857 shares of the construction company's stock, valued at approximately $939,000.

A number of other large investors also recently made changes to their positions in the stock. Invesco Ltd. lifted its stake in shares of 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 purchasing an additional 683,280 shares during the period. Boston Partners lifted 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 period. Jacobs Levy Equity Management Inc. lifted 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 period. Dimensional Fund Advisors LP lifted its stake in shares of KBR by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,182,921 shares of the construction company's stock valued at $126,452,000 after purchasing an additional 130,535 shares during the period. Finally, Neuberger Berman Group LLC lifted 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 period. Institutional investors and hedge funds own 97.02% of the company's stock.

Analyst Ratings Changes

KBR has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective 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. DA Davidson lowered their price objective on shares of KBR from $72.00 to $65.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Wall Street Zen cut shares of KBR from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. The Goldman Sachs Group cut shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective for the company. in a research report on Tuesday, May 27th. Finally, Citigroup lowered their price objective on shares of KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $62.78.

KBR Stock Down 0.5%

Shares of NYSE KBR traded down $0.2550 during mid-day trading on Wednesday, hitting $49.6150. The company had a trading volume of 462,730 shares, compared to its average volume of 1,539,136. The company has a market capitalization of $6.39 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 1.00 and a beta of 0.76. The firm has a 50-day simple moving average of $48.62 and a two-hundred day simple moving average of $50.61. 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 one year low of $43.89 and a one year high of $72.60.

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 for the quarter, beating the consensus estimate 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 return on equity of 33.65% and a net margin of 4.52%.KBR's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, equities analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

Insider Buying and Selling at KBR

In other news, CEO Stuart Bradie sold 20,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 802,361 shares in the company, valued at $42,372,684.41. This trade represents a 2.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.11% of the stock is owned by 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.