Graham Capital Management L.P. Takes $1.51 Million Position in KBR, Inc. $KBR

Key Points

• Graham Capital Management L.P. acquired a new position in KBR, Inc., purchasing 30,389 shares valued at approximately $1.51 million in the first quarter.
• Several institutional investors have significantly increased their stakes in KBR, with 97.02% of the stock now owned by these investors.
• Recent analyst reports show a trend of downgrades for KBR, with firms such as Goldman Sachs and Bank of America reducing their ratings from "buy" to "neutral."

Graham Capital Management L.P. bought a new position in shares of KBR, Inc. (NYSE:KBR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 30,389 shares of the construction company's stock, valued at approximately $1,514,000.

Several other large investors have also bought and sold shares of the stock. Quarry LP raised its position in KBR by 125.3% during the 1st quarter. Quarry LP now owns 2,828 shares of the construction company's stock worth $141,000 after purchasing an additional 1,573 shares during the last quarter. Nomura Holdings Inc. raised its position in KBR by 5,030.1% during the 1st quarter. Nomura Holdings Inc. now owns 907,002 shares of the construction company's stock worth $45,178,000 after purchasing an additional 889,322 shares during the last quarter. Vident Advisory LLC raised its position in KBR by 146.5% during the 1st quarter. Vident Advisory LLC now owns 209,830 shares of the construction company's stock worth $10,452,000 after purchasing an additional 124,701 shares during the last quarter. Magnetar Financial LLC bought a new position in KBR during the 1st quarter worth $1,866,000. Finally, Huber Capital Management LLC raised its position in KBR by 34.4% during the 1st quarter. Huber Capital Management LLC now owns 607,184 shares of the construction company's stock worth $30,244,000 after purchasing an additional 155,561 shares during the last quarter. 97.02% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Stuart Bradie sold 20,000 shares of the business'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 sale, the chief executive officer directly owned 802,361 shares of the company's stock, valued at $42,372,684.41. The trade was a 2.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.11% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KBR shares. The Goldman Sachs Group lowered 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. UBS Group downgraded KBR from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $66.00 to $54.00 in a report on Wednesday, July 2nd. DA Davidson decreased their price target on KBR from $72.00 to $65.00 and set a "buy" rating for the company in a report on Friday, August 1st. Stifel Nicolaus increased their price target on KBR from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Bank of America downgraded KBR from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $70.00 to $55.00 in a report on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $62.78.

KBR Stock Performance

Shares of KBR stock opened at $50.24 on Wednesday. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.00 and a beta of 0.73. The business has a 50-day simple moving average of $48.43 and a 200 day simple moving average of $50.40. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13.

KBR (NYSE:KBR - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, beating 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 business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period in the previous year, the company posted $0.83 EPS. The firm's revenue was up 5.7% compared to the same quarter last year. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, research analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

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

About KBR

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.