HB Wealth Management LLC Takes $314,000 Position in KBR, Inc. (NYSE:KBR)

Key Points

• HB Wealth Management LLC has acquired 6,297 shares of KBR, Inc., valued at approximately $314,000, marking a significant new position for the firm in the construction company's stock.
• Several institutional investors have either increased or adjusted their stakes in KBR, with 97.02% of the stock now owned by such investors.
• Analyst ratings on KBR have been mixed, with four analysts rating the stock as a "hold" and five giving it a "buy," reflecting varying confidence in its future performance.

HB Wealth Management LLC acquired a new stake in KBR, Inc. (NYSE:KBR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,297 shares of the construction company's stock, valued at approximately $314,000.

A number of other large investors have also made changes to their positions in the company. Utah Retirement Systems raised its holdings in KBR by 2.9% during the 4th quarter. Utah Retirement Systems now owns 7,200 shares of the construction company's stock worth $417,000 after buying an additional 200 shares during the period. Cetera Trust Company N.A increased its position in shares of KBR by 5.6% during the first quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company's stock worth $188,000 after acquiring an additional 200 shares in the last quarter. KBC Group NV raised its holdings in shares of KBR by 4.8% during the first quarter. KBC Group NV now owns 5,703 shares of the construction company's stock worth $284,000 after acquiring an additional 260 shares during the period. Fifth Third Bancorp lifted its position in KBR by 25.2% in the 1st 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 in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in KBR by 0.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 37,300 shares of the construction company's stock worth $1,858,000 after purchasing an additional 300 shares during the period. Institutional investors own 97.02% of the company's stock.

Insider Activity at KBR

In related news, CEO Stuart Bradie sold 20,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total value of $1,056,200.00. Following the transaction, the chief executive officer owned 802,361 shares in the company, valued at approximately $42,372,684.41. This represents a 2.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.11% of the company's stock.

KBR Stock Performance

Shares of KBR stock traded down $0.26 during trading on Friday, hitting $46.48. 2,488,669 shares of the stock were exchanged, compared to its average volume of 1,515,458. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. The company has a fifty day moving average price of $49.21 and a 200-day moving average price of $51.18. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 0.98 and a beta of 0.76. 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 released its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share. As a group, equities analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, June 13th. KBR's dividend payout ratio (DPR) is currently 23.91%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KBR. Truist Financial dropped their price target on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. DA Davidson dropped their target price on KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday. KeyCorp downgraded KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. The Goldman Sachs Group downgraded shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective on the stock. in a report on Tuesday, May 27th. Finally, Stifel Nicolaus boosted their price objective on shares of KBR from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.75.

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.