HB Wealth Management LLC Makes New Investment 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 position in shares of KBR, Inc. (NYSE:KBR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,297 shares of the construction company's stock, valued at approximately $314,000.

A number of other large investors have also added to or reduced their stakes in KBR. Balyasny Asset Management L.P. boosted its stake in shares of KBR by 444.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company's stock valued at $72,268,000 after purchasing an additional 1,018,539 shares during the period. Hudson Way Capital Management LLC lifted its holdings in shares of KBR by 128.3% during the fourth quarter. Hudson Way Capital Management LLC now owns 1,053,710 shares of the construction company's stock valued at $61,041,000 after purchasing an additional 592,063 shares during the last quarter. Charter Oak Advisors LP purchased a new position in KBR during the fourth quarter valued at $26,856,000. J. Goldman & Co LP bought a new stake in KBR in the fourth quarter worth $26,128,000. Finally, Eisler Capital Management Ltd. purchased a new stake in shares of KBR in the fourth quarter worth $20,162,000. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Stock Performance

Shares of NYSE KBR traded down $0.17 during midday trading on Wednesday, hitting $49.49. 722,415 shares of the stock traded hands, compared to its average volume of 1,547,490. The firm has a market capitalization of $6.38 billion, a P/E ratio of 17.90, a PEG ratio of 0.96 and a beta of 0.76. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. 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 50-day moving average of $49.09 and a two-hundred day moving average of $51.10.

KBR (NYSE:KBR - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.10 billion. During the same period last year, the firm posted $0.83 earnings per share. The business's revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were given a $0.165 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.66 annualized dividend and a yield of 1.3%. KBR's dividend payout ratio (DPR) is presently 23.91%.

Wall Street Analysts Forecast Growth

KBR has been the subject of several analyst reports. Stifel Nicolaus raised their price target on KBR from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, August 1st. The Goldman Sachs Group cut shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price for the company. in a report on Tuesday, May 27th. UBS Group cut shares of KBR from a "buy" rating to a "neutral" rating and cut their price target for the company from $66.00 to $54.00 in a report on Wednesday, July 2nd. Wall Street Zen lowered shares of KBR from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. Finally, DA Davidson cut their target price on KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.75.

Insiders Place Their Bets

In other news, CEO Stuart Bradie sold 20,000 shares of the company'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 completion of the sale, the chief executive officer directly owned 802,361 shares in the company, valued at $42,372,684.41. This represents a 2.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.11% of the company's stock.

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.