Intech Investment Management LLC Buys 61,937 Shares of KBR, Inc. $KBR

Key Points

• Intech Investment Management LLC increased its position in KBR, Inc. by 39.1%, acquiring an additional 61,937 shares and now holding 220,446 shares valued at approximately $10.98 million.
• Recent analyst reports show a mix of upgrades and downgrades, with a consensus rating of "Hold" and an average price target of $62.78 for KBR stock.
• KBR announced a quarterly dividend of $0.165 per share, reflecting an annualized yield of 1.3% and a payout ratio of 23.91%.

Intech Investment Management LLC increased its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 39.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,446 shares of the construction company's stock after purchasing an additional 61,937 shares during the quarter. Intech Investment Management LLC owned 0.17% of KBR worth $10,980,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KBR. BNP Paribas Financial Markets lifted its holdings in shares of KBR by 14.6% during the 4th quarter. BNP Paribas Financial Markets now owns 53,518 shares of the construction company's stock worth $3,100,000 after acquiring an additional 6,832 shares during the period. Cetera Investment Advisers raised its position in KBR by 65.1% during the fourth quarter. Cetera Investment Advisers now owns 6,922 shares of the construction company's stock valued at $401,000 after purchasing an additional 2,729 shares in the last quarter. Ethic Inc. lifted its stake in KBR by 28.0% during the fourth quarter. Ethic Inc. now owns 9,137 shares of the construction company's stock worth $529,000 after purchasing an additional 1,998 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of KBR in the 4th quarter valued at $31,000. Finally, Nuveen Asset Management LLC increased its stake in shares of KBR by 4.0% in the 4th quarter. Nuveen Asset Management LLC now owns 651,981 shares of the construction company's stock valued at $37,769,000 after purchasing an additional 25,230 shares during the last quarter. 97.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

KBR has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective on KBR from $78.00 to $80.00 and gave the stock a "buy" rating in a research 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. DA Davidson decreased their price target on shares of KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, August 1st. KeyCorp downgraded shares of KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday, June 23rd. Finally, Bank of America cut shares of KBR from a "buy" rating to a "neutral" rating and decreased their target price for the stock 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 given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $62.78.

Insider Activity at KBR

In related news, CEO Stuart Bradie sold 20,000 shares of the company's stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.11% of the stock is currently owned by corporate insiders.

KBR Trading Up 0.9%

Shares of NYSE KBR opened at $49.78 on Thursday. The firm has a 50 day moving average price of $48.59 and a two-hundred day moving average price of $50.34. The stock has a market cap of $6.41 billion, a P/E ratio of 18.03, a price-to-earnings-growth ratio of 0.98 and a beta of 0.73. KBR, Inc. has a 52-week low of $43.89 and a 52-week 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.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $2.10 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. KBR's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, equities analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, September 15th. KBR's dividend payout ratio (DPR) is 23.91%.

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.

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