Invesco Ltd. Raises Holdings in KBR, Inc. (NYSE:KBR)

Key Points

• Invesco Ltd. increased its stake in KBR, Inc. by 16.1%, acquiring an additional 683,280 shares, bringing its total ownership to 4,925,667 shares, valued at approximately $245.3 million.
• Several institutional investors, including Balyasny Asset Management and Hudson Way Capital Management, also significantly raised their positions in KBR, indicating strong institutional interest in the company.
• KBR recently reported $0.91 earnings per share for the quarter, exceeding analysts' expectations, while announcing a quarterly dividend of $0.165 per share with an annualized yield of 1.3%.

Invesco Ltd. boosted its stake in KBR, Inc. (NYSE:KBR - Free Report) by 16.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,925,667 shares of the construction company's stock after purchasing an additional 683,280 shares during the quarter. Invesco Ltd. owned about 3.80% of KBR worth $245,347,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KBR. GAMMA Investing LLC raised its position in shares of KBR by 295.5% during the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock valued at $40,000 after buying an additional 594 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of KBR by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 307,121 shares of the construction company's stock valued at $15,298,000 after buying an additional 1,343 shares in the last quarter. Cerity Partners LLC raised its position in shares of KBR by 697.0% during the 1st quarter. Cerity Partners LLC now owns 27,314 shares of the construction company's stock valued at $1,361,000 after buying an additional 23,887 shares in the last quarter. KBC Group NV raised its position in shares of KBR by 4.8% during the 1st quarter. KBC Group NV now owns 5,703 shares of the construction company's stock valued at $284,000 after buying an additional 260 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of KBR by 26.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,776 shares of the construction company's stock valued at $335,000 after buying an additional 1,210 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KBR shares. Citigroup decreased their target price on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. KeyCorp lowered shares of KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Stifel Nicolaus increased 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, August 1st. UBS Group lowered shares of KBR from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $66.00 to $54.00 in a research report on Wednesday, July 2nd. Finally, Bank of America lowered shares of KBR from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $70.00 to $55.00 in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, KBR currently has an average rating of "Hold" and an average price target of $62.78.

KBR Trading Down 0.4%

Shares of NYSE:KBR traded down $0.18 during trading on Friday, reaching $49.65. 1,135,411 shares of the company were exchanged, compared to its average volume of 1,654,417. The firm has a market capitalization of $6.40 billion, a PE ratio of 17.99, a P/E/G ratio of 1.00 and a beta of 0.76. The business's fifty day simple moving average is $48.74 and its 200-day simple moving average is $50.71. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60. 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, topping analysts' consensus estimates of $0.88 by $0.03. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.10 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. The company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. On average, research analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

Insider Transactions at KBR

In related news, CEO Stuart Bradie sold 20,000 shares of KBR stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the transaction, the chief executive officer directly owned 802,361 shares of the company's stock, valued at $42,372,684.41. This trade represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.11% of the stock is currently owned by insiders.

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.