KBR, Inc. $KBR Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in KBR, Inc. by 31.0%, selling 688,279 shares, leaving them with approximately 1.18% ownership valued at $76.2 million.
• Multiple institutional investors increased their holdings in KBR, with notable boosts from US Bancorp DE (13.5%) and Fifth Third Bancorp (25.2%) during the first quarter.
• KBR has announced a quarterly dividend of $0.165 per share, set to be paid on October 15th, representing a dividend yield of 1.3%.

Jacobs Levy Equity Management Inc. lessened its stake in KBR, Inc. (NYSE:KBR - Free Report) by 31.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,530,203 shares of the construction company's stock after selling 688,279 shares during the period. Jacobs Levy Equity Management Inc. owned 1.18% of KBR worth $76,219,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its stake in KBR by 42.4% in the 1st quarter. AQR Capital Management LLC now owns 588,326 shares of the construction company's stock worth $29,305,000 after buying an additional 175,127 shares during the period. Amundi increased its stake in KBR by 7.3% in the 1st quarter. Amundi now owns 194,314 shares of the construction company's stock worth $9,968,000 after buying an additional 13,169 shares during the period. Cooperman Leon G increased its stake in KBR by 15.0% in the 1st quarter. Cooperman Leon G now owns 1,680,000 shares of the construction company's stock worth $83,681,000 after buying an additional 218,598 shares during the period. EP Wealth Advisors LLC purchased a new position in KBR during the 1st quarter valued at about $282,000. Finally, Cubist Systematic Strategies LLC increased its position in KBR by 82.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 331,036 shares of the construction company's stock valued at $16,489,000 after purchasing an additional 149,724 shares during the period. Hedge funds and other institutional investors own 97.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wall Street Zen downgraded shares of KBR from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. The Goldman Sachs Group downgraded shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price on the stock. in a research report on Tuesday, May 27th. UBS Group downgraded shares of KBR from a "buy" rating to a "neutral" rating and cut their target price for the company from $66.00 to $54.00 in a research report on Wednesday, July 2nd. Stifel Nicolaus raised their target price on shares of KBR from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, KeyCorp cut shares of KBR from an "overweight" rating to a "sector weight" rating in a report on Monday, June 23rd. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $62.78.

KBR Stock Up 0.0%

Shares of NYSE:KBR traded up $0.02 during trading on Tuesday, reaching $49.29. The stock had a trading volume of 726,610 shares, compared to its average volume of 1,506,536. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. The company has a market capitalization of $6.35 billion, a P/E ratio of 17.86, a PEG ratio of 0.99 and a beta of 0.73. 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 firm's 50-day simple moving average is $48.52 and its 200 day simple moving average is $50.35.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.03. The business 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%. The company's revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, research analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

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

Insider Buying and Selling

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 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 trade represents a 2.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.11% of the stock is owned by company insiders.

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.