KBR, Inc. $KBR Stake Raised by Huber Capital Management LLC

Key Points

• Huber Capital Management LLC increased its stake in KBR, Inc. by 34.4%, making KBR the largest position in its investment portfolio.
• KBR's stock has received mixed ratings from analysts, with Goldman Sachs and UBS reducing their ratings to neutral while Stifel Nicolaus maintained a buy rating with an increased price target.
• The company declared a quarterly dividend of $0.165 per share, representing an annual yield of 1.3% and a payout ratio of 23.91%.

Huber Capital Management LLC lifted its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 34.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 607,184 shares of the construction company's stock after purchasing an additional 155,561 shares during the quarter. KBR accounts for approximately 5.7% of Huber Capital Management LLC's portfolio, making the stock its largest position. Huber Capital Management LLC owned about 0.47% of KBR worth $30,244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KBR. Boston Partners grew its holdings in shares of KBR by 35.2% during the first quarter. Boston Partners now owns 4,384,527 shares of the construction company's stock worth $218,648,000 after purchasing an additional 1,142,111 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in KBR by 444.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company's stock worth $72,268,000 after buying an additional 1,018,539 shares during the last quarter. Invesco Ltd. lifted its position in KBR by 16.1% in the 1st quarter. Invesco Ltd. now owns 4,925,667 shares of the construction company's stock worth $245,347,000 after buying an additional 683,280 shares during the last quarter. Nuveen LLC bought a new stake in KBR in the 1st quarter worth approximately $31,454,000. Finally, Hudson Way Capital Management LLC lifted its position in KBR by 128.3% in the 4th quarter. Hudson Way Capital Management LLC now owns 1,053,710 shares of the construction company's stock worth $61,041,000 after buying an additional 592,063 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

Insiders Place Their Bets

In other news, CEO Stuart Bradie sold 20,000 shares of the 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 sale, the chief executive officer directly owned 802,361 shares of the company's stock, valued at approximately $42,372,684.41. This represents a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KBR has been the subject of a number of recent research reports. DA Davidson dropped their target price on KBR from $72.00 to $65.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Bank of America downgraded KBR from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $70.00 to $55.00 in a research report on Wednesday, August 13th. The Goldman Sachs Group downgraded KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price for the company. in a research report on Tuesday, May 27th. Wall Street Zen downgraded KBR from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, KeyCorp downgraded KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, KBR has a consensus rating of "Hold" and an average target price of $62.78.

KBR Trading Down 0.8%

Shares of KBR stock traded down $0.39 during midday trading on Tuesday, reaching $50.08. 376,709 shares of the company's stock traded hands, compared to its average volume of 1,514,912. 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 company has a market cap of $6.45 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 1.00 and a beta of 0.73. The stock has a 50 day moving average of $48.38 and a 200-day moving average of $50.40. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60.

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

KBR Announces Dividend

The company also recently declared 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. This represents a $0.66 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, September 15th. KBR's dividend payout ratio is presently 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.