Clearline Capital LP Has $5.60 Million Stake in KBR, Inc. $KBR

Key Points

• Clearline Capital LP increased its holdings in KBR, Inc. by 5.4%, acquiring an additional 5,800 shares in the first quarter, bringing its total ownership to 112,396 shares valued at approximately $5.6 million.
• KBR's CEO, Stuart Bradie, sold 20,000 shares for $1,056,200, resulting in a 2.43% reduction in his ownership, which now stands at 802,361 shares.
• KBR recently announced a quarterly dividend of $0.165 per share, with an ex-dividend date of September 15th, reflecting a 1.3% annual yield.

Clearline Capital LP raised its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,396 shares of the construction company's stock after purchasing an additional 5,800 shares during the quarter. Clearline Capital LP owned 0.09% of KBR worth $5,598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of KBR. LRI Investments LLC purchased a new stake in shares of KBR during the 4th quarter worth approximately $31,000. GAMMA Investing LLC increased its holdings in shares of KBR by 295.5% during the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after buying an additional 594 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in KBR during the 1st quarter worth $47,000. UMB Bank n.a. boosted its position in KBR by 146.9% during the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock worth $65,000 after purchasing an additional 780 shares during the period. Finally, Fifth Third Bancorp boosted its position in KBR by 25.2% in the 1st quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock valued at $68,000 after buying an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

Insider Activity

In other news, CEO Stuart Bradie sold 20,000 shares of the company's 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 in the company, valued at approximately $42,372,684.41. This represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.11% of the company's stock.

KBR Stock Performance

KBR traded down $0.02 during trading on Friday, hitting $49.46. The stock had a trading volume of 772,444 shares, compared to its average volume of 1,501,175. The firm has a market cap of $6.37 billion, a PE ratio of 17.92, a P/E/G ratio of 0.99 and a beta of 0.73. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60. 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 company has a 50 day simple moving average of $48.62 and a 200-day simple moving average of $50.33.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data 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 net margin of 4.52% and a return on equity of 33.65%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. The business's revenue was up 5.7% compared to the same quarter last year. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. Analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given 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 payout ratio is 23.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KBR shares. Bank of America cut shares of KBR from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $70.00 to $55.00 in a research report on Wednesday, August 13th. UBS Group cut shares of KBR from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $66.00 to $54.00 in a report on Wednesday, July 2nd. Stifel Nicolaus raised their target price on shares of KBR from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, August 1st. KeyCorp lowered shares of KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday, June 23rd. Finally, Wall Street Zen lowered shares of KBR from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, KBR has a consensus rating of "Hold" and a consensus price target of $62.78.

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.