Nomura Holdings Inc. Purchases 889,322 Shares of KBR, Inc. $KBR

Key Points

• Nomura Holdings Inc. has significantly increased its stake in KBR, Inc., raising ownership by 5,030.1% to approximately 907,002 shares valued at $45.2 million.
• Hedge funds and institutional investors collectively own 97.02% of KBR’s stock, indicating strong institutional confidence in the company.
• KBR reported an EPS of $0.91 for the recent quarter, exceeding analyst expectations, and announced a quarterly dividend of $0.165 per share.

Nomura Holdings Inc. increased its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 5,030.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 907,002 shares of the construction company's stock after purchasing an additional 889,322 shares during the quarter. Nomura Holdings Inc. owned about 0.70% of KBR worth $45,178,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. LRI Investments LLC bought a new position in KBR in the 4th quarter valued at $31,000. GAMMA Investing LLC boosted its holdings in KBR by 295.5% in the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock valued at $40,000 after acquiring an additional 594 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in KBR in the first quarter valued at about $47,000. UMB Bank n.a. boosted its holdings in KBR by 146.9% in the first quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock valued at $65,000 after acquiring an additional 780 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of 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 purchasing an additional 275 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Bank of America lowered shares of KBR from a "buy" rating to a "neutral" rating and reduced their target price for the company from $70.00 to $55.00 in a research note on Wednesday, August 13th. The Goldman Sachs Group cut shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective on the stock. in a research note on Tuesday, May 27th. Wall Street Zen lowered KBR from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. DA Davidson reduced their price target on KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Finally, UBS Group lowered KBR from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $66.00 to $54.00 in a research report on Wednesday, July 2nd. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $62.78.

Insider Buying and Selling

In related news, CEO Stuart Bradie sold 20,000 shares of the business's stock in a transaction 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 sale, the chief executive officer directly owned 802,361 shares of the company's stock, valued at approximately $42,372,684.41. The trade was a 2.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.11% of the company's stock.

KBR Stock Down 0.4%

Shares of NYSE:KBR traded down $0.22 during trading on Tuesday, hitting $50.24. 1,299,555 shares of the company's stock traded hands, compared to its average volume of 1,250,135. KBR, Inc. has a 52 week low of $43.89 and a 52 week 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 market cap of $6.47 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.00 and a beta of 0.73. The company has a 50-day moving average price of $48.43 and a 200-day moving average price of $50.40.

KBR (NYSE:KBR - Get Free Report) last announced 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. KBR had a net margin of 4.52% and a return on equity of 33.65%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The business's revenue was up 5.7% on a year-over-year basis. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, research analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given 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 payout ratio is currently 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.