Cooperman Leon G Purchases 218,598 Shares of KBR, Inc. $KBR

Key Points

• Cooperman Leon G increased its stake in KBR, Inc. by 15.0% during the 1st quarter, now holding approximately 1.29% of the company with shares worth $83.68 million.
• Hedge funds have shown significant interest in KBR, with several making increases, including Boston Partners, which raised its stake by 35.2%.
• KBR announced a quarterly dividend of $0.165 per share, representing a dividend yield of 1.3%, with a payout ratio of about 23.91%.

Cooperman Leon G raised its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 15.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,680,000 shares of the construction company's stock after buying an additional 218,598 shares during the quarter. KBR accounts for 3.3% of Cooperman Leon G's portfolio, making the stock its 13th largest position. Cooperman Leon G owned about 1.29% of KBR worth $83,681,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Mariner LLC increased its holdings in shares of KBR by 8.7% in the 4th quarter. Mariner LLC now owns 5,227 shares of the construction company's stock valued at $303,000 after purchasing an additional 420 shares during the period. Northern Trust Corp increased its holdings in shares of KBR by 23.2% in the 4th quarter. Northern Trust Corp now owns 1,208,302 shares of the construction company's stock valued at $69,997,000 after purchasing an additional 227,251 shares during the period. Comerica Bank increased its holdings in KBR by 13.8% in the fourth quarter. Comerica Bank now owns 68,789 shares of the construction company's stock worth $3,985,000 after buying an additional 8,325 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in KBR by 14.6% in the fourth quarter. BNP Paribas Financial Markets now owns 53,518 shares of the construction company's stock worth $3,100,000 after buying an additional 6,832 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in KBR by 444.8% in the fourth 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. 97.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on KBR shares. DA Davidson dropped their price objective on KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, August 1st. UBS Group cut KBR from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $66.00 to $54.00 in a research report on Wednesday, July 2nd. The Goldman Sachs Group cut 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. Stifel Nicolaus increased their price objective on 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 KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Four research analysts have rated the stock with a Buy rating and five have assigned 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.

Insider Buying and Selling at KBR

In other news, CEO Stuart Bradie sold 20,000 shares of KBR stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the transaction, the chief executive officer owned 802,361 shares in the company, valued at $42,372,684.41. The trade was a 2.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.11% of the stock is owned by company insiders.

KBR Price Performance

KBR stock traded up $0.68 during mid-day trading on Friday, hitting $49.62. 839,805 shares of the company were exchanged, compared to its average volume of 1,128,009. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The company has a market capitalization of $6.39 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 0.97 and a beta of 0.73. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.73. The business has a fifty day moving average of $48.49 and a 200 day moving average of $50.36.

KBR (NYSE:KBR - Get Free Report) last announced its 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 company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.The firm'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. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, sell-side analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, September 15th. KBR's payout ratio is 23.91%.

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.