HighTower Advisors LLC Reduces Stock Position in KBR, Inc. $KBR

HighTower Advisors LLC decreased its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 36.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,771 shares of the construction company's stock after selling 117,215 shares during the period. HighTower Advisors LLC owned approximately 0.15% of KBR worth $10,000,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. LRI Investments LLC purchased a new stake in shares of KBR during the 4th quarter valued at about $31,000. GAMMA Investing LLC boosted its stake 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 purchasing an additional 594 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of KBR during the 1st quarter worth about $47,000. UMB Bank n.a. boosted its position in shares of KBR by 146.9% during the first quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock valued at $65,000 after buying an additional 780 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of KBR by 25.2% during the first 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 period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Stock Down 0.5%

KBR traded down $0.2570 on Wednesday, hitting $49.6130. The company had a trading volume of 1,008,484 shares, compared to its average volume of 1,542,762. The stock has a fifty day moving average price of $48.62 and a 200-day moving average price of $50.61. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60. 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 stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 1.00 and a beta of 0.76.

KBR (NYSE:KBR - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.03. KBR had a return on equity of 33.65% and a net margin of 4.52%.The company 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 earned $0.83 earnings per share. The firm's quarterly 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 predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KBR. Bank of America lowered KBR from a "buy" rating to a "neutral" rating and dropped their target price for the company from $70.00 to $55.00 in a research report on Wednesday, August 13th. Stifel Nicolaus boosted their target price on KBR from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, August 1st. KeyCorp downgraded shares of KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday, June 23rd. The Goldman Sachs Group downgraded shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price target on the stock. in a research note on Tuesday, May 27th. Finally, Citigroup reduced their price target on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $62.78.

Insider Buying and Selling

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 802,361 shares in the company, valued at approximately $42,372,684.41. This trade represents a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.11% of the company's stock.

About KBR

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.