KBR, Inc. $KBR Stock Position Lessened by Chescapmanager LLC

Key Points

• Chescapmanager LLC reduced its holdings in KBR, Inc. by 12.2% in the first quarter, owning approximately 3.1% of the company's shares, valued at around $28.7 million.
• Several institutional investors, including GAMMA Investing LLC and UMB Bank n.a., increased their positions in KBR, reflecting a trend of heightened interest among institutions, which hold 97.02% of the company's stock.
• KBR's recent earnings report beat estimates, with an EPS of $0.91, but the company's revenue of $1.95 billion fell short of analysts' expectations, highlighting some challenges despite a 5.7% year-over-year increase.

Chescapmanager LLC lowered its position in KBR, Inc. (NYSE:KBR - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 576,444 shares of the construction company's stock after selling 80,000 shares during the quarter. KBR comprises approximately 3.1% of Chescapmanager LLC's portfolio, making the stock its 9th largest holding. Chescapmanager LLC owned approximately 0.44% of KBR worth $28,713,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KBR. LRI Investments LLC bought a new position in shares of KBR in the fourth quarter worth $31,000. GAMMA Investing LLC increased its holdings in shares of KBR by 295.5% in the first 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. bought a new position in shares of KBR in the first quarter worth $47,000. UMB Bank n.a. increased its holdings in shares of KBR by 146.9% in the first 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 increased its holdings in shares of KBR by 25.2% in the first quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock worth $68,000 after purchasing an additional 275 shares during the period. Institutional investors own 97.02% of the company's stock.

Insider Activity

In other news, CEO Stuart Bradie sold 20,000 shares of the firm's 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 directly owned 802,361 shares of the company's stock, valued at approximately $42,372,684.41. This trade represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.11% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KBR. UBS Group cut shares of KBR from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $66.00 to $54.00 in a report on Wednesday, July 2nd. KeyCorp lowered KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday, June 23rd. DA Davidson dropped their price target on KBR from $72.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Bank of America lowered KBR from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $70.00 to $55.00 in a research note on Wednesday, August 13th. Finally, Wall Street Zen lowered KBR from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Four 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 has a consensus rating of "Hold" and an average price target of $62.78.

KBR Stock Down 0.7%

Shares of NYSE:KBR opened at $49.90 on Thursday. The stock's 50-day moving average price is $48.46 and its 200-day moving average price is $50.39. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60. The stock has a market capitalization of $6.43 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 1.00 and a beta of 0.73. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73.

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

KBR Dividend Announcement

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

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.

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