KBR, Inc. $KBR Stock Purchased by Copeland Capital Management LLC

Key Points

• Copeland Capital Management increased its KBR position by 7.6% in the third quarter, acquiring 109,264 shares and bringing its total ownership to 1.23% of the company. Institutional investors collectively own 97.02% of KBR.
• Analysts maintain a generally cautious outlook, with three Buy ratings and five Hold ratings. KBR has an average price target of $45, compared with its recent share price of $35.35.
• KBR exceeded quarterly expectations with earnings of $0.99 per share versus the $0.90 consensus estimate, while revenue rose 1.6% year over year to $1.98 billion. The company also declared a quarterly dividend of $0.165 per share, equivalent to a 1.9% annual yield.

Copeland Capital Management LLC raised its position in KBR, Inc. (NYSE:KBR - Free Report) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,545,933 shares of the construction company's stock after purchasing an additional 109,264 shares during the quarter. Copeland Capital Management LLC owned 1.23% of KBR worth $54,355,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in KBR during the 2nd quarter worth approximately $479,892,000. Engine Capital Management LP grew its stake in shares of KBR by 1,129.3% during the 1st quarter. Engine Capital Management LP now owns 1,531,313 shares of the construction company's stock worth $56,444,000 after acquiring an additional 1,406,746 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of KBR in the second quarter valued at approximately $32,044,000. First Trust Advisors LP raised its holdings in shares of KBR by 29.8% in the first quarter. First Trust Advisors LP now owns 919,397 shares of the construction company's stock valued at $33,889,000 after purchasing an additional 211,010 shares during the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in shares of KBR in the fourth quarter valued at approximately $30,411,000. 97.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on KBR shares. UBS Group increased their price target on KBR from $36.00 to $41.00 and gave the company a "neutral" rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of KBR from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, September 3rd. Oppenheimer dropped their target price on shares of KBR from $60.00 to $50.00 and set an "outperform" rating on the stock in a report on Tuesday, September 22nd. Bank of America cut their target price on shares of KBR from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Monday, July 20th. Finally, Citigroup reduced their price target on KBR from $50.00 to $49.00 and set a "buy" rating for the company in a report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $45.00.

KBR Stock Performance

NYSE KBR opened at $35.35 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $4.46 billion, a P/E ratio of 10.65, a P/E/G ratio of 1.90 and a beta of 0.47. KBR, Inc. has a 12-month low of $29.94 and a 12-month high of $45.37. The firm has a 50-day moving average price of $36.54 and a two-hundred day moving average price of $35.68.

KBR (NYSE:KBR - Get Free Report) last announced its earnings results on Thursday, July 30th. The construction company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.09. KBR had a net margin of 5.49% and a return on equity of 32.55%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The business's revenue was up 1.6% compared to the same quarter last year. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Analysts anticipate that KBR, Inc. will post 4.01 earnings per share for the current year.

KBR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 15th will be given a dividend of $0.1650 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.66 dividend on an annualized basis and a yield of 1.9%. KBR's dividend payout ratio is currently 19.88%.

KBR Profile

KBR, Inc NYSE: KBR is a global engineering, technology and professional services company serving government and commercial customers. Its services include program management, systems engineering, mission operations, logistics, scientific research, cybersecurity, digital solutions and technical support for complex infrastructure and national security programs.

Through its government solutions business, KBR supports defense, intelligence, space, civil government and other public-sector customers.

Want to see what other hedge funds are holding KBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KBR, Inc. (NYSE:KBR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.