Cresset Asset Management LLC Has $13.12 Million Stock Holdings in KBR, Inc. $KBR

Key Points

• Cresset Asset Management LLC increased its holdings in KBR, Inc. by 11.0%, owning 262,516 shares worth approximately $13.1 million following a purchase of additional shares in the first quarter.
• Insider trading activity includes CEO Stuart Bradie selling 20,000 shares at a price of $52.81, reducing his ownership stake by 2.43% to approximately 802,361 shares.
• KBR reported earnings of $0.91 per share for the last quarter, outperforming estimates, but had a revenue of $1.95 billion, which fell short of the $2.10 billion consensus forecast.

Cresset Asset Management LLC raised its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 262,516 shares of the construction company's stock after purchasing an additional 26,060 shares during the quarter. Cresset Asset Management LLC owned approximately 0.20% of KBR worth $13,119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of KBR by 11.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,427,015 shares of the construction company's stock worth $120,891,000 after acquiring an additional 244,094 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in KBR in the first quarter valued at about $939,000. Neuberger Berman Group LLC grew its stake in KBR by 6.8% in the first quarter. Neuberger Berman Group LLC now owns 2,114,109 shares of the construction company's stock valued at $105,325,000 after acquiring an additional 133,992 shares during the period. Boston Partners grew its stake in KBR by 35.2% in the first quarter. Boston Partners now owns 4,384,527 shares of the construction company's stock valued at $218,648,000 after acquiring an additional 1,142,111 shares during the period. Finally, CCM Investment Group LLC acquired a new position in shares of KBR during the first quarter worth about $295,000. Institutional investors own 97.02% of the company's stock.

KBR Trading Up 0.2%

NYSE:KBR traded up $0.0890 during trading hours on Tuesday, hitting $49.8690. 866,359 shares of the company were exchanged, compared to its average volume of 1,687,727. The company has a fifty day simple moving average of $48.62 and a 200 day simple moving average of $50.61. KBR, Inc. has a one year low of $43.89 and a one year 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 stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.00 and a beta of 0.76.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 earnings per share for the quarter, topping 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 firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the company posted $0.83 EPS. The business's quarterly revenue was up 5.7% on a year-over-year basis. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. Sell-side analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KBR shares. UBS Group cut KBR from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $66.00 to $54.00 in a research report on Wednesday, July 2nd. Bank of America lowered KBR from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $70.00 to $55.00 in a research note on Wednesday, August 13th. Wall Street Zen lowered KBR from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. The Goldman Sachs Group lowered KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price on the stock. in a research note on Tuesday, May 27th. Finally, 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. 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, the stock has a consensus rating of "Hold" and an average target price of $62.78.

Insider Buying and Selling at KBR

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 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 $42,372,684.41. This trade represents a 2.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.11% of the company's stock.

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.