Lecap Asset Management Ltd. Increases Holdings in KBR, Inc. (NYSE:KBR)

Lecap Asset Management Ltd. increased its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 28.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,170 shares of the construction company's stock after purchasing an additional 8,724 shares during the quarter. Lecap Asset Management Ltd.'s holdings in KBR were worth $1,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in shares of KBR in the fourth quarter worth about $1,131,000. Jones Financial Companies Lllp grew its stake in shares of KBR by 37.9% in the fourth quarter. Jones Financial Companies Lllp now owns 2,168 shares of the construction company's stock worth $126,000 after purchasing an additional 596 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of KBR by 1,402.2% in the first quarter. Farther Finance Advisors LLC now owns 1,367 shares of the construction company's stock worth $68,000 after purchasing an additional 1,276 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of KBR by 510.5% in the fourth quarter. Schroder Investment Management Group now owns 86,796 shares of the construction company's stock worth $4,973,000 after purchasing an additional 72,579 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of KBR by 93.6% in the fourth quarter. American Century Companies Inc. now owns 46,430 shares of the construction company's stock worth $2,690,000 after purchasing an additional 22,446 shares during the last quarter. 97.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. The Goldman Sachs Group cut KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective on the stock. in a research report on Tuesday, May 27th. Truist Financial cut their price objective on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Citigroup cut their price objective on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Wall Street Zen cut KBR from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, KeyCorp cut KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, KBR currently has an average rating of "Moderate Buy" and a consensus target price of $67.57.

KBR Stock Down 1.7%

Shares of KBR traded down $0.83 during trading hours on Friday, hitting $48.20. The company had a trading volume of 2,198,303 shares, compared to its average volume of 1,381,171. The firm has a fifty day moving average price of $52.51 and a 200-day moving average price of $53.17. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 0.94 and a beta of 0.77. KBR, Inc. has a 52-week low of $43.89 and a 52-week high of $72.60.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.10. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.09 billion. KBR had a return on equity of 32.55% and a net margin of 4.99%. KBR's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. On average, equities research analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be issued a $0.165 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a yield of 1.37%. KBR's payout ratio is currently 22.07%.

Insider Buying and Selling

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the completion of the sale, the chief executive officer now directly owns 802,361 shares in the company, valued at approximately $42,372,684.41. The trade was a 2.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.11% of the stock is owned by company insiders.

KBR Company 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.