Lecap Asset Management Ltd. Trims Holdings in KBR, Inc. $KBR

Key Points

• Lecap Asset Management Ltd. reduced its holdings in KBR, Inc. by 45.4%, owning 21,380 shares valued at approximately $1,025,000 after selling 17,790 shares in the second quarter.
• Various institutional investors like Wealth Enhancement Advisory Services and GAMMA Investing LLC have significantly increased their stakes, indicating ongoing interest as 97.02% of KBR's stock is held by institutions.
• Equities research analysts have been cautious, with several downgrading KBR's ratings and target prices, resulting in a consensus rating of "Hold" with a target price of approximately $62.78.

Lecap Asset Management Ltd. decreased its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 45.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,380 shares of the construction company's stock after selling 17,790 shares during the quarter. Lecap Asset Management Ltd.'s holdings in KBR were worth $1,025,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KBR. Wealth Enhancement Advisory Services LLC lifted its position in KBR by 26.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,776 shares of the construction company's stock worth $335,000 after buying an additional 1,210 shares in the last quarter. GAMMA Investing LLC raised its position in KBR by 19,601.0% in the first quarter. GAMMA Investing LLC now owns 39,599 shares of the construction company's stock valued at $1,972,000 after purchasing an additional 39,398 shares during the period. UMB Bank n.a. raised its position in KBR by 146.9% in the first quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock valued at $65,000 after purchasing an additional 780 shares during the period. Wedge Capital Management L L P NC raised its position in KBR by 18.6% in the first quarter. Wedge Capital Management L L P NC now owns 71,555 shares of the construction company's stock valued at $3,564,000 after purchasing an additional 11,241 shares during the period. Finally, Farther Finance Advisors LLC raised its position in KBR by 1,402.2% in the first quarter. Farther Finance Advisors LLC now owns 1,367 shares of the construction company's stock valued at $68,000 after purchasing an additional 1,276 shares during the period. Hedge funds and other institutional investors own 97.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KBR shares. DA Davidson reduced their target price on KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. KeyCorp downgraded KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. UBS Group downgraded KBR from a "buy" rating to a "neutral" rating and reduced their target price for the company from $66.00 to $54.00 in a research report on Wednesday, July 2nd. Wall Street Zen downgraded KBR from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Finally, Bank of America cut 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. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $62.78.

KBR Trading Down 1.4%

Shares of NYSE KBR opened at $47.09 on Friday. KBR, Inc. has a twelve month low of $43.89 and a twelve month 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 fifty day simple moving average of $49.01 and a 200-day simple moving average of $50.16. The stock has a market capitalization of $6.07 billion, a PE ratio of 17.06, a PEG ratio of 0.95 and a beta of 0.68.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $0.91 EPS 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 analysts' expectations of $2.10 billion. During the same period in the previous year, the firm posted $0.83 EPS. KBR's revenue for the quarter was up 5.7% on a year-over-year basis. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, equities analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, September 15th. KBR's payout ratio is presently 23.91%.

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.

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