Magnetar Financial LLC Acquires Shares of 37,462 KBR, Inc. $KBR

Key Points

• Magnetar Financial LLC acquired a new stake in KBR, Inc., purchasing 37,462 shares valued at approximately $1.87 million.
• KBR, Inc. reported earnings of $0.91 per share for the last quarter, exceeding consensus estimates, but its revenue fell short of analyst expectations.
• The company declared a quarterly dividend of $0.165 to be paid on October 15th, representing an annual yield of 1.3% and a payout ratio of 23.91%.

Magnetar Financial LLC acquired a new position in KBR, Inc. (NYSE:KBR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 37,462 shares of the construction company's stock, valued at approximately $1,866,000.

Several other institutional investors also recently modified their holdings of the business. Utah Retirement Systems grew its stake in shares of KBR by 2.9% in the fourth quarter. Utah Retirement Systems now owns 7,200 shares of the construction company's stock worth $417,000 after purchasing an additional 200 shares during the last quarter. Cetera Trust Company N.A boosted its position in KBR by 5.6% during the first quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company's stock valued at $188,000 after acquiring an additional 200 shares during the last quarter. KBC Group NV boosted its position in KBR by 4.8% during the first quarter. KBC Group NV now owns 5,703 shares of the construction company's stock valued at $284,000 after acquiring an additional 260 shares during the last quarter. US Bancorp DE boosted its position in KBR by 13.5% during the first quarter. US Bancorp DE now owns 2,260 shares of the construction company's stock valued at $113,000 after acquiring an additional 268 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in KBR by 25.2% during the first quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock valued at $68,000 after acquiring an additional 275 shares during the last quarter. Institutional investors own 97.02% of the company's stock.

KBR Stock Down 0.4%

Shares of KBR traded down $0.22 on Tuesday, reaching $50.24. The company's stock had a trading volume of 1,299,555 shares, compared to its average volume of 1,250,135. 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, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60. The stock has a market capitalization of $6.47 billion, a PE ratio of 18.20, a PEG ratio of 1.00 and a beta of 0.73. The firm has a fifty day moving average of $48.43 and a 200-day moving average of $50.40.

KBR (NYSE:KBR - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.03. KBR had a net margin of 4.52% and a return on equity of 33.65%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the prior year, the business posted $0.83 EPS. The firm's revenue was up 5.7% compared to the same quarter last year. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. Equities analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, September 15th. KBR's dividend payout ratio is currently 23.91%.

Insider Buying and Selling at KBR

In related news, CEO Stuart Bradie sold 20,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total value of $1,056,200.00. Following the sale, the chief executive officer owned 802,361 shares in the company, valued at $42,372,684.41. This represents a 2.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group cut shares of KBR from a "buy" rating to a "neutral" rating and cut their price target for the company from $66.00 to $54.00 in a research report on Wednesday, July 2nd. Stifel Nicolaus upped their price target on shares of KBR from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, August 1st. DA Davidson cut their price target on shares of KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Wall Street Zen cut shares of KBR from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, The Goldman Sachs Group cut shares of 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. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $62.78.

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.