Neuberger Berman Group LLC Increases Holdings in KBR, Inc. (NYSE:KBR)

Key Points

• Neuberger Berman Group LLC increased its holdings in KBR, Inc. by 6.8%, owning over 2 million shares, which is approximately 1.63% of the company, valued at $105 million.
• Multiple institutional investors have also significantly raised their stakes in KBR, with Boston Partners increasing its position by 35.2% to own about $218 million worth of shares.
• KBR recently reported $0.91 earnings per share, exceeding expectations, while its revenue for the quarter was $1.95 billion, slightly below the consensus estimate.

Neuberger Berman Group LLC grew its stake in KBR, Inc. (NYSE:KBR - Free Report) by 6.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,114,109 shares of the construction company's stock after acquiring an additional 133,992 shares during the quarter. Neuberger Berman Group LLC owned about 1.63% of KBR worth $105,325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. LRI Investments LLC acquired a new stake in KBR during the 4th quarter worth about $31,000. GAMMA Investing LLC lifted its position in KBR by 295.5% during the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after acquiring an additional 594 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in KBR during the 1st quarter worth about $47,000. UMB Bank n.a. lifted its position in KBR by 146.9% during the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock worth $65,000 after acquiring an additional 780 shares during the period. Finally, Fifth Third Bancorp lifted its position in KBR by 25.2% during the 1st quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock worth $68,000 after acquiring an additional 275 shares during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other KBR 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 transaction of $1,056,200.00. Following the transaction, the chief executive officer owned 802,361 shares of the company's stock, valued at approximately $42,372,684.41. This trade represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.11% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. DA Davidson lowered their price target on KBR from $72.00 to $65.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Stifel Nicolaus boosted their price objective on KBR from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, August 1st. Wall Street Zen cut KBR from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group cut KBR from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $66.00 to $54.00 in a report on Wednesday, July 2nd. Finally, Citigroup decreased their price objective on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a report on Friday, April 25th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $62.78.

KBR Stock Down 0.4%

Shares of NYSE KBR traded down $0.18 during mid-day trading on Friday, hitting $49.65. The company had a trading volume of 1,135,411 shares, compared to its average volume of 1,654,417. The company has a market capitalization of $6.40 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The business's 50-day simple moving average is $48.74 and its 200 day simple moving average is $50.68.

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

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.