Nierenberg Investment Management Company LLC Takes $13.34 Billion Position in KBR, Inc. $KBR

Key Points

• Nierenberg Investment Management acquired 386,443 KBR shares worth approximately $13.34 billion, making KBR its sixth-largest holding and representing about 6.6% of its portfolio.
• KBR exceeded quarterly expectations, reporting $0.99 EPS and $1.98 billion in revenue, while maintaining fiscal 2026 EPS guidance of $3.87–$4.22. Analysts’ consensus rating remains “Hold,” with an average price target of $46.67.
• KBR declared a quarterly dividend of $0.165 per share, equivalent to $0.66 annually and a 1.7% yield; the dividend is payable October 15 to shareholders of record September 15.

Nierenberg Investment Management Company LLC bought a new position in KBR, Inc. (NYSE:KBR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 386,443 shares of the construction company's stock, valued at approximately $13,343,877,000. KBR comprises about 6.6% of Nierenberg Investment Management Company LLC's investment portfolio, making the stock its 6th biggest holding. Nierenberg Investment Management Company LLC owned 0.31% of KBR at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KBR. Farther Finance Advisors LLC boosted its position in KBR by 89.8% in the fourth quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company's stock valued at $25,000 after buying an additional 289 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of KBR by 432.5% during the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company's stock worth $29,000 after buying an additional 493 shares in the last quarter. Anchor Investment Management LLC increased its holdings in shares of KBR by 27.5% during the first quarter. Anchor Investment Management LLC now owns 1,275 shares of the construction company's stock worth $47,000 after buying an additional 275 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of KBR by 101,600.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,017 shares of the construction company's stock valued at $48,000 after acquiring an additional 1,016 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of KBR in the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 97.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on KBR shares. UBS Group increased their price target on KBR from $36.00 to $41.00 and gave the stock a "neutral" rating in a research report on Monday, August 10th. Bank of America cut their price objective on KBR from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Monday, July 20th. Weiss Ratings reissued a "sell (d+)" rating on shares of KBR in a research note on Wednesday, June 24th. Wall Street Zen upgraded KBR from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Finally, Citigroup cut their price target on KBR from $50.00 to $49.00 and set a "buy" rating for the company in a report on Friday, July 31st. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $46.67.

KBR Stock Up 0.9%

Shares of KBR opened at $37.96 on Thursday. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 2.04 and a beta of 0.44. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.15 and a current ratio of 1.15. The business's fifty day moving average price is $35.82 and its two-hundred day moving average price is $36.81. KBR, Inc. has a 52 week low of $29.94 and a 52 week high of $52.23.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Thursday, July 30th. The construction company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.09. KBR had a return on equity of 32.55% and a net margin of 5.49%.The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The firm's quarterly revenue was up 1.6% on a year-over-year basis. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. On average, analysts predict that KBR, Inc. will post 4 earnings per share for the current year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 15th. KBR's payout ratio is currently 19.88%.

KBR News Summary

Here are the key news stories impacting KBR this week:

• Positive Sentiment: KBR’s board declared a regular quarterly dividend of $0.165 per share, payable October 15, 2026, to shareholders of record on September 15. The payment signals continued confidence in the company’s cash generation and commitment to shareholder returns. At the reference share price, the dividend implies an annualized payout of approximately $0.66 per share. KBR Dividend Declaration
• Positive Sentiment: The accompanying data cited two recent open-market insider purchases, including a purchase by Chief Financial Officer Shad Evans. Insider buying can modestly improve investor sentiment, although it is not a guarantee of future performance. KBR Declares Quarterly Dividend
• Neutral Sentiment: Recent earnings momentum remains supportive: KBR previously reported quarterly earnings and revenue above analyst expectations and maintained fiscal 2026 EPS guidance of $3.87 to $4.22. However, the dividend announcement did not include new earnings guidance or operating updates.
• Neutral Sentiment: Multiple reports about one-way traffic restrictions around KBR Park in Hyderabad concern a public park and local traffic-management measures, not KBR, Inc. They should not affect the company’s stock or fundamentals. Traffic around KBR Park in Hyderabad

KBR Company Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.

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