Nuveen LLC Makes New Investment in KBR, Inc. $KBR

Key Points

• Nuveen LLC acquired a new stake in KBR, Inc. by purchasing 631,485 shares worth approximately $31.45 million, representing about 0.49% of the company.
• Several hedge funds, including Invesco Ltd. and Mitsubishi UFJ Asset Management, increased their positions in KBR during the same period, highlighting growing institutional interest in the company.
• Recent analysts' ratings have shifted negatively, with Bank of America and Goldman Sachs lowering their ratings to "neutral" and adjusting their price targets down to $55.

Nuveen LLC purchased a new position in shares of KBR, Inc. (NYSE:KBR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 631,485 shares of the construction company's stock, valued at approximately $31,454,000. Nuveen LLC owned 0.49% of KBR at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 594 shares during the period. Principal Financial Group Inc. grew its holdings in shares of KBR by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 307,121 shares of the construction company's stock worth $15,298,000 after purchasing an additional 1,343 shares during the period. Cerity Partners LLC grew its holdings in shares of KBR by 697.0% during the 1st quarter. Cerity Partners LLC now owns 27,314 shares of the construction company's stock worth $1,361,000 after purchasing an additional 23,887 shares during the period. KBC Group NV grew its holdings in shares of KBR by 4.8% during the 1st quarter. KBC Group NV now owns 5,703 shares of the construction company's stock worth $284,000 after purchasing an additional 260 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of KBR by 22.1% during the 1st quarter. Cetera Investment Advisers now owns 8,453 shares of the construction company's stock worth $421,000 after purchasing an additional 1,531 shares during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Stock Down 0.5%

Shares of NYSE KBR traded down $0.2570 during midday trading on Wednesday, hitting $49.6130. 1,008,484 shares of the company's stock were exchanged, compared to its average volume of 1,542,762. 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 twelve month low of $43.89 and a twelve month high of $72.60. The company has a market cap of $6.39 billion, a PE ratio of 17.98, a P/E/G ratio of 1.00 and a beta of 0.76. The firm's fifty day simple moving average is $48.62 and its 200-day simple moving average is $50.61.

KBR (NYSE:KBR - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share 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 business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter last year, the company earned $0.83 EPS. The business's quarterly revenue was up 5.7% on a year-over-year basis. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. Research analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

Insider Buying and Selling at KBR

In other 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.11% of the company's stock.

Wall Street Analyst Weigh In

KBR has been the subject of a number of research analyst reports. Wall Street Zen cut KBR from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. The Goldman Sachs Group cut KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price for the company. in a report on Tuesday, May 27th. UBS Group cut KBR from a "buy" rating to a "neutral" rating and lowered their target price for the company from $66.00 to $54.00 in a report on Wednesday, July 2nd. Bank of America cut KBR from a "buy" rating to a "neutral" rating and lowered their target price for the company from $70.00 to $55.00 in a report on Wednesday, August 13th. Finally, Stifel Nicolaus raised their target price on KBR from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, KBR presently has an average rating of "Hold" and an average target price of $62.78.

KBR 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.