Pacific Capital Partners Ltd Trims Stake in KBR, Inc. $KBR

Key Points

• Pacific Capital Partners Ltd reduced its stake in KBR, Inc. by 82.6%, selling 47,500 shares and now holding only 10,000, valued at $479,000.
• Multiple institutional investors, including Invesco Ltd and Boston Partners, increased their positions in KBR, with Invesco raising its holdings by 16.1% in the first quarter.
• KBR recently announced a quarterly dividend of $0.165 per share, resulting in an annualized dividend yield of 1.3% and a payout ratio of 23.91%.

Pacific Capital Partners Ltd lowered its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 82.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,000 shares of the construction company's stock after selling 47,500 shares during the quarter. Pacific Capital Partners Ltd's holdings in KBR were worth $479,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Invesco Ltd. raised its holdings in shares of KBR by 16.1% in the 1st quarter. Invesco Ltd. now owns 4,925,667 shares of the construction company's stock valued at $245,347,000 after buying an additional 683,280 shares during the period. Boston Partners raised its holdings in shares of KBR by 35.2% in the 1st quarter. Boston Partners now owns 4,384,527 shares of the construction company's stock valued at $218,648,000 after buying an additional 1,142,111 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of KBR by 11.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,427,015 shares of the construction company's stock valued at $120,891,000 after buying an additional 244,094 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of KBR by 6.8% in the 1st quarter. Neuberger Berman Group LLC now owns 2,114,109 shares of the construction company's stock valued at $105,325,000 after buying an additional 133,992 shares during the period. Finally, Cooperman Leon G increased its holdings in KBR by 15.0% during the 1st quarter. Cooperman Leon G now owns 1,680,000 shares of the construction company's stock worth $83,681,000 after purchasing an additional 218,598 shares during the period. Hedge funds and other institutional investors own 97.02% of the company's stock.

Insider Activity

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

KBR Trading Down 0.0%

NYSE:KBR opened at $49.46 on Friday. The stock has a 50-day simple moving average of $48.66 and a 200-day simple moving average of $50.35. The stock has a market cap of $6.37 billion, a P/E ratio of 17.92, a P/E/G ratio of 0.98 and a beta of 0.73. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.13.

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

KBR Dividend Announcement

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

Analyst Upgrades and Downgrades

KBR has been the topic of several recent research reports. The Goldman Sachs Group downgraded KBR from a "buy" rating to a "neutral" rating and set a $55.00 price target on the stock. in a report on Tuesday, May 27th. Stifel Nicolaus upped their price target on KBR from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, August 1st. DA Davidson cut their price target on KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Bank of America downgraded KBR from a "buy" rating to a "neutral" rating and cut their price target for the stock from $70.00 to $55.00 in a report on Wednesday, August 13th. Finally, Wall Street Zen upgraded KBR from a "hold" rating to a "buy" rating in a report on Saturday. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus 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.

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