11,395 Shares in KBR, Inc. $KBR Bought by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA has made a new investment in KBR, Inc., purchasing 11,395 shares valued at approximately $568,000.
• KBR recently reported earnings of $0.91 per share, surpassing analysts' expectations and demonstrating a 5.7% increase in revenue compared to the previous year.
• The company also announced a quarterly dividend of $0.165 per share, equating to an annualized yield of 1.3%.

Petrus Trust Company LTA acquired a new position in shares of KBR, Inc. (NYSE:KBR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,395 shares of the construction company's stock, valued at approximately $568,000.

Several other hedge funds have also recently bought and sold shares of KBR. PharVision Advisers LLC raised its position in shares of KBR by 42.6% in the first quarter. PharVision Advisers LLC now owns 7,581 shares of the construction company's stock valued at $378,000 after buying an additional 2,266 shares in the last quarter. Nexpoint Asset Management L.P. acquired a new stake in shares of KBR in the first quarter valued at approximately $1,883,000. AQR Capital Management LLC raised its position in shares of KBR by 42.4% in the first quarter. AQR Capital Management LLC now owns 588,326 shares of the construction company's stock valued at $29,305,000 after buying an additional 175,127 shares in the last quarter. Amundi raised its position in shares of KBR by 7.3% in the first quarter. Amundi now owns 194,314 shares of the construction company's stock valued at $9,968,000 after buying an additional 13,169 shares in the last quarter. Finally, Cooperman Leon G raised its position in shares of KBR by 15.0% in the first quarter. Cooperman Leon G now owns 1,680,000 shares of the construction company's stock valued at $83,681,000 after buying an additional 218,598 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Price Performance

Shares of NYSE KBR traded up $0.06 during midday trading on Friday, reaching $49.54. 272,554 shares of the company were exchanged, compared to its average volume of 1,499,925. The stock's 50-day moving average price is $48.62 and its 200-day moving average price is $50.33. The stock has a market cap of $6.38 billion, a P/E ratio of 17.96, a PEG ratio of 0.99 and a beta of 0.73. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.73.

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. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $2.10 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. The company's revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, sell-side analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Announces Dividend

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

Insider Buying and Selling at KBR

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were 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. The trade was a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.11% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus lifted 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. Bank of America downgraded shares of KBR from a "buy" rating to a "neutral" rating and dropped their price target for the company from $70.00 to $55.00 in a research report on Wednesday, August 13th. UBS Group cut shares of 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 research note on Wednesday, July 2nd. 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 note on Tuesday, May 27th. Finally, KeyCorp cut shares of KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday, June 23rd. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.