Public Employees Retirement System of Ohio Lowers Stock Position in KBR, Inc. $KBR

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in KBR, Inc. by 15.8%, now holding 39,884 shares worth approximately $1.91 million after selling 7,499 shares in Q2.
• Several hedge funds have increased their positions in KBR recently, with GAMMA Investing LLC's stake jumping by 295.5% during Q1.
• KBR announced a quarterly dividend of $0.165 per share, translating to an annualized amount of $0.66 and a 1.4% dividend yield.

Public Employees Retirement System of Ohio lessened its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 15.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,884 shares of the construction company's stock after selling 7,499 shares during the quarter. Public Employees Retirement System of Ohio's holdings in KBR were worth $1,912,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in KBR by 295.5% during the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after buying an additional 594 shares during the period. Principal Financial Group Inc. boosted its stake in shares of KBR by 0.4% in the first quarter. Principal Financial Group Inc. now owns 307,121 shares of the construction company's stock valued at $15,298,000 after purchasing an additional 1,343 shares during the period. Cerity Partners LLC boosted its stake in shares of KBR by 697.0% in the first quarter. Cerity Partners LLC now owns 27,314 shares of the construction company's stock valued at $1,361,000 after purchasing an additional 23,887 shares during the period. KBC Group NV boosted its stake in shares of KBR by 4.8% in the first quarter. KBC Group NV now owns 5,703 shares of the construction company's stock valued at $284,000 after purchasing an additional 260 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of KBR by 22.1% in the first quarter. Cetera Investment Advisers now owns 8,453 shares of the construction company's stock valued at $421,000 after purchasing an additional 1,531 shares during the period. Hedge funds and other institutional investors own 97.02% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KBR. Stifel Nicolaus raised their price objective on shares of KBR from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Wall Street Zen raised shares of KBR from a "hold" rating to a "buy" rating in a research note on Friday. DA Davidson reduced their target price on shares of KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of KBR in a report on Saturday, September 27th. Finally, KeyCorp cut shares of KBR from an "overweight" rating to a "sector weight" rating in a report on Monday, June 23rd. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $62.78.

KBR Stock Performance

Shares of KBR stock opened at $47.35 on Friday. The firm's fifty day simple moving average is $49.02 and its 200-day simple moving average is $50.13. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 0.94 and a beta of 0.68. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60. 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 (NYSE:KBR - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.03. The business 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 quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 EPS. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, equities analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, September 15th. KBR's payout ratio is presently 23.91%.

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.

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