Quantbot Technologies LP Has $712,000 Position in KBR, Inc. $KBR

Key Points

• Quantbot Technologies LP has reduced its holdings in KBR, Inc. by 49.6%, selling 14,040 shares, which leaves them with 14,292 shares worth approximately $712,000.
• CEO Stuart Bradie sold 20,000 shares at an average price of $52.81, decreasing his ownership by 2.43% while retaining 802,361 shares valued at about $42.37 million.
• Brokerages have downgraded KBR's stock ratings, with Bank of America and Goldman Sachs both moving from "buy" to "neutral," and analysts now have a consensus rating of "Hold" with a price target of $62.78.

Quantbot Technologies LP trimmed its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 49.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,292 shares of the construction company's stock after selling 14,040 shares during the quarter. Quantbot Technologies LP's holdings in KBR were worth $712,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in KBR by 295.5% in the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock valued at $40,000 after purchasing an additional 594 shares during the period. Principal Financial Group Inc. boosted its stake in 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 acquiring an additional 1,343 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of KBR by 697.0% during the first quarter. Cerity Partners LLC now owns 27,314 shares of the construction company's stock worth $1,361,000 after buying an additional 23,887 shares during the period. KBC Group NV boosted its stake in shares of KBR by 4.8% during the first quarter. KBC Group NV now owns 5,703 shares of the construction company's stock worth $284,000 after buying an additional 260 shares during the period. Finally, Cetera Investment Advisers raised its holdings in KBR by 22.1% during the first 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 in the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on KBR shares. DA Davidson dropped their target price on shares of KBR from $72.00 to $65.00 and set a "buy" rating for the company in a report on Friday, August 1st. Stifel Nicolaus lifted their target price on shares of KBR from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wall Street Zen cut shares of KBR from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Bank of America cut shares of KBR from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $70.00 to $55.00 in a research report on Wednesday, August 13th. Finally, The Goldman Sachs Group lowered shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective on the stock. in a report on Tuesday, May 27th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, KBR has a consensus rating of "Hold" and a consensus price target of $62.78.

Insider Buying and Selling

In related news, CEO Stuart Bradie sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total value of $1,056,200.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.11% of the company's stock.

KBR Price Performance

NYSE:KBR traded down $0.38 during trading hours on Thursday, reaching $51.23. 1,081,500 shares of the company's stock were exchanged, compared to its average volume of 1,525,387. The company has a market capitalization of $6.60 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 1.03 and a beta of 0.76. KBR, Inc. has a 12 month low of $43.89 and a 12 month 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. The business's 50-day simple moving average is $48.32 and its two-hundred day simple moving average is $50.50.

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 analysts' consensus estimates of $0.88 by $0.03. The firm had revenue of $1.95 billion during 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 firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.83 earnings per share. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. Sell-side analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid 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 yield of 1.3%. KBR's dividend payout ratio (DPR) is currently 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.