KBR, Inc. (NYSE:KBR) Shares Bought by R Squared Ltd

Key Points

• R Squared Ltd significantly increased its holdings in KBR, Inc. by 312.8% during the first quarter, owning 7,430 shares valued at $370,000 at the end of the reporting period.
• CEO Stuart Bradie sold 20,000 shares of KBR stock for over $1 million, representing a decrease in his stake, although he still holds around 802,361 shares.
• KBR recently reported a quarterly earnings per share of $0.91, exceeding analysts' expectations, but its revenue of $1.95 billion fell short of the consensus estimate of $2.10 billion.

R Squared Ltd increased its position in KBR, Inc. (NYSE:KBR - Free Report) by 312.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,430 shares of the construction company's stock after acquiring an additional 5,630 shares during the quarter. R Squared Ltd's holdings in KBR were worth $370,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. US Bancorp DE raised its stake in shares of KBR by 13.5% during the first quarter. US Bancorp DE now owns 2,260 shares of the construction company's stock worth $113,000 after acquiring an additional 268 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of KBR by 13.0% during the first quarter. Natixis Advisors LLC now owns 36,596 shares of the construction company's stock worth $1,823,000 after acquiring an additional 4,217 shares in the last quarter. Pacific Capital Partners Ltd purchased a new position in shares of KBR during the first quarter worth approximately $2,864,000. Bayforest Capital Ltd raised its stake in shares of KBR by 158.9% during the first quarter. Bayforest Capital Ltd now owns 6,107 shares of the construction company's stock worth $304,000 after acquiring an additional 3,748 shares in the last quarter. Finally, Vestcor Inc raised its stake in shares of KBR by 174.0% during the first quarter. Vestcor Inc now owns 9,392 shares of the construction company's stock worth $468,000 after acquiring an additional 5,964 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors.

KBR Trading Up 2.9%

Shares of NYSE:KBR traded up $1.39 on Tuesday, hitting $49.47. 829,550 shares of the company's stock were exchanged, compared to its average volume of 1,543,578. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 0.98 and a beta of 0.76. 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 12 month low of $43.89 and a 12 month high of $72.60. The business's 50 day simple moving average is $49.15 and its two-hundred day simple moving average is $51.11.

KBR (NYSE:KBR - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. Analysts anticipate that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, June 13th. KBR's payout ratio is 23.91%.

Insider Transactions at KBR

In other KBR 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 value of $1,056,200.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KBR. Wall Street Zen downgraded shares of KBR from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 7th. Citigroup reduced their target price on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. UBS Group cut shares of KBR from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $66.00 to $54.00 in a research note on Wednesday, July 2nd. DA Davidson dropped their price target on shares of KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Truist Financial dropped their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $63.75.

KBR Company 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.