Russell Investments Group Ltd. Sells 115,010 Shares of KBR, Inc. $KBR

Key Points

• Russell Investments Group Ltd. reduced its holdings in KBR, Inc. by 26.4%, selling 115,010 shares and now owning approximately 320,283 shares valued at about $15.95 million.
• Several hedge funds made significant adjustments to their KBR positions, with Balyasny Asset Management increasing its holdings by 444.8% in the last quarter.
• KBR's stock has seen a recent price target adjustment from various analysts, with DA Davidson reducing it from $72.00 to $65.00, while the average consensus rating remains a "Hold" with a target price of $62.78.

Russell Investments Group Ltd. decreased its stake in KBR, Inc. (NYSE:KBR - Free Report) by 26.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 320,283 shares of the construction company's stock after selling 115,010 shares during the period. Russell Investments Group Ltd. owned 0.25% of KBR worth $15,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in KBR. CCM Investment Group LLC bought a new position in KBR during the 1st quarter worth approximately $295,000. Nuveen LLC acquired a new position in KBR in the first quarter valued at $31,454,000. Entropy Technologies LP bought a new stake in KBR during the first quarter valued at $1,097,000. Invesco Ltd. raised its position 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 worth $245,347,000 after acquiring an additional 683,280 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of KBR by 41.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 31,707 shares of the construction company's stock valued at $1,579,000 after purchasing an additional 9,216 shares during the period. 97.02% of the stock is currently owned by institutional investors.

KBR Stock Down 0.5%

NYSE:KBR traded down $0.2570 during trading hours on Wednesday, hitting $49.6130. 1,008,484 shares of the company traded hands, compared to its average volume of 1,542,762. 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. The company has a market cap of $6.39 billion, a PE ratio of 17.98, a PEG ratio of 1.00 and a beta of 0.76. The firm's 50-day simple moving average is $48.62 and its 200-day simple moving average is $50.61.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.03. KBR had a net margin of 4.52% and a return on equity of 33.65%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the firm earned $0.83 earnings per share. The firm's revenue was up 5.7% on a year-over-year basis. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. Equities analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

Analyst Ratings Changes

KBR has been the subject of a number of research analyst reports. Citigroup lowered their target price on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a report on Friday, April 25th. Bank of America cut shares of KBR from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $70.00 to $55.00 in a report on Wednesday, August 13th. UBS Group lowered shares of KBR from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $66.00 to $54.00 in a report on Wednesday, July 2nd. The Goldman Sachs Group lowered KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price for the company. in a research report on Tuesday, May 27th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average 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 KBR stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the sale, the chief executive officer directly owned 802,361 shares in the company, 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 SEC, which can be accessed through this link. Company insiders own 1.11% of the company's stock.

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.