KBR, Inc. $KBR Shares Sold by Samlyn Capital LLC

Key Points

• Samlyn Capital LLC reduced its stake in KBR, Inc. by 22.1%, selling 91,306 shares and retaining approximately 0.25% of the company worth $16.06 million.
• A number of institutional investors have adjusted their positions, with significant increases from GAMMA Investing LLC (up 295.5%) and UMB Bank n.a. (up 146.9%) during the first quarter.
• Recent analyst ratings have been mixed, with UBS and Goldman Sachs downgrading KBR, while Stifel Nicolaus raised their price target to $80, resulting in an average consensus target price of $62.78.

Samlyn Capital LLC lessened its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 22.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 322,376 shares of the construction company's stock after selling 91,306 shares during the quarter. Samlyn Capital LLC owned approximately 0.25% of KBR worth $16,058,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of KBR. LRI Investments LLC bought a new position in KBR in the 4th quarter valued at $31,000. GAMMA Investing LLC increased its holdings in KBR by 295.5% during the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after purchasing an additional 594 shares during the period. Harbor Capital Advisors Inc. purchased a new position in KBR during the 1st quarter worth $47,000. UMB Bank n.a. increased its holdings in KBR by 146.9% during the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock worth $65,000 after purchasing an additional 780 shares during the period. Finally, Fifth Third Bancorp increased its holdings in KBR by 25.2% during the 1st quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock worth $68,000 after purchasing an additional 275 shares during the period. Institutional investors own 97.02% of the company's stock.

Insider Buying and Selling

In other KBR news, CEO Stuart Bradie sold 20,000 shares of KBR stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.11% of the company's stock.

KBR Stock Up 0.0%

NYSE KBR traded up $0.02 during midday trading on Tuesday, hitting $49.29. 736,361 shares of the company traded hands, compared to its average volume of 1,060,369. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $6.35 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 0.98 and a beta of 0.73. The company's 50-day simple moving average is $48.54 and its 200-day simple moving average is $50.34. KBR, Inc. has a 52 week low of $43.89 and a 52 week high of $72.60.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data 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 return on equity of 33.65% and a net margin of 4.52%.The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, equities research analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a dividend of $0.165 per share. 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 payout ratio is currently 23.91%.

Analyst Ratings Changes

Several research firms have commented on KBR. Stifel Nicolaus raised their price objective on KBR from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Wall Street Zen downgraded KBR from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Bank of America downgraded KBR from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $70.00 to $55.00 in a report on Wednesday, August 13th. DA Davidson dropped their target price on KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Finally, KeyCorp cut KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $62.78.

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.