Systematic Financial Management LP Sells 10,039 Shares of KBR, Inc. $KBR

Key Points

• Systematic Financial Management LP reduced its holdings in KBR, Inc. by 1.3%, selling 10,039 shares and holding approximately 762,850 shares by the end of the latest quarter.
• KBR posted a quarterly earnings report showing an EPS of $0.91, which exceeded analysts' estimates of $0.88, alongside a revenue of $1.95 billion, slightly below predictions.
• The company recently announced a $0.165 per share dividend set to be paid on October 15th, which indicates an annualized dividend yield of 1.3%.

Systematic Financial Management LP trimmed its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 762,850 shares of the construction company's stock after selling 10,039 shares during the quarter. KBR comprises 1.1% of Systematic Financial Management LP's portfolio, making the stock its 21st largest holding. Systematic Financial Management LP owned about 0.59% of KBR worth $37,998,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. LRI Investments LLC acquired a new stake in KBR in the fourth quarter worth approximately $31,000. GAMMA Investing LLC lifted its position in KBR by 295.5% in the first 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. bought a new position in shares of KBR in the first quarter valued at $47,000. UMB Bank n.a. lifted its position in shares of KBR by 146.9% during the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock valued at $65,000 after acquiring an additional 780 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of KBR by 1,402.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,367 shares of the construction company's stock valued at $68,000 after acquiring an additional 1,276 shares during the last quarter. 97.02% of the stock is owned by institutional investors.

KBR Stock Performance

Shares of NYSE:KBR traded up $0.21 during midday trading on Tuesday, hitting $51.20. The company's stock had a trading volume of 1,193,987 shares, compared to its average volume of 1,555,676. KBR, Inc. has a fifty-two week low of $43.89 and a fifty-two week high of $72.60. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.02 and a beta of 0.76. The stock's 50 day simple moving average is $48.34 and its 200 day simple moving average is $50.49. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.13.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 earnings per share. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, research analysts anticipate 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 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, September 15th. KBR's payout ratio is presently 23.91%.

Insider Activity at KBR

In other news, CEO Stuart Bradie sold 20,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 802,361 shares of the company's stock, valued at $42,372,684.41. The trade was a 2.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KBR. Bank of America cut KBR from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $70.00 to $55.00 in a research report on Wednesday, August 13th. The Goldman Sachs Group lowered KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective for the company. in a report on Tuesday, May 27th. KeyCorp lowered KBR from an "overweight" rating to a "sector weight" rating in a report on Monday, June 23rd. Stifel Nicolaus increased 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. Finally, Wall Street Zen lowered KBR from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $62.78.

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.