Universal Beteiligungs und Servicegesellschaft mbH Acquires New Stake in KBR, Inc. (NYSE:KBR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in KBR, Inc., purchasing 14,061 shares valued at approximately $700,000 during the first quarter.
• Multiple institutional investors increased their stakes in KBR, with Balyasny Asset Management boosting its position by an astounding 444.8%, now holding over 1.2 million shares.
• KBR reported earnings per share (EPS) of $0.91 for the last quarter, beating expectations, but revenue of $1.95 billion missed estimates of $2.10 billion.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in KBR, Inc. (NYSE:KBR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,061 shares of the construction company's stock, valued at approximately $700,000.

A number of other large investors have also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. increased its stake in KBR by 10.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,218,482 shares of the construction company's stock valued at $128,517,000 after purchasing an additional 218,327 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in KBR by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,182,921 shares of the construction company's stock worth $126,452,000 after buying an additional 130,535 shares during the period. Wolf Hill Capital Management LP boosted its holdings in KBR by 7.3% in the fourth quarter. Wolf Hill Capital Management LP now owns 1,621,297 shares of the construction company's stock worth $93,922,000 after acquiring an additional 110,681 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in KBR by 444.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company's stock valued at $72,268,000 after acquiring an additional 1,018,539 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of KBR by 23.2% during the fourth quarter. Northern Trust Corp now owns 1,208,302 shares of the construction company's stock valued at $69,997,000 after acquiring an additional 227,251 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KBR has been the subject of several research reports. KeyCorp downgraded shares of KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. 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. Wall Street Zen cut KBR from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. Truist Financial dropped their price objective on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, DA Davidson reduced their target price on shares of KBR from $72.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $63.75.

Insider Buying and Selling at KBR

In related news, CEO Stuart Bradie sold 20,000 shares of the company'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 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 represents a 2.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.11% of the stock is owned by insiders.

KBR Stock Performance

Shares of KBR stock traded down $0.17 during trading hours on Wednesday, hitting $49.49. 722,415 shares of the company were exchanged, compared to its average volume of 1,547,490. KBR, Inc. has a 52-week low of $43.89 and a 52-week high of $72.60. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. The firm has a fifty day simple moving average of $49.09 and a 200 day simple moving average of $51.10. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 0.96 and a beta of 0.76.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.03. KBR had a return on equity of 33.65% and a net margin of 4.52%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same period last year, the business posted $0.83 earnings per share. The business's revenue for the quarter was up 5.7% on a year-over-year basis. Research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Announces Dividend

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

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.