Universal Beteiligungs und Servicegesellschaft mbH Invests $700,000 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 purchased a new position in KBR, Inc. (NYSE:KBR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,061 shares of the construction company's stock, valued at approximately $700,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. boosted its holdings 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 worth $72,268,000 after purchasing an additional 1,018,539 shares in the last quarter. Hudson Way Capital Management LLC raised its position in shares of KBR by 128.3% in the fourth quarter. Hudson Way Capital Management LLC now owns 1,053,710 shares of the construction company's stock valued at $61,041,000 after purchasing an additional 592,063 shares during the period. Charter Oak Advisors LP acquired a new position in KBR in the 4th quarter valued at $26,856,000. J. Goldman & Co LP acquired a new position in shares of KBR during the 4th quarter worth about $26,128,000. Finally, Eisler Capital Management Ltd. acquired a new position in shares of KBR during the fourth quarter worth approximately $20,162,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Price Performance

KBR stock traded down $0.26 during trading on Friday, hitting $46.48. The company had a trading volume of 2,488,669 shares, compared to its average volume of 1,515,458. The company has a market cap of $5.99 billion, a P/E ratio of 16.84, a P/E/G ratio of 0.98 and a beta of 0.76. 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 company has a fifty day moving average price of $49.21 and a two-hundred day moving average price of $51.18. KBR, Inc. has a fifty-two week low of $43.89 and a fifty-two 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 the consensus estimate of $0.88 by $0.03. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.10 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. The company's revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. Equities research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a yield of 1.4%. KBR's dividend payout ratio is currently 23.91%.

Insider Buying and Selling

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were 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 in the company, valued at approximately $42,372,684.41. This trade represents a 2.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

KBR has been the topic of a number of research reports. The Goldman Sachs Group lowered shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price on the stock. in a research report on Tuesday, May 27th. Stifel Nicolaus increased their target price on shares of KBR from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday. DA Davidson lowered their price target on KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a research note on Friday. KeyCorp downgraded KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Finally, Truist Financial lowered their price objective on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.