KBR, Inc. $KBR Shares Purchased by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in KBR, Inc. by 146.5%, acquiring an additional 124,701 shares in the first quarter, raising its total ownership to 209,830 shares valued at $10.45 million.
• Several institutional investors, including Boston Partners and Balyasny Asset Management, have also significantly increased their positions in KBR, with institutional ownership rising to 97.02%.
• KBR’s stock has been downgraded to a "neutral" rating by multiple analysts, leading to target price reductions; the current consensus rating is "Hold" with a target price of $62.78.

Vident Advisory LLC increased its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 146.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 209,830 shares of the construction company's stock after acquiring an additional 124,701 shares during the period. Vident Advisory LLC owned approximately 0.16% of KBR worth $10,452,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. LRI Investments LLC acquired a new stake in shares of KBR during the 4th quarter valued at about $31,000. GAMMA Investing LLC grew its position in shares of KBR by 295.5% during the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock valued at $40,000 after acquiring an additional 594 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of KBR during the 1st quarter valued at about $47,000. UMB Bank n.a. grew 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 period. Finally, Fifth Third Bancorp grew its position in shares of KBR by 25.2% during the 1st quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock valued at $68,000 after acquiring an additional 275 shares during the period. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. DA Davidson lowered their price objective on KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Wall Street Zen cut KBR from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group cut KBR from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $66.00 to $54.00 in a report on Wednesday, July 2nd. Stifel Nicolaus lifted 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, The Goldman Sachs Group cut KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective on the stock. in a report on Tuesday, May 27th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $62.78.

KBR Price Performance

KBR traded down $0.34 during trading on Wednesday, reaching $49.90. The company's stock had a trading volume of 1,232,279 shares, compared to its average volume of 1,516,025. 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 firm has a fifty day simple moving average of $48.43 and a two-hundred day simple moving average of $50.40. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.00 and a beta of 0.73.

KBR (NYSE:KBR - Get Free Report) last released its earnings results 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 business had revenue of $1.95 billion for 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 business's revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.165 per share. 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 KBR 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.