KBR, Inc. $KBR Stake Raised by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management has increased its stake in KBR, Inc. by 7.6%, acquiring an additional 5,461 shares, bringing their total ownership to approximately 77,016 shares worth $3.69 million.
• KBR recently reported an earnings per share (EPS) of $0.91 for the last quarter, exceeding analysts' expectations of $0.88, despite reporting revenue of $1.95 billion which fell short of the $2.10 billion forecast.
• The company declared a quarterly dividend of $0.165, providing a yield of 1.4%, with payout set for October 15 to shareholders on record as of September 15.

Wedge Capital Management L L P NC increased its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 7.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,016 shares of the construction company's stock after purchasing an additional 5,461 shares during the period. Wedge Capital Management L L P NC owned approximately 0.06% of KBR worth $3,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in KBR by 65.1% in the fourth quarter. Cetera Investment Advisers now owns 6,922 shares of the construction company's stock worth $401,000 after purchasing an additional 2,729 shares during the period. ProShare Advisors LLC raised its stake in KBR by 7.5% in the 4th quarter. ProShare Advisors LLC now owns 6,234 shares of the construction company's stock valued at $361,000 after acquiring an additional 434 shares during the period. Two Sigma Advisers LP grew its holdings in shares of KBR by 76.7% during the 4th quarter. Two Sigma Advisers LP now owns 45,600 shares of the construction company's stock worth $2,642,000 after purchasing an additional 19,800 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in KBR by 15.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 371,836 shares of the construction company's stock valued at $21,540,000 after purchasing an additional 50,805 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in KBR by 2,017.1% in the fourth quarter. Sunbelt Securities Inc. now owns 2,350 shares of the construction company's stock worth $135,000 after purchasing an additional 2,239 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Stock Down 0.3%

Shares of KBR traded down $0.13 during midday trading on Monday, reaching $48.65. 888,187 shares of the company were exchanged, compared to its average volume of 1,069,269. 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 market cap of $6.27 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 0.97 and a beta of 0.73. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The stock has a 50-day moving average price of $48.87 and a 200-day moving average price of $50.33.

KBR (NYSE:KBR - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. KBR had a net margin of 4.52% and a return on equity of 33.65%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The business's quarterly revenue was up 5.7% on a year-over-year basis. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. Research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid 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 1.4%. KBR's dividend payout ratio is presently 23.91%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KBR shares. Bank of America downgraded 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. Stifel Nicolaus boosted their price target on shares of KBR from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. KeyCorp lowered shares of KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday, June 23rd. DA Davidson decreased their price objective on shares of KBR from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Finally, The Goldman Sachs Group downgraded shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price for the company. in a research report on Tuesday, May 27th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, KBR has an average rating of "Hold" and an average 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.