Wellington Management Group LLP Has $63.10 Million Stock Holdings in KBR, Inc. $KBR

Key Points

• Wellington Management Group LLP reduced its holdings in KBR, Inc. by 23.4% in the 1st quarter, owning approximately $63.10 million worth of shares after selling 386,416 shares.
• KBR's CEO, Stuart Bradie, sold 20,000 shares at an average price of $52.81, decreasing his position by 2.43% and retaining approximately $42.37 million in stock.
• KBR declared a quarterly dividend of $0.165 per share, yielding 1.3%, with an ex-dividend date set for September 15th.

Wellington Management Group LLP cut its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 23.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,266,883 shares of the construction company's stock after selling 386,416 shares during the quarter. Wellington Management Group LLP owned about 0.98% of KBR worth $63,103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. LRI Investments LLC acquired a new position in shares of KBR in the 4th quarter valued at approximately $31,000. GAMMA Investing LLC grew its position in shares of KBR by 295.5% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock valued at $40,000 after purchasing an additional 594 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of KBR in the 1st quarter valued at approximately $47,000. UMB Bank n.a. grew its position in shares of KBR by 146.9% in the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock valued at $65,000 after purchasing an additional 780 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of KBR by 25.2% in the 1st quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock valued at $68,000 after purchasing an additional 275 shares during the period. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Stuart Bradie sold 20,000 shares of the stock in a transaction 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 sale, the chief executive officer owned 802,361 shares in the company, valued at approximately $42,372,684.41. This represents a 2.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.11% of the company's stock.

KBR Stock Up 2.8%

KBR opened at $50.9860 on Friday. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The stock's fifty day simple moving average is $48.42 and its 200 day simple moving average is $50.56. 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 stock has a market cap of $6.57 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings results 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. KBR had a return on equity of 33.65% and a net margin of 4.52%.The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $2.10 billion. During the same quarter in the prior year, the business earned $0.83 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

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 $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, September 15th. KBR's dividend payout ratio is 23.91%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KBR. KeyCorp lowered KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Stifel Nicolaus boosted their price objective 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. UBS Group cut shares of KBR from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $66.00 to $54.00 in a report on Wednesday, July 2nd. Bank of America lowered shares of KBR from a "buy" rating to a "neutral" rating and lowered their price target for the company from $70.00 to $55.00 in a research note on Wednesday, August 13th. Finally, Wall Street Zen cut KBR from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.

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