Bayforest Capital Ltd Boosts Stock Position in KBR, Inc. (NYSE:KBR)

Bayforest Capital Ltd lifted its stake in shares of KBR, Inc. (NYSE:KBR) by 158.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,107 shares of the construction company’s stock after acquiring an additional 3,748 shares during the quarter. Bayforest Capital Ltd’s holdings in KBR were worth $304,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new position in shares of KBR in the fourth quarter valued at about $31,000. GAMMA Investing LLC raised its stake in 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 purchasing an additional 594 shares during the period. Harbor Capital Advisors Inc. purchased a new position in KBR in the 1st quarter worth approximately $47,000. UMB Bank n.a. boosted its stake in KBR by 146.9% in the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company’s stock worth $65,000 after purchasing an additional 780 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in KBR by 1,402.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,367 shares of the construction company’s stock worth $68,000 after purchasing an additional 1,276 shares during the period. 97.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 802,361 shares in the company, valued at $42,372,684.41. The trade was a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.11% of the company’s stock.

KBR Stock Performance

KBR stock opened at $46.71 on Friday. The company’s 50-day moving average price is $49.30 and its 200-day moving average price is $51.39. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.89. The company has a market cap of $6.06 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 0.87 and a beta of 0.74. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60.

KBR (NYSE:KBR) last issued 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. KBR had a return on equity of 32.55% and a net margin of 4.99%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, June 13th. KBR’s dividend payout ratio is presently 22.07%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KBR. Citigroup reduced their price objective on shares of KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. KeyCorp downgraded shares of KBR from an “overweight” rating to a “sector weight” rating in a report on Monday, June 23rd. Truist Financial dropped their price objective on shares of KBR from $70.00 to $60.00 and set a “buy” rating for the company in a report on Monday, April 14th. 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 research report on Tuesday, May 27th. Finally, Wall Street Zen downgraded KBR from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 7th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, KBR currently has an average rating of “Moderate Buy” and a consensus target price of $64.14.

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.