Hsbc Holdings PLC Buys 1,938 Shares of KBR, Inc. $KBR

Hsbc Holdings PLC boosted its stake in KBR, Inc. (NYSE:KBR) by 11.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,477 shares of the construction company’s stock after purchasing an additional 1,938 shares during the period. Hsbc Holdings PLC’s holdings in KBR were worth $919,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KBR. Mariner LLC lifted its stake in KBR by 8.7% in the 4th quarter. Mariner LLC now owns 5,227 shares of the construction company’s stock valued at $303,000 after purchasing an additional 420 shares during the last quarter. Northern Trust Corp lifted its stake in KBR by 23.2% in the 4th quarter. Northern Trust Corp now owns 1,208,302 shares of the construction company’s stock valued at $69,997,000 after purchasing an additional 227,251 shares during the last quarter. AQR Capital Management LLC lifted its stake in KBR by 18.7% in the 4th quarter. AQR Capital Management LLC now owns 413,199 shares of the construction company’s stock valued at $23,846,000 after purchasing an additional 64,991 shares during the last quarter. Utah Retirement Systems lifted its stake in KBR by 2.9% in the 4th quarter. Utah Retirement Systems now owns 7,200 shares of the construction company’s stock valued at $417,000 after purchasing an additional 200 shares during the last quarter. Finally, Comerica Bank lifted its stake in KBR by 13.8% in the 4th quarter. Comerica Bank now owns 68,789 shares of the construction company’s stock valued at $3,985,000 after purchasing an additional 8,325 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

Insider Buying and Selling at KBR

In other news, CEO Stuart Bradie sold 20,000 shares of the 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 completion of the sale, the chief executive officer directly owned 802,361 shares in the company, valued at $42,372,684.41. This represents a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.11% of the stock is currently owned by company insiders.

KBR Trading Down 1.5%

KBR opened at $50.50 on Friday. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60. 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 company has a fifty day moving average of $48.32 and a 200-day moving average of $50.42. The stock has a market cap of $6.51 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.00 and a beta of 0.76.

KBR (NYSE:KBR) 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. KBR had a net margin of 4.52% and a return on equity of 33.65%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the prior year, the company posted $0.83 earnings per share. KBR’s revenue for the quarter was up 5.7% compared to the same quarter last year. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, sell-side analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, September 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.3%. KBR’s dividend payout ratio is 23.91%.

Analyst Ratings Changes

Several brokerages recently commented on KBR. Bank of America downgraded shares of KBR from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $70.00 to $55.00 in a research note on Wednesday, August 13th. DA Davidson decreased their price target on shares of KBR from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, August 1st. KeyCorp cut shares of KBR from an “overweight” rating to a “sector weight” rating in a research report on Monday, June 23rd. UBS Group cut shares of KBR from a “buy” rating to a “neutral” rating and decreased their price target for the company from $66.00 to $54.00 in a research report on Wednesday, July 2nd. Finally, Stifel Nicolaus upped their price target on shares of KBR from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, KBR currently 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.