GAMMA Investing LLC Grows Stake in KBR, Inc. $KBR

GAMMA Investing LLC grew its holdings in KBR, Inc. (NYSE:KBR) by 37.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,093 shares of the construction company’s stock after acquiring an additional 298 shares during the quarter. GAMMA Investing LLC’s holdings in KBR were worth $52,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KBR. Wealth Enhancement Advisory Services LLC increased its holdings in shares of KBR by 26.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,776 shares of the construction company’s stock valued at $335,000 after acquiring an additional 1,210 shares during the last quarter. UMB Bank n.a. increased its holdings 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 acquiring an additional 780 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of KBR by 18.6% in the 1st quarter. Wedge Capital Management L L P NC now owns 71,555 shares of the construction company’s stock valued at $3,564,000 after acquiring an additional 11,241 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of KBR by 1,402.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,367 shares of the construction company’s stock valued at $68,000 after acquiring an additional 1,276 shares during the last quarter. Finally, Cetera Trust Company N.A increased its holdings in shares of KBR by 5.6% in the 1st quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company’s stock valued at $188,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Up 0.5%

KBR stock opened at $47.35 on Friday. 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 50 day moving average of $49.02 and a two-hundred day moving average of $50.13. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 0.94 and a beta of 0.68. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60.

KBR (NYSE:KBR) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.83 EPS. 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. Stockholders of record on Monday, September 15th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, September 15th. KBR’s dividend payout ratio (DPR) is currently 23.91%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. UBS Group downgraded KBR from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $66.00 to $54.00 in a research note on Wednesday, July 2nd. Stifel Nicolaus raised their price target on KBR from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. KeyCorp downgraded KBR from an “overweight” rating to a “sector weight” rating in a research note on Monday, June 23rd. Wall Street Zen upgraded KBR from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of KBR in a research note on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, KBR has an average rating of “Hold” and a consensus target price 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.