State of Alaska Department of Revenue Has $700,000 Stock Position in KBR, Inc. $KBR

State of Alaska Department of Revenue lowered its stake in KBR, Inc. (NYSE:KBR) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,605 shares of the construction company’s stock after selling 1,000 shares during the quarter. State of Alaska Department of Revenue’s holdings in KBR were worth $700,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of KBR by 37.5% in the second quarter. GAMMA Investing LLC now owns 1,093 shares of the construction company’s stock valued at $52,000 after acquiring an additional 298 shares during the last quarter. Sowell Financial Services LLC increased its position in shares of KBR by 8.5% in the second quarter. Sowell Financial Services LLC now owns 11,296 shares of the construction company’s stock valued at $542,000 after acquiring an additional 888 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of KBR by 7.6% in the second quarter. Wedge Capital Management L L P NC now owns 77,016 shares of the construction company’s stock valued at $3,692,000 after acquiring an additional 5,461 shares during the last quarter. UMB Bank n.a. increased its position in shares of KBR by 34.3% in the second quarter. UMB Bank n.a. now owns 1,761 shares of the construction company’s stock valued at $84,000 after acquiring an additional 450 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new position in KBR during the second quarter worth about $222,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Bank of America cut KBR from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $70.00 to $55.00 in a report on Wednesday, August 13th. KeyCorp cut KBR from an “overweight” rating to a “sector weight” rating in a report on Monday, June 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of KBR in a report on Saturday, September 27th. Wall Street Zen upgraded KBR from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, DA Davidson reduced their price objective on KBR from $72.00 to $65.00 and set a “buy” rating for the company in a report on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, KBR currently has an average rating of “Hold” and a consensus target price of $62.78.

KBR Stock Down 1.2%

NYSE KBR opened at $46.89 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The company has a 50 day moving average of $49.04 and a 200-day moving average of $50.09. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 0.94 and a beta of 0.68.

KBR (NYSE:KBR) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, beating 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 business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, equities research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, September 15th. KBR’s payout ratio is currently 23.91%.

KBR 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.