Citigroup Inc. Has $3.76 Million Holdings in KBR, Inc. $KBR

Citigroup Inc. decreased its holdings in KBR, Inc. (NYSE:KBR) by 39.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,416 shares of the construction company’s stock after selling 50,777 shares during the period. Citigroup Inc. owned about 0.06% of KBR worth $3,756,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KBR. Personal CFO Solutions LLC acquired a new stake in KBR during the 3rd quarter valued at $204,000. Hillsdale Investment Management Inc. raised its position in shares of KBR by 26.2% in the third quarter. Hillsdale Investment Management Inc. now owns 76,200 shares of the construction company’s stock valued at $3,603,000 after purchasing an additional 15,800 shares during the period. Synovus Financial Corp raised its position in shares of KBR by 9.3% in the third quarter. Synovus Financial Corp now owns 16,713 shares of the construction company’s stock valued at $790,000 after purchasing an additional 1,420 shares during the period. Old West Investment Management LLC acquired a new stake in shares of KBR during the 3rd quarter worth about $329,000. Finally, Bessemer Group Inc. boosted its holdings in shares of KBR by 1,114.4% during the 3rd quarter. Bessemer Group Inc. now owns 7,493 shares of the construction company’s stock worth $355,000 after buying an additional 6,876 shares during the period. 97.02% of the stock is currently owned by institutional investors.

KBR Stock Performance

Shares of NYSE:KBR opened at $40.11 on Friday. KBR, Inc. has a 1 year low of $39.39 and a 1 year high of $56.78. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.03 and a beta of 0.50. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.22 and a quick ratio of 1.22. The company’s 50 day simple moving average is $42.40 and its 200 day simple moving average is $44.19.

KBR (NYSE:KBR) last issued its earnings results on Thursday, February 26th. The construction company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. KBR had a return on equity of 35.22% and a net margin of 5.30%.The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the business posted $0.91 EPS. The company’s revenue was down 10.6% compared to the same quarter last year. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. As a group, research analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, March 13th. KBR’s payout ratio is currently 20.56%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on KBR shares. Truist Financial cut their price objective on shares of KBR from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Bank of America lowered their target price on KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Wall Street Zen downgraded KBR from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Weiss Ratings cut KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 25th. Finally, Citigroup dropped their target price on KBR from $57.00 to $53.00 and set a “buy” rating for the company in a report on Monday, January 26th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $57.00.

KBR Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.