Assenagon Asset Management S.A. Buys Shares of 85,953 KBR, Inc. $KBR

Assenagon Asset Management S.A. bought a new position in KBR, Inc. (NYSE:KBR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 85,953 shares of the construction company’s stock, valued at approximately $3,455,000. Assenagon Asset Management S.A. owned approximately 0.07% of KBR as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Hantz Financial Services Inc. lifted its position in shares of KBR by 207.8% in the third quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock worth $28,000 after buying an additional 401 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of KBR by 432.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after acquiring an additional 493 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of KBR in the 3rd quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd raised its stake in shares of KBR by 101,600.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,017 shares of the construction company’s stock valued at $48,000 after acquiring an additional 1,016 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in KBR by 98.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the construction company’s stock worth $59,000 after purchasing an additional 608 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Price Performance

Shares of KBR stock opened at $37.01 on Monday. KBR, Inc. has a 12 month low of $36.19 and a 12 month high of $56.78. The company has a market capitalization of $4.68 billion, a P/E ratio of 11.53, a P/E/G ratio of 2.18 and a beta of 0.50. The stock has a 50 day moving average of $40.79 and a two-hundred day moving average of $42.68. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.68.

KBR (NYSE:KBR) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $0.99 earnings per share (EPS) 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 business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the business posted $0.91 earnings per share. KBR’s quarterly revenue was down 10.6% on a year-over-year basis. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. As a group, equities analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, March 13th. KBR’s dividend payout ratio (DPR) is presently 20.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of KBR from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Wall Street Zen downgraded shares of KBR from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Weiss Ratings downgraded shares of KBR from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Truist Financial decreased their price target on shares of KBR from $62.00 to $50.00 and set a “buy” rating for the company in a report on Friday, December 19th. Finally, Oppenheimer initiated coverage on KBR in a research note on Tuesday, December 2nd. They set an “outperform” rating and a $60.00 target price for the company. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, KBR has a consensus rating of “Hold” and a consensus price target 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.