Carlos Sabater Buys 14,500 Shares of KBR (NYSE:KBR) Stock
by Doug Wharley · The Cerbat GemKBR, Inc. (NYSE:KBR – Get Free Report) Director Carlos Sabater acquired 14,500 shares of the stock in a transaction on Tuesday, May 19th. The shares were purchased at an average price of $32.47 per share, for a total transaction of $470,815.00. Following the completion of the transaction, the director owned 35,705 shares in the company, valued at approximately $1,159,341.35. This represents a 68.38% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
KBR Trading Down 0.9%
NYSE KBR traded down $0.30 on Thursday, hitting $32.04. 1,162,926 shares of the stock were exchanged, compared to its average volume of 1,543,668. KBR, Inc. has a 52-week low of $29.94 and a 52-week high of $54.38. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 10.23, a P/E/G ratio of 1.88 and a beta of 0.47. The company’s 50-day moving average price is $35.85 and its two-hundred day moving average price is $39.94.
KBR (NYSE:KBR – Get Free Report) last issued its earnings results on Tuesday, May 5th. The construction company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. KBR had a net margin of 5.21% and a return on equity of 33.92%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $1.01 EPS. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Research analysts predict that KBR, Inc. will post 4 EPS for the current year.
KBR Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.1%. KBR’s dividend payout ratio (DPR) is 21.09%.
Analysts Set New Price Targets
A number of brokerages have issued reports on KBR. Citigroup decreased their target price on shares of KBR from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Wells Fargo & Company decreased their target price on shares of KBR from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, April 13th. Weiss Ratings lowered shares of KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. Zacks Research raised shares of KBR from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Finally, UBS Group decreased their target price on shares of KBR from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $53.44.
Institutional Investors Weigh In On KBR
Several institutional investors and hedge funds have recently modified their holdings of KBR. Royal Bank of Canada raised its holdings in KBR by 11.2% in the 1st quarter. Royal Bank of Canada now owns 81,779 shares of the construction company’s stock worth $4,073,000 after acquiring an additional 8,243 shares during the period. Goldman Sachs Group Inc. raised its holdings in KBR by 50.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 627,321 shares of the construction company’s stock worth $31,247,000 after acquiring an additional 211,311 shares during the period. Empowered Funds LLC bought a new position in KBR in the 1st quarter worth $349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in KBR by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 395,574 shares of the construction company’s stock worth $19,704,000 after acquiring an additional 23,738 shares during the period. Finally, American Century Companies Inc. raised its holdings in KBR by 97.1% in the 2nd quarter. American Century Companies Inc. now owns 46,592 shares of the construction company’s stock worth $2,234,000 after acquiring an additional 22,957 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.
About KBR
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.