VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 78,600 KBR, Inc. $KBR

by · The Cerbat Gem

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in KBR, Inc. (NYSE:KBR – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 78,600 shares of the construction company’s stock, valued at approximately $2,714,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.06% of KBR as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in KBR. Public Employees Retirement System of Ohio raised its holdings in shares of KBR by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 40,133 shares of the construction company’s stock valued at $1,898,000 after acquiring an additional 249 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in KBR by 27.5% in the first quarter. Anchor Investment Management LLC now owns 1,275 shares of the construction company’s stock valued at $47,000 after acquiring an additional 275 shares in the last quarter. Truist Financial Corp increased its position in KBR by 1.9% during the 4th quarter. Truist Financial Corp now owns 17,342 shares of the construction company’s stock valued at $697,000 after purchasing an additional 317 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in KBR by 27.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,561 shares of the construction company’s stock valued at $74,000 after purchasing an additional 333 shares during the period. Finally, Merit Financial Group LLC raised its holdings in KBR by 7.3% in the 3rd quarter. Merit Financial Group LLC now owns 4,955 shares of the construction company’s stock worth $234,000 after purchasing an additional 337 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KBR shares. Weiss Ratings raised shares of KBR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, September 3rd. Wall Street Zen raised shares of KBR from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Bank of America reduced their target price on KBR from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Citigroup lowered their target price on KBR from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, UBS Group lifted their price target on KBR from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $46.67.

Get Our Latest Analysis on KBR

KBR Trading Up 0.7%

Shares of NYSE KBR opened at $36.39 on Friday. KBR, Inc. has a 1 year low of $29.94 and a 1 year high of $52.23. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a 50-day moving average of $36.88 and a 200 day moving average of $36.26. The stock has a market cap of $4.59 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 1.95 and a beta of 0.44.

KBR (NYSE:KBR – Get Free Report) last announced its earnings results on Thursday, July 30th. The construction company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.09. KBR had a net margin of 5.49% and a return on equity of 32.55%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm earned $0.91 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. As a group, sell-side analysts expect that KBR, Inc. will post 4.01 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 15th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 15th. KBR’s dividend payout ratio (DPR) is 19.88%.

About KBR

(Free Report)

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.

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