KBR, Inc. $KBR Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp raised its position in KBR, Inc. (NYSE:KBR) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,133,428 shares of the construction company’s stock after buying an additional 96,188 shares during the quarter. Van ECK Associates Corp’s holdings in KBR were worth $100,890,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KBR. Hantz Financial Services Inc. increased its stake in shares of KBR by 207.8% during the third quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock worth $28,000 after acquiring an additional 401 shares during the period. EverSource Wealth Advisors LLC grew its stake in KBR by 432.5% in 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. Northwestern Mutual Wealth Management Co. raised its position in shares of KBR by 98.1% during 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. Wilmington Savings Fund Society FSB purchased a new stake in shares of KBR in the third quarter valued at $70,000. Finally, Parkside Financial Bank & Trust lifted its holdings in KBR by 65.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,853 shares of the construction company’s stock valued at $89,000 after purchasing an additional 730 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analyst Ratings Changes

KBR has been the topic of several recent analyst reports. Citigroup cut their price objective on shares of KBR from $57.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Wells Fargo & Company began coverage on shares of KBR in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $45.00 target price on the stock. Bank of America decreased their price target on shares of KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Oppenheimer started coverage on KBR in a research note on Tuesday, December 2nd. They set an “outperform” rating and a $60.00 price objective on the stock. Finally, Truist Financial decreased their target price on KBR from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $57.00.

KBR Trading Down 3.9%

NYSE KBR opened at $37.85 on Wednesday. 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 has a market capitalization of $4.79 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 0.98 and a beta of 0.50. KBR, Inc. has a 12 month low of $37.21 and a 12 month high of $56.78. The company’s fifty day moving average price is $42.32 and its two-hundred day moving average price is $43.88.

KBR (NYSE:KBR) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. KBR had a net margin of 5.30% and a return on equity of 35.22%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the business earned $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, research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 13th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, March 13th. KBR’s dividend payout ratio is 20.56%.

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.