JPMorgan Chase & Co. Sells 154,539 Shares of KBR, Inc. $KBR

JPMorgan Chase & Co. decreased its position in KBR, Inc. (NYSE:KBR) by 25.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 456,295 shares of the construction company’s stock after selling 154,539 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.36% of KBR worth $21,579,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KBR. Hantz Financial Services Inc. grew its stake 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 purchasing an additional 401 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 493 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in KBR in the 3rd quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd lifted its holdings in 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 worth $48,000 after buying an additional 1,016 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of 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 buying an additional 608 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Trading Down 0.9%

KBR opened at $37.49 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.68. KBR, Inc. has a 52 week low of $36.19 and a 52 week high of $56.78. The stock has a market cap of $4.74 billion, a PE ratio of 11.68, a PEG ratio of 2.23 and a beta of 0.50. The business has a 50 day moving average of $41.22 and a 200-day moving average of $42.94.

KBR (NYSE:KBR) last issued its quarterly earnings results 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. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.91 billion. KBR had a return on equity of 35.22% and a net margin of 5.30%.The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 earnings per share. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Equities research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KBR. Citigroup decreased 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. Oppenheimer started coverage on shares of KBR in a report on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 price target on the stock. Weiss Ratings raised shares of KBR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 11th. Truist Financial decreased their price objective 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, Wall Street Zen cut shares of KBR from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.