48,050 Shares in KBR, Inc. $KBR Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC purchased a new position in shares of KBR, Inc. (NYSE:KBR) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,050 shares of the construction company’s stock, valued at approximately $1,771,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Prescott Group Capital Management L.L.C. boosted its stake in KBR by 140.4% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 186,330 shares of the construction company’s stock valued at $7,490,000 after buying an additional 108,830 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of KBR during the third quarter valued at $3,850,000. Huber Capital Management LLC boosted its stake in shares of KBR by 18.1% in the 4th quarter. Huber Capital Management LLC now owns 922,460 shares of the construction company’s stock valued at $37,083,000 after purchasing an additional 141,587 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of KBR in the 4th quarter worth about $4,813,000. Finally, Hsbc Holdings PLC increased its position in shares of KBR by 88.1% during the 1st quarter. Hsbc Holdings PLC now owns 183,164 shares of the construction company’s stock worth $6,673,000 after purchasing an additional 85,805 shares in the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Trading Up 1.4%

Shares of NYSE KBR opened at $37.13 on Tuesday. KBR, Inc. has a 1-year low of $29.94 and a 1-year high of $52.23. The company has a market cap of $4.71 billion, a PE ratio of 11.18, a P/E/G ratio of 1.98 and a beta of 0.44. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.52. The company has a 50-day moving average of $35.14 and a two-hundred day moving average of $37.33.

KBR (NYSE:KBR) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $0.99 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. KBR’s revenue was up 1.6% compared to the same quarter last year. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. As a group, equities analysts expect that KBR, Inc. will post 4 earnings per share for the current fiscal year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were given a dividend of $0.165 per share. The ex-dividend date was Monday, June 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.8%. KBR’s payout ratio is presently 19.88%.

Analyst Upgrades and Downgrades

KBR has been the subject of several analyst reports. Bank of America cut their price target on shares of KBR from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, July 20th. UBS Group dropped their price objective on shares of KBR from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Zacks Research upgraded shares of KBR from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Wells Fargo & Company decreased their price target on KBR from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, April 13th. Finally, Citigroup dropped their price target on KBR from $50.00 to $49.00 and set a “buy” rating for the company in a report on Friday. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, KBR currently has an average rating of “Hold” and a consensus target price of $45.83.

Insider Transactions at KBR

In other news, Director Carlos A. Sabater acquired 14,500 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average cost of $32.47 per share, for a total transaction of $470,815.00. Following the completion of the transaction, the director directly owned 35,705 shares in the company, valued at $1,159,341.35. This trade represents a 68.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jack B. Moore acquired 4,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of $31.44 per share, with a total value of $125,760.00. Following the completion of the acquisition, the director directly owned 54,352 shares in the company, valued at approximately $1,708,826.88. The trade was a 7.94% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 29,875 shares of company stock worth $945,160. Insiders own 1.15% of the company’s stock.

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.