Legal & General Group Plc Invests $5.90 Million in KBR, Inc. $KBR

Legal & General Group Plc bought a new stake in KBR, Inc. (NYSE:KBR) in the second quarter, HoldingsChannel reports. The fund bought 170,912 shares of the construction company’s stock, valued at approximately $5,902,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in KBR by 432.5% in the second 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 in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of KBR by 89.8% in the fourth quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock valued at $25,000 after purchasing an additional 289 shares during the period. Allworth Financial LP acquired a new stake in KBR during the 2nd quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased its stake in KBR by 101,600.0% during 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. increased its stake in 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 buying an additional 608 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Stock Up 1.0%

Shares of KBR stock opened at $37.29 on Friday. The business has a 50-day moving average price of $36.68 and a 200 day moving average price of $36.45. KBR, Inc. has a fifty-two week low of $29.94 and a fifty-two week high of $52.23. The firm has a market cap of $4.70 billion, a P/E ratio of 11.23, a P/E/G ratio of 1.99 and a beta of 0.44. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.52.

KBR (NYSE:KBR) last released its earnings results on Thursday, July 30th. The construction company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.09. KBR had a return on equity of 32.55% and a net margin of 5.49%.The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the business posted $0.91 EPS. KBR’s quarterly 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. On average, sell-side analysts forecast that KBR, Inc. will post 4.01 earnings per share for the current fiscal year.

KBR Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on KBR shares. UBS Group upped their price objective on shares of KBR from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Weiss Ratings restated a “sell (d+)” rating on shares of KBR in a report on Wednesday, June 24th. Wall Street Zen raised KBR from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Bank of America reduced their target price on KBR from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Finally, Citigroup decreased their price target on shares of KBR from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.67.

KBR Company 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.