California Public Employees Retirement System Sells 28,552 Shares of KBR, Inc. $KBR

California Public Employees Retirement System cut its stake in shares of KBR, Inc. (NYSE:KBR) by 8.1% in the first quarter, Holdings Channel reports. The firm owned 325,480 shares of the construction company’s stock after selling 28,552 shares during the quarter. California Public Employees Retirement System’s holdings in KBR were worth $11,997,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in shares of KBR by 89.8% during the fourth quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock worth $25,000 after purchasing an additional 289 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in KBR by 432.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock worth $29,000 after purchasing an additional 493 shares in the last quarter. Anchor Investment Management LLC increased its stake in KBR by 27.5% during the 1st quarter. Anchor Investment Management LLC now owns 1,275 shares of the construction company’s stock worth $47,000 after purchasing an additional 275 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings 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, Aster Capital Management DIFC Ltd bought a new position in KBR in the fourth quarter valued at approximately $51,000. Institutional investors own 97.02% of the company’s stock.

Insider Buying and Selling at KBR

In other news, Director Carlos A. Sabater purchased 14,500 shares of the stock in a transaction on Tuesday, May 19th. The shares were acquired at an average price 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 of the company’s stock, valued at approximately $1,159,341.35. This trade represents a 68.38% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CFO Shad E. Evans acquired 8,375 shares of the stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $30.60 per share, with a total value of $256,275.00. Following the completion of the purchase, the chief financial officer owned 43,725 shares of the company’s stock, valued at approximately $1,337,985. The trade was a 23.69% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 29,875 shares of company stock worth $945,160 over the last ninety days. Company insiders own 1.15% of the company’s stock.

KBR Trading Up 1.6%

KBR opened at $36.93 on Friday. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.97 and a beta of 0.44. KBR, Inc. has a fifty-two week low of $29.94 and a fifty-two week high of $52.23. The company’s 50 day moving average price is $34.69 and its two-hundred day moving average price is $37.68. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.16 and a quick ratio of 1.16.

KBR (NYSE:KBR) last announced its earnings results on Tuesday, May 5th. The construction company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. KBR had a net margin of 5.21% and a return on equity of 33.92%. KBR’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 earnings per share. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. As a group, research analysts predict that KBR, Inc. will post 4 earnings per share for the current year.

KBR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, June 15th. KBR’s payout ratio is 21.09%.

Wall Street Analyst Weigh In

Several research firms recently commented on KBR. UBS Group cut their price objective on shares of KBR from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Wells Fargo & Company dropped their target price on KBR from $45.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Bank of America lowered their price target on KBR from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Zacks Research raised shares of KBR from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of KBR in a research note on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, KBR currently has an average rating of “Hold” and a consensus price target of $52.62.

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.