Bayforest Capital Ltd Acquires 6,678 Shares of KBR, Inc. $KBR

Bayforest Capital Ltd increased its holdings in shares of KBR, Inc. (NYSE:KBR) by 109.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 12,785 shares of the construction company’s stock after buying an additional 6,678 shares during the period. Bayforest Capital Ltd’s holdings in KBR were worth $613,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KBR. Farther Finance Advisors LLC boosted its stake in KBR by 1,402.2% during the first quarter. Farther Finance Advisors LLC now owns 1,367 shares of the construction company’s stock worth $68,000 after acquiring an additional 1,276 shares in the last quarter. GAMMA Investing LLC boosted its stake in KBR by 295.5% during the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company’s stock worth $40,000 after acquiring an additional 594 shares in the last quarter. Fifth Third Bancorp boosted its stake in KBR by 25.2% during the first quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company’s stock worth $68,000 after acquiring an additional 275 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in KBR by 476.2% during the first quarter. Janney Montgomery Scott LLC now owns 65,858 shares of the construction company’s stock worth $3,280,000 after acquiring an additional 54,429 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new stake in KBR during the first quarter worth about $518,000. Institutional investors own 97.02% of the company’s stock.

KBR Stock Up 0.4%

Shares of KBR stock opened at $44.89 on Wednesday. The company has a 50 day simple moving average of $48.81 and a two-hundred day simple moving average of $49.87. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. The stock has a market cap of $5.78 billion, a P/E ratio of 16.27, a P/E/G ratio of 0.89 and a beta of 0.68. KBR, Inc. has a 12 month low of $42.94 and a 12 month high of $72.60.

KBR (NYSE:KBR) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.10 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 earnings per share. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a dividend of $0.165 per share. The ex-dividend date is Monday, September 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.5%. KBR’s dividend payout ratio is currently 23.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of KBR in a research note on Wednesday, October 8th. UBS Group downgraded shares of KBR from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $66.00 to $54.00 in a research note on Wednesday, July 2nd. Wall Street Zen upgraded shares of KBR from a “hold” rating to a “buy” rating in a research note on Saturday. KeyCorp downgraded shares of KBR from an “overweight” rating to a “sector weight” rating in a research note on Monday, June 23rd. Finally, Bank of America downgraded shares of KBR from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $55.00 in a research note on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.78.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.