KBR, Inc. $KBR Shares Sold by Charter Oak Advisors LP

Charter Oak Advisors LP decreased its holdings in shares of KBR, Inc. (NYSE:KBR) by 63.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 91,551 shares of the construction company’s stock after selling 155,980 shares during the period. KBR makes up approximately 1.6% of Charter Oak Advisors LP’s investment portfolio, making the stock its 8th largest holding. Charter Oak Advisors LP’s holdings in KBR were worth $4,329,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of KBR. Envestnet Asset Management Inc. lifted its holdings in KBR by 105.3% in the third quarter. Envestnet Asset Management Inc. now owns 120,842 shares of the construction company’s stock valued at $5,715,000 after acquiring an additional 61,983 shares during the period. Pembroke Management LTD grew its stake in shares of KBR by 9.1% during the 2nd quarter. Pembroke Management LTD now owns 240,806 shares of the construction company’s stock worth $11,544,000 after purchasing an additional 19,995 shares during the period. Copeland Capital Management LLC purchased a new position in shares of KBR in the 3rd quarter valued at about $33,666,000. Neuberger Berman Group LLC lifted its stake in shares of KBR by 9.1% in the third quarter. Neuberger Berman Group LLC now owns 2,302,468 shares of the construction company’s stock valued at $108,850,000 after purchasing an additional 191,382 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in KBR by 38.9% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 535,236 shares of the construction company’s stock worth $25,311,000 after buying an additional 149,900 shares in the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Trading Down 1.6%

Shares of KBR opened at $39.34 on Tuesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.22 and a quick ratio of 1.22. KBR, Inc. has a 1-year low of $38.27 and a 1-year high of $56.78. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 1.02 and a beta of 0.50. The firm has a 50 day simple moving average of $42.38 and a 200-day simple moving average of $43.97.

KBR (NYSE:KBR) last posted its earnings results on Thursday, February 26th. The construction company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.91 billion. KBR had a return on equity of 35.22% and a net margin of 5.30%.KBR’s revenue was down 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Equities analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 13th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, March 13th. KBR’s dividend payout ratio (DPR) is currently 20.56%.

Analysts Set New Price Targets

KBR has been the topic of several recent analyst reports. Citigroup lowered their target price on shares of KBR from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Wells Fargo & Company began coverage on KBR in a research note on Thursday, November 13th. They set an “equal weight” rating and a $45.00 price target on the stock. Bank of America dropped their price objective on KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Oppenheimer started coverage on KBR in a research report on Tuesday, December 2nd. They set an “outperform” rating and a $60.00 target price on the stock. Finally, Truist Financial lowered their target price on KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.