Van ECK Associates Corp Decreases Stake in KBR, Inc. $KBR

Van ECK Associates Corp lowered its position in shares of KBR, Inc. (NYSE:KBR) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,661,519 shares of the construction company’s stock after selling 191,082 shares during the quarter. Van ECK Associates Corp’s holdings in KBR were worth $57,372,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KBR. BlackRock Inc. purchased a new stake in shares of KBR during the second quarter valued at approximately $479,892,000. Invesco Ltd. lifted its holdings in KBR by 3.5% during the fourth quarter. Invesco Ltd. now owns 5,736,873 shares of the construction company’s stock worth $230,622,000 after acquiring an additional 192,383 shares during the period. Dimensional Fund Advisors LP boosted its position in KBR by 10.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,806,715 shares of the construction company’s stock worth $112,834,000 after purchasing an additional 255,948 shares during the last quarter. Morgan Stanley boosted its position in KBR by 343.5% in the fourth quarter. Morgan Stanley now owns 2,748,597 shares of the construction company’s stock worth $110,494,000 after purchasing an additional 2,128,895 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its stake in KBR by 12.4% in the 4th quarter. Neuberger Berman Group LLC now owns 2,587,375 shares of the construction company’s stock valued at $104,046,000 after purchasing an additional 284,907 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Wall Street Analyst Weigh In

KBR has been the subject of several research analyst reports. Bank of America decreased their target price on KBR from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of KBR in a report on Wednesday, June 24th. UBS Group increased their price target 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. Citigroup decreased their price objective on shares of KBR from $50.00 to $49.00 and set a “buy” rating for the company in a report on Friday, July 31st. Finally, Wall Street Zen raised shares of KBR from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $46.67.

KBR Stock Performance

NYSE:KBR opened at $38.02 on Friday. The company has a market capitalization of $4.79 billion, a P/E ratio of 11.45, a P/E/G ratio of 2.05 and a beta of 0.44. The business has a fifty day simple moving average of $36.32 and a two-hundred day simple moving average of $36.63. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.15 and a quick ratio of 1.15. KBR, Inc. has a 1 year low of $29.94 and a 1 year high of $52.23.

KBR (NYSE:KBR) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.09. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.87 billion. KBR had a return on equity of 32.55% and a net margin of 5.49%.The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. On average, analysts expect that KBR, Inc. will post 4.01 earnings per share for the current year.

KBR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.66 annualized dividend and a yield of 1.7%. KBR’s dividend payout ratio is 19.88%.

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.