VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Position in KBR, Inc. $KBR

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of KBR, Inc. (NYSE:KBR) in the second quarter, HoldingsChannel.com reports. The firm acquired 78,600 shares of the construction company’s stock, valued at approximately $2,714,000.

Other large investors have also bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of KBR by 11.2% during the first quarter. Royal Bank of Canada now owns 81,779 shares of the construction company’s stock valued at $4,073,000 after buying an additional 8,243 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in KBR by 50.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 627,321 shares of the construction company’s stock valued at $31,247,000 after acquiring an additional 211,311 shares in the last quarter. Empowered Funds LLC bought a new position in KBR in the 1st quarter valued at approximately $349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in KBR by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 395,574 shares of the construction company’s stock valued at $19,704,000 after purchasing an additional 23,738 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of KBR by 97.1% in the 2nd quarter. American Century Companies Inc. now owns 46,592 shares of the construction company’s stock worth $2,234,000 after purchasing an additional 22,957 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings upgraded KBR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, September 3rd. UBS Group increased their price objective on KBR from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. 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. Citigroup dropped their price target on shares of KBR from $50.00 to $49.00 and set a “buy” rating on the stock 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 report on Saturday, August 1st. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, KBR has an average rating of “Hold” and an average price target of $46.67.

KBR Stock Performance

NYSE:KBR opened at $36.39 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a 50-day simple moving average of $36.88 and a two-hundred day simple moving average of $36.26. The firm has a market capitalization of $4.59 billion, a PE ratio of 10.96, a P/E/G ratio of 1.95 and a beta of 0.44. KBR, Inc. has a 52-week low of $29.94 and a 52-week high of $52.23.

KBR (NYSE:KBR) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.09. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. KBR had a return on equity of 32.55% and a net margin of 5.49%.The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Analysts forecast that KBR, Inc. will post 4.01 EPS for the current year.

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be given 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 is Tuesday, September 15th. KBR’s dividend payout ratio is presently 19.88%.

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.