Louisiana State Employees Retirement System Invests $1.36 Million in KBR, Inc. $KBR

Louisiana State Employees Retirement System acquired a new stake in shares of KBR, Inc. (NYSE:KBR) in the first quarter, HoldingsChannel.com reports. The fund acquired 36,800 shares of the construction company’s stock, valued at approximately $1,356,000.

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

Insider Activity at KBR

In related news, Director Carlos A. Sabater bought 14,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased 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 owned 35,705 shares in the company, valued at $1,159,341.35. The trade was a 68.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jack B. Moore bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of $31.44 per share, with a total value of $125,760.00. Following the completion of the purchase, the director directly owned 54,352 shares of the company’s stock, valued at $1,708,826.88. This represents a 7.94% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 29,875 shares of company stock worth $945,160 over the last ninety days. 1.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KBR. Zacks Research upgraded KBR from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Citigroup decreased their target price on shares of KBR from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. UBS Group lowered their price target on shares of KBR from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of KBR in a research report on Wednesday, June 24th. Finally, Wells Fargo & Company reduced their price objective on shares of KBR from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, April 13th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, KBR has a consensus rating of “Hold” and a consensus target price of $53.25.

KBR Stock Performance

NYSE:KBR opened at $36.38 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.59. KBR, Inc. has a 12-month low of $29.94 and a 12-month high of $52.23. The stock has a 50-day moving average price of $34.09 and a 200 day moving average price of $38.22. The stock has a market capitalization of $4.61 billion, a P/E ratio of 11.62, a P/E/G ratio of 2.06 and a beta of 0.44.

KBR (NYSE:KBR) last issued its earnings results on Tuesday, May 5th. The construction company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. KBR had a return on equity of 33.92% and a net margin of 5.21%.The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company earned $1.01 EPS. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Equities research analysts forecast that KBR, Inc. will post 3.98 EPS for the current fiscal year.

KBR Dividend Announcement

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

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.