State of Wyoming bought a new position in shares of KBR, Inc. (NYSE:KBR – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 14,060 shares of the construction company’s stock, valued at approximately $485,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in KBR. Invesco Ltd. increased its stake in shares of KBR by 3.5% during the 4th quarter. Invesco Ltd. now owns 5,736,873 shares of the construction company’s stock worth $230,622,000 after purchasing an additional 192,383 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of KBR by 10.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,806,715 shares of the construction company’s stock valued at $112,834,000 after purchasing an additional 255,948 shares during the period. Morgan Stanley increased its position in shares of KBR by 343.5% during the fourth quarter. Morgan Stanley now owns 2,748,597 shares of the construction company’s stock valued at $110,494,000 after buying an additional 2,128,895 shares during the period. Neuberger Berman Group LLC increased its holdings in KBR by 12.4% during the 4th quarter. Neuberger Berman Group LLC now owns 2,587,375 shares of the construction company’s stock worth $104,046,000 after acquiring an additional 284,907 shares during the period. Finally, Snyder Capital Management L P increased its holdings in shares of KBR by 1.4% in the fourth quarter. Snyder Capital Management L P now owns 2,496,913 shares of the construction company’s stock worth $100,376,000 after purchasing an additional 34,495 shares during the period. 97.02% of the stock is owned by hedge funds and other institutional investors.
KBR Stock Performance
NYSE:KBR opened at $37.54 on Tuesday. The business has a 50 day moving average of $35.70 and a 200 day moving average of $36.89. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 2.08 and a beta of 0.44. KBR, Inc. has a 1-year low of $29.94 and a 1-year high of $52.23. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.15 and a quick ratio of 1.15.
Insider Activity at KBR
In other KBR news, Director Jack B. Moore bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $31.44 per share, for a total transaction of $125,760.00. Following the transaction, the director directly owned 54,352 shares in the company, valued at $1,708,826.88. This trade represents a 7.94% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.15% of the company’s stock.
KBR News Summary
Here are the key news stories impacting KBR this week:
- Positive Sentiment: KBR’s Mission Technology Solutions business won a NATO recompete contract with an initial ceiling of $60 million over five years. The work will support the PATRIOT air and missile defense system and its integration with the Integrated Battle Command System, including command-and-control, engineering and logistics services. KBR Awarded $60 Million Contract to Accelerate Air and Missile Defense Readiness
- Positive Sentiment: The award reinforces KBR’s four decades of PATRIOT-system expertise and could provide recurring defense revenue from NATO and U.S. combatant-command customers. However, the contract is time-and-materials based and the stated amount is an initial ceiling, so the full financial contribution is not guaranteed. KBR Wins $60 Million NATO Contract to Support PATRIOT Air and Missile Defense System
- Positive Sentiment: The business is expected to spin off as Trinzic in January 2027, launching with more than $5 billion in annual revenue and approximately 18,000 employees. The contract provides additional evidence of the defense unit’s scale and strategic value ahead of the separation. KBR Awarded $60 Million Contract to Accelerate Air and Missile Defense Readiness
- Neutral Sentiment: Recent insider activity cited in the coverage showed purchases by KBR executives, while institutional ownership changes were mixed. These signals may support sentiment but do not materially alter the contract’s near-term earnings outlook.
- Neutral Sentiment: Several other articles concern traffic plans around KBR Park in Hyderabad and are unrelated to KBR, Inc. The hydrogen-study article involves Hazer Group and its KBR alliance, rather than a clearly disclosed new award for KBR, Inc.
Analyst Ratings Changes
KBR has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of KBR in a research report on Wednesday, June 24th. Citigroup dropped their target price on shares of KBR from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Bank of America decreased their price target on shares of KBR from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Wall Street Zen upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, UBS Group lifted their price objective on shares of KBR from $36.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.67.
Read Our Latest Stock Analysis on KBR
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.
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