Hudson Way Capital Management LLC Trims Stake in KBR, Inc. $KBR

Hudson Way Capital Management LLC lowered its position in KBR, Inc. (NYSE:KBR) by 63.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 376,353 shares of the construction company’s stock after selling 663,709 shares during the quarter. KBR comprises approximately 1.6% of Hudson Way Capital Management LLC’s portfolio, making the stock its 15th largest holding. Hudson Way Capital Management LLC’s holdings in KBR were worth $18,042,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in KBR by 432.5% during the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after buying an additional 493 shares during the period. Bessemer Group Inc. raised its holdings in shares of KBR by 75.8% in the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after acquiring an additional 266 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in shares of KBR in the 2nd quarter valued at about $41,000. GAMMA Investing LLC boosted its position in shares of KBR by 37.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,093 shares of the construction company’s stock valued at $52,000 after acquiring an additional 298 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of KBR by 98.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the construction company’s stock worth $59,000 after purchasing an additional 608 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Price Performance

Shares of KBR stock opened at $43.50 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.18 and a current ratio of 1.18. KBR, Inc. has a 52-week low of $39.61 and a 52-week high of $60.98. The company has a fifty day moving average of $42.97 and a 200-day moving average of $47.06. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 1.19 and a beta of 0.54.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, October 29th. The construction company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.07. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.99 billion. KBR had a net margin of 4.71% and a return on equity of 35.14%. The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 EPS. Equities research analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be issued a dividend of $0.165 per share. The ex-dividend date is Monday, December 15th. This represents a $0.66 annualized dividend and a yield of 1.5%. KBR’s dividend payout ratio is currently 22.68%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KBR. Oppenheimer started coverage on shares of KBR in a research note on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 target price on the stock. Truist Financial set a $62.00 price objective on shares of KBR in a research report on Thursday, October 30th. Citigroup dropped their price objective on shares of KBR from $62.00 to $57.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of KBR in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company started coverage on KBR in a research report on Thursday, November 13th. They set an “equal weight” rating and a $45.00 price target on the stock. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $59.09.

KBR Company Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.