New Century Financial Group LLC Buys Shares of 21,072 KBR, Inc. $KBR

New Century Financial Group LLC purchased a new stake in KBR, Inc. (NYSE:KBR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,072 shares of the construction company’s stock, valued at approximately $1,010,000.

Several other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in KBR by 295.5% during the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company’s stock valued at $40,000 after buying an additional 594 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in shares of KBR during the second quarter valued at $41,000. Harbor Capital Advisors Inc. purchased a new stake in KBR during the 1st quarter worth about $47,000. UMB Bank n.a. raised its stake in KBR by 146.9% in the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company’s stock valued at $65,000 after purchasing an additional 780 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in KBR by 1,402.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,367 shares of the construction company’s stock valued at $68,000 after purchasing an additional 1,276 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Price Performance

KBR stock opened at $47.09 on Friday. The company has a market cap of $6.07 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 0.95 and a beta of 0.68. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. The stock has a 50-day moving average price of $49.01 and a two-hundred day moving average price of $50.16. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60.

KBR (NYSE:KBR) last posted its earnings results on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. KBR had a net margin of 4.52% and a return on equity of 33.65%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. As a group, research analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.66 dividend on an annualized basis and a yield of 1.4%. KBR’s dividend payout ratio is currently 23.91%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KBR shares. UBS Group downgraded shares of KBR from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $66.00 to $54.00 in a report on Wednesday, July 2nd. Wall Street Zen cut shares of KBR from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. KeyCorp lowered KBR from an “overweight” rating to a “sector weight” rating in a research note on Monday, June 23rd. DA Davidson lowered their price objective on KBR from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Finally, Bank of America downgraded KBR from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $70.00 to $55.00 in a research report on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, KBR presently has an average rating of “Hold” and an average price target of $62.78.

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.