M&T Bank Corp Acquires 661,406 Shares of KBR, Inc. $KBR

M&T Bank Corp grew its holdings in KBR, Inc. (NYSE:KBR) by 2,188.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 691,634 shares of the construction company’s stock after purchasing an additional 661,406 shares during the period. M&T Bank Corp’s holdings in KBR were worth $27,804,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of KBR. Wellington Management Group LLP raised its position in shares of KBR by 1,611.4% in the third quarter. Wellington Management Group LLP now owns 1,974,327 shares of the construction company’s stock valued at $93,366,000 after purchasing an additional 1,858,961 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of KBR in the third quarter valued at approximately $54,038,000. Copeland Capital Management LLC bought a new stake in shares of KBR in the third quarter valued at approximately $33,666,000. Snyder Capital Management L P raised its position in shares of KBR by 19.0% in the third quarter. Snyder Capital Management L P now owns 2,462,418 shares of the construction company’s stock valued at $116,448,000 after purchasing an additional 392,725 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of KBR by 43.8% in the third quarter. AQR Capital Management LLC now owns 1,190,390 shares of the construction company’s stock valued at $55,698,000 after purchasing an additional 362,625 shares during the period. Institutional investors own 97.02% of the company’s stock.

KBR Price Performance

Shares of NYSE:KBR opened at $35.99 on Thursday. The company has a 50 day moving average of $38.55 and a 200 day moving average of $41.31. The stock has a market cap of $4.56 billion, a P/E ratio of 11.21, a P/E/G ratio of 2.16 and a beta of 0.49. KBR, Inc. has a 12 month low of $35.62 and a 12 month high of $56.78. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.68.

KBR (NYSE:KBR) last released its quarterly earnings results on Thursday, February 26th. The construction company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. KBR had a net margin of 5.30% and a return on equity of 35.22%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The business’s quarterly revenue was down 10.6% compared to the same quarter last year. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. As a group, sell-side analysts forecast that KBR, Inc. will post 4.01 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, March 13th. KBR’s payout ratio is currently 20.56%.

Analysts Set New Price Targets

KBR has been the subject of several recent analyst reports. Citigroup reduced their price objective on shares of KBR from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Monday, January 26th. 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. Weiss Ratings cut shares of KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. Zacks Research raised shares of KBR from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Wall Street Zen cut shares of KBR from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.50.

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.