Huber Capital Management LLC Buys 89,878 Shares of KBR, Inc. $KBR

Huber Capital Management LLC grew its position in shares of KBR, Inc. (NYSE:KBR) by 13.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 780,873 shares of the construction company’s stock after purchasing an additional 89,878 shares during the quarter. KBR makes up about 5.8% of Huber Capital Management LLC’s portfolio, making the stock its 2nd biggest holding. Huber Capital Management LLC owned 0.61% of KBR worth $36,927,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its position in shares of KBR by 207.8% in the third quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock worth $28,000 after acquiring an additional 401 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of KBR by 432.5% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in KBR by 98.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the construction company’s stock valued at $59,000 after acquiring an additional 608 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in KBR during the third quarter valued at $70,000. Finally, Osaic Holdings Inc. raised its holdings in shares of KBR by 31.6% during the second quarter. Osaic Holdings Inc. now owns 3,642 shares of the construction company’s stock valued at $176,000 after acquiring an additional 875 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KBR has been the topic of a number of research reports. Weiss Ratings raised shares of KBR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Oppenheimer started coverage on KBR in a report on Tuesday, December 2nd. They set an “outperform” rating and a $60.00 price target on the stock. Bank of America dropped their price objective on shares of KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, November 13th. Truist Financial decreased their target price on shares of KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Finally, Citigroup reduced their price target on shares of KBR from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, KBR has a consensus rating of “Hold” and a consensus price target of $57.00.

KBR Price Performance

KBR stock traded down $0.07 during midday trading on Friday, hitting $36.72. 41,979 shares of the stock were exchanged, compared to its average volume of 1,419,786. KBR, Inc. has a fifty-two week low of $36.59 and a fifty-two week high of $56.78. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s 50-day moving average price is $42.20 and its 200-day moving average price is $43.78. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 2.22 and a beta of 0.50.

KBR (NYSE:KBR) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.91 billion. KBR had a net margin of 5.30% and a return on equity of 35.22%. The company’s revenue was down 10.6% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, March 13th. KBR’s dividend payout ratio (DPR) is currently 20.56%.

About KBR

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.