Norges Bank Invests $71.79 Million in KBR, Inc. $KBR

Norges Bank purchased a new position in KBR, Inc. (NYSE:KBR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,785,688 shares of the construction company’s stock, valued at approximately $71,785,000.

A number of other hedge funds have also made changes to their positions in KBR. Envestnet Asset Management Inc. increased its holdings in KBR by 105.3% in the third quarter. Envestnet Asset Management Inc. now owns 120,842 shares of the construction company’s stock worth $5,715,000 after buying an additional 61,983 shares during the last quarter. Prescott Group Capital Management L.L.C. increased its holdings in KBR by 140.4% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 186,330 shares of the construction company’s stock worth $7,490,000 after buying an additional 108,830 shares during the last quarter. Moore Capital Management LP acquired a new position in KBR in the third quarter worth approximately $16,055,000. Neuberger Berman Group LLC increased its holdings in KBR by 9.1% in the third quarter. Neuberger Berman Group LLC now owns 2,302,468 shares of the construction company’s stock worth $108,850,000 after buying an additional 191,382 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in KBR in the third quarter worth approximately $3,850,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Stock Down 1.6%

Shares of KBR stock opened at $35.55 on Friday. The stock has a market cap of $4.51 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 2.12 and a beta of 0.44. KBR, Inc. has a one year low of $29.94 and a one year high of $54.38. The stock has a fifty day moving average price of $35.20 and a 200 day moving average price of $39.30. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.16 and a quick ratio of 1.16.

KBR (NYSE:KBR) last issued its earnings results on Tuesday, May 5th. The construction company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. KBR had a return on equity of 33.92% and a net margin of 5.21%.KBR’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the business earned $1.01 earnings per share. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Analysts predict that KBR, Inc. will post 3.96 earnings per share for the current year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be paid a $0.165 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.9%. KBR’s dividend payout ratio (DPR) is 21.09%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KBR shares. Weiss Ratings downgraded KBR from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 27th. Citigroup dropped their price objective on KBR from $53.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. UBS Group dropped their price objective on KBR from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Wells Fargo & Company lowered their price target on KBR from $45.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Finally, Wall Street Zen downgraded KBR from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $53.25.

Insiders Place Their Bets

In other news, Director Carlos A. Sabater acquired 14,500 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average cost of $32.47 per share, for a total transaction of $470,815.00. Following the completion of the transaction, the director directly owned 35,705 shares in the company, valued at $1,159,341.35. This trade represents a 68.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jack B. Moore acquired 4,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of $31.44 per share, with a total value of $125,760.00. Following the completion of the transaction, the director owned 54,352 shares of the company’s stock, valued at approximately $1,708,826.88. This trade represents a 7.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 29,875 shares of company stock valued at $945,160. 1.15% of the stock is owned by corporate insiders.

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.