Engine Capital Management LP Has $56.44 Million Stake in KBR, Inc. $KBR

Engine Capital Management LP raised its position in shares of KBR, Inc. (NYSE:KBR) by 1,129.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,531,313 shares of the construction company’s stock after buying an additional 1,406,746 shares during the quarter. KBR comprises about 6.8% of Engine Capital Management LP’s investment portfolio, making the stock its 6th largest holding. Engine Capital Management LP’s holdings in KBR were worth $56,444,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KBR. Prescott Group Capital Management L.L.C. grew 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 purchasing an additional 108,830 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of KBR during the 3rd quarter valued at $3,850,000. Huber Capital Management LLC lifted its holdings in shares of KBR by 18.1% during the 4th quarter. Huber Capital Management LLC now owns 922,460 shares of the construction company’s stock valued at $37,083,000 after purchasing an additional 141,587 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of KBR by 13.9% in the 4th quarter. SG Americas Securities LLC now owns 241,473 shares of the construction company’s stock worth $9,707,000 after purchasing an additional 29,449 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of KBR in the 4th quarter worth $3,455,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KBR shares. Zacks Research raised KBR from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. UBS Group lowered their price target on KBR from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Citigroup dropped their price target on KBR from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Wells Fargo & Company cut their price objective on shares of KBR from $45.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Finally, Bank of America decreased their price objective on shares of KBR from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $52.62.

Insider Transactions at KBR

In other KBR news, Director Carlos A. Sabater purchased 14,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average price of $32.47 per share, for a total transaction of $470,815.00. Following the acquisition, the director owned 35,705 shares in the company, valued at $1,159,341.35. This represents a 68.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Shad E. Evans purchased 8,375 shares of KBR stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $30.60 per share, with a total value of $256,275.00. Following the completion of the transaction, the chief financial officer directly owned 43,725 shares in the company, valued at $1,337,985. The trade was a 23.69% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 29,875 shares of company stock worth $945,160. 1.15% of the stock is owned by company insiders.

KBR Price Performance

Shares of KBR opened at $36.82 on Tuesday. The firm has a market capitalization of $4.67 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 2.00 and a beta of 0.44. 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, Inc. has a 1-year low of $29.94 and a 1-year high of $52.23. The company’s fifty day moving average price is $34.78 and its 200-day moving average price is $37.59.

KBR (NYSE:KBR) last issued its earnings results on Tuesday, May 5th. The construction company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. KBR had a return on equity of 33.92% and a net margin of 5.21%.The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business posted $1.01 EPS. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. On average, equities research analysts predict that KBR, Inc. will post 4 EPS for the current year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, June 15th. KBR’s dividend payout ratio (DPR) is presently 21.09%.

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.