Fifth Third Bancorp Buys 81,927 Shares of KBR, Inc. $KBR

Fifth Third Bancorp boosted its stake in KBR, Inc. (NYSE:KBR) by 5,211.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 83,499 shares of the construction company’s stock after buying an additional 81,927 shares during the period. Fifth Third Bancorp’s holdings in KBR were worth $3,078,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KBR. Prescott Group Capital Management L.L.C. increased its holdings in shares of KBR by 140.4% during 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 in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of KBR in the 3rd quarter worth approximately $3,850,000. Huber Capital Management LLC grew its position in KBR by 18.1% during the 4th quarter. Huber Capital Management LLC now owns 922,460 shares of the construction company’s stock worth $37,083,000 after acquiring an additional 141,587 shares during the last quarter. SG Americas Securities LLC increased its holdings in KBR by 13.9% during the 4th quarter. SG Americas Securities LLC now owns 241,473 shares of the construction company’s stock valued at $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 KBR during the 4th quarter valued at $3,455,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Price Performance

KBR stock opened at $35.13 on Monday. The business’s 50-day simple moving average is $34.25 and its 200 day simple moving average is $37.83. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 2.09 and a beta of 0.44. KBR, Inc. has a 12-month low of $29.94 and a 12-month high of $52.23. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.59.

KBR (NYSE:KBR) last announced its quarterly earnings data on Tuesday, May 5th. The construction company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. KBR had a return on equity of 33.92% and a net margin of 5.21%.The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the business posted $1.01 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. As a group, research analysts anticipate that KBR, Inc. will post 3.98 earnings per share for the current year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were given a dividend of $0.165 per share. The ex-dividend date was Monday, June 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.9%. KBR’s payout ratio is currently 21.09%.

Insider Buying and Selling at KBR

In other KBR news, Director Carlos A. Sabater purchased 14,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of $32.47 per share, with a total value of $470,815.00. Following the completion of the purchase, the director directly owned 35,705 shares in the company, valued at approximately $1,159,341.35. This represents a 68.38% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shad E. Evans acquired 8,375 shares of KBR stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $30.60 per share, for a total transaction of $256,275.00. Following the completion of the purchase, the chief financial officer owned 43,725 shares of the company’s stock, valued at approximately $1,337,985. The trade was a 23.69% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 29,875 shares of company stock valued at $945,160. 1.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. UBS Group reduced their price objective on KBR from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Zacks Research raised KBR from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Wells Fargo & Company reduced their price target on shares of KBR from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, April 13th. Citigroup decreased their price objective on shares of KBR from $53.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of KBR in a research report on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $53.25.

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.