ING Groep NV Purchases Shares of 23,500 KBR, Inc. $KBR

ING Groep NV acquired a new stake in shares of KBR, Inc. (NYSE:KBR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,500 shares of the construction company’s stock, valued at approximately $945,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in KBR. Wellington Management Group LLP grew its stake in shares of KBR by 1,611.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,327 shares of the construction company’s stock valued at $93,366,000 after buying an additional 1,858,961 shares during the period. Norges Bank acquired a new position in KBR during the 4th quarter worth approximately $71,785,000. Alyeska Investment Group L.P. bought a new position in KBR in the third quarter worth approximately $54,038,000. M&T Bank Corp boosted its holdings in KBR by 2,188.1% in the fourth quarter. M&T Bank Corp now owns 691,634 shares of the construction company’s stock worth $27,804,000 after acquiring an additional 661,406 shares in the last quarter. Finally, Copeland Capital Management LLC grew its stake in KBR by 84.3% in the fourth quarter. Copeland Capital Management LLC now owns 1,311,730 shares of the construction company’s stock valued at $52,732,000 after acquiring an additional 599,823 shares during the period. Institutional investors own 97.02% of the company’s stock.

KBR Stock Performance

Shares of KBR stock opened at $34.31 on Thursday. KBR, Inc. has a 52 week low of $29.94 and a 52 week high of $54.38. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.59. The business has a 50 day moving average price of $35.10 and a 200-day moving average price of $39.18. The company has a market cap of $4.35 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 2.11 and a beta of 0.44.

KBR (NYSE:KBR) last announced its earnings results on Tuesday, May 5th. The construction company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $1.92 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 earnings per share. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Equities analysts anticipate that KBR, Inc. will post 3.96 earnings per share for the current fiscal year.

KBR Announces Dividend

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

Insider Activity

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KBR shares. Wells Fargo & Company lowered their target price on KBR from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, April 13th. UBS Group reduced their price target on shares of KBR from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Weiss Ratings lowered shares of KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. Zacks Research upgraded shares of KBR from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Finally, Citigroup dropped their price objective on shares of KBR from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $53.25.

KBR 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.