Nierenberg Investment Management Company LLC Acquires Shares of 386,443 KBR, Inc. $KBR

Nierenberg Investment Management Company LLC bought a new stake in KBR, Inc. (NYSE:KBR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 386,443 shares of the construction company’s stock, valued at approximately $13,343,877. KBR comprises 0.0% of Nierenberg Investment Management Company LLC’s holdings, making the stock its 6th largest holding. Nierenberg Investment Management Company LLC owned 0.31% of KBR as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of KBR. BlackRock Inc. purchased a new position in KBR in the 2nd quarter valued at about $479,892,000. Morgan Stanley raised its holdings in KBR by 343.5% during the 4th quarter. Morgan Stanley now owns 2,748,597 shares of the construction company’s stock worth $110,494,000 after buying an additional 2,128,895 shares during the period. Wellington Management Group LLP grew its holdings in 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 in the last quarter. Norges Bank bought a new stake in KBR in the fourth quarter valued at approximately $71,785,000. Finally, Engine Capital Management LP boosted its stake in KBR by 1,129.3% during the 1st quarter. Engine Capital Management LP now owns 1,531,313 shares of the construction company’s stock valued at $56,444,000 after purchasing an additional 1,406,746 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Price Performance

Shares of NYSE:KBR traded down $0.14 during trading on Friday, reaching $38.05. The company had a trading volume of 246,486 shares, compared to its average volume of 1,603,878. KBR, Inc. has a 12 month low of $29.94 and a 12 month high of $52.23. The stock has a market capitalization of $4.80 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.44. The company has a fifty day moving average of $36.22 and a two-hundred day moving average of $36.62. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.52.

KBR (NYSE:KBR) last released its earnings results on Thursday, July 30th. The construction company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.09. KBR had a return on equity of 32.55% and a net margin of 5.49%.The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the business posted $0.91 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Equities research analysts forecast that KBR, Inc. will post 4.01 earnings per share for the current year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.7%. KBR’s dividend payout ratio (DPR) is currently 19.88%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. UBS Group raised their price objective on KBR from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Citigroup lowered their price objective on KBR from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Wall Street Zen upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings restated a “sell (d+)” rating on shares of KBR in a research note on Wednesday, June 24th. Finally, Bank of America cut their target price on shares of KBR from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Three 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.67.

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.