JPMorgan Chase & Co. Sells 154,539 Shares of KBR, Inc. $KBR

JPMorgan Chase & Co. trimmed its holdings in shares of KBR, Inc. (NYSE:KBR) by 25.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 456,295 shares of the construction company’s stock after selling 154,539 shares during the period. JPMorgan Chase & Co.’s holdings in KBR were worth $21,579,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in KBR. Hantz Financial Services Inc. grew its stake in shares of KBR by 207.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock worth $28,000 after buying an additional 401 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in KBR by 432.5% during the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after buying an additional 493 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in KBR during the third quarter valued at $32,000. Caitong International Asset Management Co. Ltd boosted its holdings in KBR by 101,600.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,017 shares of the construction company’s stock worth $48,000 after acquiring an additional 1,016 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of KBR by 98.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the construction company’s stock worth $59,000 after acquiring an additional 608 shares during the last quarter. 97.02% of the stock is owned by institutional investors.

KBR Stock Down 0.9%

KBR stock opened at $37.49 on Wednesday. The stock has a market capitalization of $4.74 billion, a P/E ratio of 11.68, a P/E/G ratio of 2.23 and a beta of 0.50. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.22 and a quick ratio of 1.22. KBR, Inc. has a 1-year low of $36.19 and a 1-year high of $56.78. The business has a fifty day moving average price of $41.22 and a 200-day moving average price of $42.94.

KBR (NYSE:KBR) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. KBR had a return on equity of 35.22% and a net margin of 5.30%.The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the firm posted $0.91 earnings per share. KBR’s revenue was down 10.6% compared to the same quarter last year. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Equities analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, March 13th. KBR’s dividend payout ratio (DPR) is presently 20.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Truist Financial reduced their price target on KBR from $62.00 to $50.00 and set a “buy” rating for the company in a report on Friday, December 19th. Weiss Ratings upgraded shares of KBR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 11th. Zacks Research downgraded shares of KBR from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Citigroup reduced their price objective on shares of KBR from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Finally, Wall Street Zen downgraded shares of KBR from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $57.00.

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.