Engine Capital Management LP Sells 960,161 Shares of KBR, Inc. $KBR

Engine Capital Management LP lowered its position in shares of KBR, Inc. (NYSE:KBR) by 88.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 124,567 shares of the construction company’s stock after selling 960,161 shares during the period. KBR comprises about 0.7% of Engine Capital Management LP’s portfolio, making the stock its 19th biggest position. Engine Capital Management LP’s holdings in KBR were worth $5,008,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KBR. Morgan Stanley raised its stake in shares of KBR by 343.5% during the fourth quarter. Morgan Stanley now owns 2,748,597 shares of the construction company’s stock valued at $110,494,000 after acquiring an additional 2,128,895 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of KBR by 1,611.4% during the third quarter. Wellington Management Group LLP now owns 1,974,327 shares of the construction company’s stock valued at $93,366,000 after acquiring an additional 1,858,961 shares during the last quarter. Norges Bank bought a new position in shares of KBR during the fourth quarter valued at $71,785,000. Alyeska Investment Group L.P. bought a new position in shares of KBR during the third quarter valued at $54,038,000. Finally, Alberta Investment Management Corp bought a new position in shares of KBR during the fourth quarter valued at $30,411,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Trading Down 3.0%

KBR opened at $33.99 on Thursday. KBR, Inc. has a twelve month low of $29.94 and a twelve month high of $53.50. 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 company has a fifty day moving average of $34.84 and a 200-day moving average of $38.98. The stock has a market cap of $4.31 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 2.09 and a beta of 0.44.

KBR (NYSE:KBR) last posted 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 net margin of 5.21% and a return on equity of 33.92%. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the company posted $1.01 earnings per share. KBR’s revenue for the quarter was down 4.7% compared to the same quarter last year. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. On average, sell-side analysts predict that KBR, Inc. will post 3.96 EPS for the current year.

KBR Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. UBS Group dropped their price target on shares of KBR from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Zacks Research raised shares of KBR from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Wall Street Zen downgraded shares of KBR from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Weiss Ratings downgraded shares of KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. Finally, Wells Fargo & Company dropped their price target on shares of KBR from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, April 13th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, KBR currently has an average rating of “Hold” and a consensus price target of $53.25.

Insider Activity

In other news, Director Carlos A. Sabater acquired 14,500 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of $32.47 per share, for a total transaction of $470,815.00. Following the completion of the transaction, the director directly owned 35,705 shares in the company, valued at $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 this link. Also, Director Jack B. Moore acquired 4,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director owned 54,352 shares of the company’s stock, valued at $1,708,826.88. This trade represents a 7.94% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 29,875 shares of company stock valued at $945,160. 1.15% of the stock is owned by corporate insiders.

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.