Kingsview Wealth Management LLC Takes Position in KBR, Inc. $KBR

Kingsview Wealth Management LLC purchased a new position in shares of KBR, Inc. (NYSE:KBR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 133,997 shares of the construction company’s stock, valued at approximately $4,627,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KBR. BlackRock Inc. purchased a new position in KBR during the second quarter worth about $479,892,000. Invesco Ltd. raised its stake in shares of KBR by 3.5% in the 4th quarter. Invesco Ltd. now owns 5,736,873 shares of the construction company’s stock valued at $230,622,000 after acquiring an additional 192,383 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of KBR by 10.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,806,715 shares of the construction company’s stock valued at $112,834,000 after acquiring an additional 255,948 shares during the period. Morgan Stanley lifted its holdings in shares of KBR by 343.5% in the 4th quarter. Morgan Stanley now owns 2,748,597 shares of the construction company’s stock worth $110,494,000 after acquiring an additional 2,128,895 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of KBR by 12.4% in the 4th quarter. Neuberger Berman Group LLC now owns 2,587,375 shares of the construction company’s stock worth $104,046,000 after acquiring an additional 284,907 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Citigroup dropped their target price on shares of KBR from $50.00 to $49.00 and set a “buy” rating for the company in a report on Friday, July 31st. Weiss Ratings restated a “sell (d+)” rating on shares of KBR in a research note on Wednesday, June 24th. Wall Street Zen upgraded KBR from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Bank of America dropped their price objective on KBR from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Finally, UBS Group boosted their price objective on KBR from $36.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, KBR presently has a consensus rating of “Hold” and an average price target of $46.67.

KBR Trading Down 0.4%

NYSE KBR opened at $38.02 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 2.06 and a beta of 0.44. The firm has a 50 day simple moving average of $36.32 and a 200-day simple moving average of $36.63. KBR, Inc. has a one year low of $29.94 and a one year high of $52.23.

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

KBR Dividend Announcement

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

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.