KBR, Inc. $KBR Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. lessened its stake in shares of KBR, Inc. (NYSE:KBR) by 9.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 665,900 shares of the construction company’s stock after selling 73,500 shares during the quarter. KBR comprises about 1.1% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 23rd biggest position. Hennessy Advisors Inc. owned about 0.51% of KBR worth $31,923,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of KBR. Wealth Enhancement Advisory Services LLC grew its holdings in KBR by 26.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,776 shares of the construction company’s stock valued at $335,000 after buying an additional 1,210 shares during the last quarter. GAMMA Investing LLC grew its holdings in KBR by 19,601.0% during the 1st quarter. GAMMA Investing LLC now owns 39,599 shares of the construction company’s stock valued at $1,972,000 after buying an additional 39,398 shares during the last quarter. UMB Bank n.a. grew its holdings in KBR by 146.9% during the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company’s stock valued at $65,000 after buying an additional 780 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in KBR by 18.6% during the 1st quarter. Wedge Capital Management L L P NC now owns 71,555 shares of the construction company’s stock valued at $3,564,000 after buying an additional 11,241 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in KBR by 1,402.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,367 shares of the construction company’s stock valued at $68,000 after buying an additional 1,276 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Trading Up 0.5%

Shares of KBR opened at $47.35 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $6.10 billion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 0.94 and a beta of 0.68. The stock’s fifty day simple moving average is $49.02 and its 200 day simple moving average is $50.13. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60.

KBR (NYSE:KBR) last issued its earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. On average, equities research analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, September 15th. KBR’s dividend payout ratio (DPR) is 23.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KBR shares. Stifel Nicolaus increased their target price on KBR from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, August 1st. Bank of America cut KBR from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $70.00 to $55.00 in a report on Wednesday, August 13th. KeyCorp cut KBR from an “overweight” rating to a “sector weight” rating in a report on Monday, June 23rd. Wall Street Zen upgraded KBR from a “hold” rating to a “buy” rating in a report on Friday. Finally, DA Davidson decreased their price objective on KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.78.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.