Royal Bank of Canada Has $2.76 Million Position in KBR, Inc. $KBR

Royal Bank of Canada cut its holdings in shares of KBR, Inc. (NYSE:KBR) by 66.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,769 shares of the construction company’s stock after selling 149,894 shares during the quarter. Royal Bank of Canada’s holdings in KBR were worth $2,756,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KBR. Public Employees Retirement System of Ohio grew its holdings in shares of KBR by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 40,133 shares of the construction company’s stock valued at $1,898,000 after acquiring an additional 249 shares in the last quarter. Anchor Investment Management LLC raised its holdings in KBR by 27.5% during the first quarter. Anchor Investment Management LLC now owns 1,275 shares of the construction company’s stock worth $47,000 after acquiring an additional 275 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in KBR by 89.8% during the fourth quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock worth $25,000 after acquiring an additional 289 shares in the last quarter. Truist Financial Corp boosted its position in KBR by 1.9% during the fourth quarter. Truist Financial Corp now owns 17,342 shares of the construction company’s stock valued at $697,000 after purchasing an additional 317 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in KBR by 27.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,561 shares of the construction company’s stock valued at $74,000 after purchasing an additional 333 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KBR has been the topic of several recent analyst reports. Citigroup lowered their price target on KBR from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of KBR in a report on Wednesday, June 24th. Bank of America decreased 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. Wall Street Zen upgraded shares of KBR from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, UBS Group boosted their target price on shares of KBR from $36.00 to $41.00 and gave the stock 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.67.

Insider Activity at KBR

In other KBR news, Director Jack B. Moore bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $31.44 per share, with a total value of $125,760.00. Following the acquisition, the director owned 54,352 shares of the company’s stock, valued at $1,708,826.88. The trade was a 7.94% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carlos A. Sabater purchased 14,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average price of $32.47 per share, for a total transaction of $470,815.00. Following the purchase, the director owned 35,705 shares in the company, valued at $1,159,341.35. This trade represents a 68.38% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.15% of the company’s stock.

KBR Trading Up 0.2%

Shares of NYSE:KBR opened at $38.45 on Monday. KBR, Inc. has a 52-week low of $29.94 and a 52-week high of $52.23. 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 company has a market capitalization of $4.85 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 2.08 and a beta of 0.44. The company has a 50-day simple moving average of $35.65 and a 200 day simple moving average of $36.92.

KBR (NYSE:KBR) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 32.55% and a net margin of 5.49%.The business’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Sell-side analysts forecast that KBR, Inc. will post 4 earnings per share for the current year.

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.