South Street Advisors LLC Cuts Stock Holdings in KBR, Inc. $KBR

South Street Advisors LLC lowered its position in shares of KBR, Inc. (NYSE:KBR) by 95.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,815 shares of the construction company’s stock after selling 158,884 shares during the quarter. South Street Advisors LLC’s holdings in KBR were worth $322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. increased its position in shares of KBR by 1.5% during the third quarter. Invesco Ltd. now owns 5,544,490 shares of the construction company’s stock worth $262,199,000 after purchasing an additional 79,258 shares in the last quarter. Boston Partners lifted its holdings in KBR by 25.6% in the 2nd quarter. Boston Partners now owns 5,506,603 shares of the construction company’s stock valued at $264,474,000 after purchasing an additional 1,122,076 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in KBR by 8.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,090,874 shares of the construction company’s stock valued at $196,116,000 after purchasing an additional 308,268 shares in the last quarter. Franklin Resources Inc. boosted its stake in KBR by 17.8% during the 2nd quarter. Franklin Resources Inc. now owns 3,419,468 shares of the construction company’s stock worth $163,929,000 after purchasing an additional 517,633 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in KBR by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,550,767 shares of the construction company’s stock worth $120,621,000 after purchasing an additional 38,568 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on KBR. Oppenheimer started coverage on shares of KBR in a research report on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 target price for the company. Citigroup lowered their price target on shares of KBR from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Weiss Ratings raised shares of KBR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Truist Financial cut their price objective on shares of KBR from $62.00 to $50.00 and set a “buy” rating for the company in a report on Friday, December 19th. Finally, Wall Street Zen lowered shares of KBR from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, KBR presently has a consensus rating of “Hold” and an average price target of $57.00.

KBR Stock Down 0.4%

NYSE KBR opened at $36.64 on Friday. The business’s fifty day simple moving average is $42.12 and its 200-day simple moving average is $43.69. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.68. The firm has a market cap of $4.63 billion, a PE ratio of 11.41, a P/E/G ratio of 2.17 and a beta of 0.50. KBR, Inc. has a 52 week low of $36.35 and a 52 week high of $56.78.

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

KBR Announces Dividend

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

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.