Franklin Resources Inc. Decreases Holdings in KBR, Inc. $KBR

Franklin Resources Inc. cut its stake in shares of KBR, Inc. (NYSE:KBR) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,683,364 shares of the construction company’s stock after selling 150,816 shares during the period. Franklin Resources Inc.’s holdings in KBR were worth $107,871,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its stake in KBR by 207.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock valued at $28,000 after buying an additional 401 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in KBR by 432.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after buying an additional 493 shares during the last quarter. Farther Finance Advisors LLC raised its stake in KBR by 89.8% during the 4th quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock valued at $25,000 after buying an additional 289 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in KBR during the 3rd quarter valued at $32,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in KBR by 101,600.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,017 shares of the construction company’s stock valued at $48,000 after buying an additional 1,016 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at KBR

In related news, Director Carlos A. Sabater acquired 14,500 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was acquired at an average price of $32.47 per share, with a total value of $470,815.00. Following the acquisition, the director directly owned 35,705 shares of the company’s stock, valued at approximately $1,159,341.35. This trade represents a 68.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Jack B. Moore acquired 4,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were bought at an average cost of $31.44 per share, with a total value of $125,760.00. Following the acquisition, the director directly owned 54,352 shares in the company, valued at approximately $1,708,826.88. The trade was a 7.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 29,875 shares of company stock worth $945,160 over the last 90 days. Company insiders own 1.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company decreased their target price 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. Weiss Ratings downgraded shares of KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 27th. Citigroup cut their price objective on shares of KBR from $53.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Zacks Research raised shares of KBR from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Wall Street Zen downgraded shares of KBR from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Five investment 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, the company currently has a consensus rating of “Hold” and an average price target of $53.25.

KBR Trading Down 2.9%

Shares of KBR stock opened at $34.31 on Thursday. The company has a market capitalization of $4.35 billion, a P/E ratio of 10.96, a P/E/G ratio of 2.11 and a beta of 0.44. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.16 and a current ratio of 1.16. The company has a fifty day moving average of $35.10 and a 200 day moving average of $39.18. KBR, Inc. has a fifty-two week low of $29.94 and a fifty-two week high of $54.38.

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

KBR Announces Dividend

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

KBR 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.