XTX Topco Ltd Has $1.69 Million Stake in KBR, Inc. (NYSE:KBR)

XTX Topco Ltd grew its stake in shares of KBR, Inc. (NYSE:KBR) by 96.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,396 shares of the construction company’s stock after buying an additional 12,988 shares during the period. XTX Topco Ltd’s holdings in KBR were worth $1,693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of KBR. Rise Advisors LLC bought a new position in KBR during the 1st quarter worth approximately $25,000. Larson Financial Group LLC raised its holdings in KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after purchasing an additional 487 shares during the period. CWM LLC boosted its position in shares of KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after purchasing an additional 231 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of KBR by 17.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after buying an additional 179 shares during the period. Finally, Blue Trust Inc. increased its position in shares of KBR by 27.7% in the 2nd quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock valued at $93,000 after buying an additional 316 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the transaction, the insider now owns 106,550 shares in the company, valued at approximately $7,091,968. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.08% of the company’s stock.

KBR Stock Up 2.3 %

KBR stock opened at $63.60 on Friday. The business has a 50-day moving average of $65.49 and a 200-day moving average of $64.43. KBR, Inc. has a fifty-two week low of $49.37 and a fifty-two week high of $69.50. The stock has a market capitalization of $8.54 billion, a P/E ratio of -33.13, a P/E/G ratio of 1.25 and a beta of 0.90. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10.

KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.04. KBR had a net margin of 2.77% and a return on equity of 27.92%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. On average, sell-side analysts anticipate that KBR, Inc. will post 3.25 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be paid a $0.15 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.60 annualized dividend and a yield of 0.94%. KBR’s payout ratio is currently -31.25%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. DA Davidson reiterated a “buy” rating and set a $78.00 target price on shares of KBR in a report on Tuesday, June 25th. StockNews.com upgraded KBR from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 10th. Finally, TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a research note on Friday, September 6th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, KBR presently has a consensus rating of “Buy” and a consensus price target of $75.50.

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.