FMR LLC & Abigail Johnson Hold 14.999% Stake in KBR, INC.
Ticker: KBR · Form: SC 13G/A · Filed: Feb 9, 2024
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, ownership-update
TL;DR
**FMR LLC and Abigail Johnson still own nearly 15% of KBR, INC. stock.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in KBR, INC. As of February 9, 2024, they collectively beneficially own 20,250,656 shares of KBR's common stock, representing 14.999% of the company. This filing indicates a significant, but not controlling, passive investment, which matters to investors as it shows a large institutional holder's continued confidence (or lack thereof, if the stake changed significantly) in KBR's future.
Why It Matters
This filing confirms a major institutional investor's substantial, but passive, stake in KBR, INC., signaling their ongoing investment interest without seeking control. For KBR shareholders, it indicates that a large, sophisticated investor continues to see value in the company.
Risk Assessment
Risk Level: low — This filing is an update to a passive ownership stake and does not indicate any immediate risks or significant changes in company control.
Analyst Insight
Investors should note that a major institutional holder, FMR LLC, continues to hold a substantial, passive stake in KBR, INC., which could be interpreted as a vote of confidence in the company's long-term prospects. This information is useful for understanding the institutional ownership landscape but doesn't suggest immediate trading action.
Key Numbers
- 20,250,656 — Shares Beneficially Owned (Represents the total number of KBR, INC. common shares held by FMR LLC and Abigail P. Johnson.)
- 14.999% — Percent of Class (Indicates the proportion of KBR, INC.'s common stock owned by FMR LLC and Abigail P. Johnson, showing a significant but non-controlling stake.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- KBR, INC. (company) — the issuer of the common stock
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- 20,250,656 (dollar_amount) — number of shares beneficially owned by FMR LLC and Abigail P. Johnson
- 14.999% (dollar_amount) — percentage of KBR, INC. common stock beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in KBR, INC. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing for KBR, INC.?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of KBR, INC. common shares beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 20,250,656 shares of KBR, INC. common stock, as reported in Item 7 and Item 4(a) of the filing.
What percentage of KBR, INC.'s common stock do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 14.999% of KBR, INC.'s common stock, as indicated in Item 11 and Item 4(b) of the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the first page of the filing.
What is the CUSIP number for KBR, INC. common stock?
The CUSIP number for KBR, INC. common stock is 48242W106, as listed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding KBR, INC. (KBR).