KBR Stock Down 20% as Investor Slashes $41 Million Stake Despite $23 Billion Backlog

On February 17, 2026, Engine Capital Management disclosed in an SEC filing that it sold 960,161 shares of KBR (NYSE:KBR), with the estimated transaction value at $41.16 million based on quarterly average pricing. What happened According to an SEC filing dated February 17, 2026, Engine Capital Management reduced its stake in KBR by 960,161 shares during the fourth quarter. The estimated value of shares sold was $41.16 million, using the average closing price for the quarter. The fund ended the period with ...