Appian Way Asset Management LP Makes New $6.99 Million Investment in KBR, Inc. (NYSE:KBR)

Appian Way Asset Management LP purchased a new position in KBR, Inc. (NYSE:KBR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 120,707 shares of the construction company's stock, valued at approximately $6,993,000. KBR makes up about 1.5% of Appian Way Asset Management LP's investment portfolio, making the stock its 15th largest holding. Appian Way Asset Management LP owned 0.09% of KBR as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KBR. UMB Bank n.a. grew its position in KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock valued at $31,000 after acquiring an additional 175 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in shares of KBR in the fourth quarter valued at about $32,000. Wilmington Savings Fund Society FSB purchased a new stake in KBR in the fourth quarter valued at $68,000. Venturi Wealth Management LLC grew its stake in shares of KBR by 507.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after purchasing an additional 1,339 shares during the period. Finally, R Squared Ltd purchased a new position in shares of KBR in the 4th quarter valued at about $104,000. Institutional investors own 97.02% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on KBR. Citigroup cut their price target on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a report on Friday, April 25th. The Goldman Sachs Group lowered their price target on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. KeyCorp dropped their price target on KBR from $67.00 to $59.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. TD Cowen reduced their price objective on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Finally, Truist Financial lowered their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $70.25.

KBR Stock Performance

KBR traded down $0.41 on Friday, hitting $52.11. 1,914,513 shares of the stock traded hands, compared to its average volume of 1,296,360. The firm has a market capitalization of $6.76 billion, a PE ratio of 21.89, a P/E/G ratio of 0.86 and a beta of 0.73. The business has a fifty day moving average price of $50.49 and a two-hundred day moving average price of $56.46. KBR, Inc. has a 52 week low of $43.89 and a 52 week high of $72.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. On average, research analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were issued a $0.165 dividend. This is an increase from KBR's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Friday, March 14th. KBR's payout ratio is currently 23.57%.

Insider Transactions at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the completion of the sale, the insider now directly owns 63,533 shares in the company, valued at $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.11% of the stock is owned by corporate insiders.

KBR Profile

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.