KBR, Inc. (NYSE:KBR) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC raised its stake in KBR, Inc. (NYSE:KBR - Free Report) by 18.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 413,199 shares of the construction company's stock after buying an additional 64,991 shares during the period. AQR Capital Management LLC owned about 0.31% of KBR worth $23,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

KBR Stock Performance

Shares of KBR stock traded down $0.19 during mid-day trading on Friday, reaching $54.63. The stock had a trading volume of 509,872 shares, compared to its average volume of 1,315,289. KBR, Inc. has a 1-year low of $43.89 and a 1-year 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. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 0.86 and a beta of 0.83. The business's fifty day moving average is $50.91 and its 200-day moving average is $56.10.

KBR (NYSE:KBR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.88 by $0.10. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.09 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. KBR's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the company earned $0.77 earnings per share. On average, research analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were paid a dividend of $0.165 per share. This is a positive change from KBR's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, March 14th. KBR's dividend payout ratio is presently 23.57%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KBR shares. The Goldman Sachs Group reduced their price objective on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Citigroup cut their price target on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a report on Friday, April 25th. KeyCorp raised their price objective on KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Truist Financial reduced their target price on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $70.75.

Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the transaction, the insider now owns 63,533 shares in the company, valued at $3,214,134.47. This trade represents a 23.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.11% of the stock is owned by corporate insiders.

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.