Barclays PLC Grows Position in KBR, Inc. (NYSE:KBR)

Barclays PLC grew its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 78.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,580 shares of the construction company's stock after acquiring an additional 48,954 shares during the period. Barclays PLC owned 0.08% of KBR worth $6,464,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KBR. Sanctuary Advisors LLC grew its holdings in KBR by 73.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,122 shares of the construction company's stock worth $378,000 after acquiring an additional 2,592 shares during the period. Tidal Investments LLC bought a new position in KBR in the third quarter worth approximately $200,000. Franklin Resources Inc. increased its holdings in shares of KBR by 14.5% during the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company's stock valued at $167,876,000 after acquiring an additional 305,889 shares in the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of KBR by 45.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 5,088 shares of the construction company's stock valued at $295,000 after acquiring an additional 1,600 shares in the last quarter. Finally, First Hawaiian Bank bought a new stake in shares of KBR during the fourth quarter valued at approximately $205,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

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

KBR Price Performance

Shares of NYSE KBR remained flat at $52.88 during trading on Wednesday. The stock had a trading volume of 966,103 shares, compared to its average volume of 1,297,804. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a 50-day moving average of $50.36 and a 200-day moving average of $56.77. The stock has a market cap of $6.86 billion, a PE ratio of 22.22, a P/E/G ratio of 0.86 and a beta of 0.73.

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

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were issued a dividend of $0.165 per share. This is a boost from KBR's previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.25%. KBR's dividend payout ratio is 23.57%.

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.