BNP Paribas Financial Markets Boosts Stake in KBR, Inc. (NYSE:KBR)

BNP Paribas Financial Markets raised its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,518 shares of the construction company's stock after buying an additional 6,832 shares during the quarter. BNP Paribas Financial Markets' holdings in KBR were worth $3,100,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Boston Partners boosted its stake in KBR by 12,326.4% in the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock worth $188,098,000 after purchasing an additional 3,216,323 shares in the last quarter. Norges Bank acquired a new position in shares of KBR in the fourth quarter valued at about $104,033,000. Bank of New York Mellon Corp raised its stake in shares of KBR by 87.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company's stock worth $162,503,000 after purchasing an additional 1,307,033 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of KBR by 240.2% during the fourth quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company's stock worth $95,776,000 after purchasing an additional 1,167,282 shares during the period. Finally, Hennessy Advisors Inc. purchased a new position in KBR during the 4th quarter worth approximately $47,022,000. Institutional investors and hedge funds own 97.02% of the company's stock.

Insider Transactions at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were 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 owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This represents a 23.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.11% of the company's stock.

KBR Price Performance

KBR stock traded down $0.65 during trading on Monday, reaching $55.47. The company had a trading volume of 893,987 shares, compared to its average volume of 1,319,841. The firm has a market capitalization of $7.20 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. The firm's 50-day simple moving average is $51.54 and its 200 day simple moving average is $55.44. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.10. The business had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $2.09 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.77 earnings per share. As a group, equities research analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a $0.165 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.66 annualized dividend and a dividend yield of 1.19%. KBR's dividend payout ratio (DPR) is presently 22.07%.

Wall Street Analysts Forecast Growth

KBR has been the subject of several recent research reports. KeyCorp raised their target price on shares of KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Truist Financial reduced their price objective on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group dropped their target price on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Finally, Citigroup lowered their price objective on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, KBR currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.86.

KBR Company 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.