BNP Paribas Financial Markets Grows Position in KBR, Inc. (NYSE:KBR)

BNP Paribas Financial Markets lifted its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,518 shares of the construction company's stock after purchasing an additional 6,832 shares during the period. BNP Paribas Financial Markets' holdings in KBR were worth $3,100,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KBR. Hennessy Advisors Inc. purchased a new stake in KBR in the 4th quarter worth approximately $47,022,000. Wedge Capital Management L L P NC lifted its stake in KBR by 2.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 60,314 shares of the construction company's stock worth $3,494,000 after acquiring an additional 1,539 shares during the period. Diversify Wealth Management LLC boosted its holdings in KBR by 58.5% in the fourth quarter. Diversify Wealth Management LLC now owns 9,665 shares of the construction company's stock valued at $564,000 after acquiring an additional 3,566 shares in the last quarter. Access Financial Services Inc. boosted its holdings in KBR by 28.3% in the fourth quarter. Access Financial Services Inc. now owns 27,688 shares of the construction company's stock valued at $1,604,000 after acquiring an additional 6,100 shares in the last quarter. Finally, UMB Bank n.a. increased its position in KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock valued at $31,000 after purchasing an additional 175 shares during the period. 97.02% of the stock is owned by institutional investors.

KBR Stock Performance

KBR traded down $3.17 during midday trading on Wednesday, hitting $52.17. 413,119 shares of the company traded hands, compared to its average volume of 1,316,387. The company's 50-day moving average is $51.74 and its 200 day moving average is $55.36. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $6.77 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. KBR, Inc. has a 52 week low of $43.89 and a 52 week high of $72.60.

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

KBR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.27%. KBR's dividend payout ratio (DPR) is currently 22.07%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KBR shares. The Goldman Sachs Group dropped their price target on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. KeyCorp upped their price objective on shares of KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Citigroup dropped their price target on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, 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 report on Monday, April 14th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, KBR has an average rating of "Moderate Buy" and a consensus target price of $68.86.

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 transaction, the insider now directly owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This trade represents a 23.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.11% of the stock is currently owned by corporate insiders.

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.