Canada Pension Plan Investment Board Purchases 51,000 Shares of KBR, Inc. (NYSE:KBR)

Canada Pension Plan Investment Board boosted its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 389.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,100 shares of the construction company's stock after acquiring an additional 51,000 shares during the period. Canada Pension Plan Investment Board's holdings in KBR were worth $3,713,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KBR. UMB Bank n.a. increased its stake in KBR by 49.2% during the fourth 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 period. First Horizon Advisors Inc. bought a new position in KBR during the fourth quarter valued at about $32,000. Wilmington Savings Fund Society FSB bought a new stake in shares of KBR in the 4th quarter valued at approximately $68,000. Venturi Wealth Management LLC raised its holdings in shares of KBR by 507.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after buying an additional 1,339 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of KBR during the 4th quarter worth approximately $104,000. 97.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KBR shares. The Goldman Sachs Group dropped their price objective on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. KeyCorp cut 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. TD Cowen dropped 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. Truist Financial dropped 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. Finally, Citigroup dropped their price objective on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a report on Friday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $70.25.

KBR Stock Down 0.4 %

Shares of KBR traded down $0.20 on Monday, hitting $52.85. The company's stock had a trading volume of 1,185,539 shares, compared to its average volume of 1,306,278. 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's fifty day moving average price is $50.24 and its 200-day moving average price is $56.83. KBR, Inc. has a fifty-two week low of $43.89 and a fifty-two week high of $72.60. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 22.21, 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 data 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 during the quarter, compared to analyst estimates of $2 billion. On average, equities research analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were paid a $0.165 dividend. This is a boost from KBR's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.66 annualized dividend and a yield of 1.25%. KBR's payout ratio is presently 23.57%.

Insider Buying and Selling at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 63,533 shares in the company, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.11% of the company's stock.

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.