KBR, Inc. (NYSE:KBR) Stock Holdings Lifted by Cresset Asset Management LLC

Cresset Asset Management LLC increased its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 236,456 shares of the construction company's stock after purchasing an additional 13,250 shares during the quarter. Cresset Asset Management LLC owned 0.18% of KBR worth $13,731,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of KBR. UMB Bank n.a. lifted 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 worth $31,000 after purchasing an additional 175 shares in the last quarter. Utah Retirement Systems boosted its holdings in KBR by 2.9% during the 4th quarter. Utah Retirement Systems now owns 7,200 shares of the construction company's stock valued at $417,000 after acquiring an additional 200 shares during the period. CIBC Asset Management Inc grew its position in KBR by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company's stock valued at $239,000 after acquiring an additional 203 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in KBR by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 58,515 shares of the construction company's stock worth $3,390,000 after purchasing an additional 360 shares during the period. Finally, Guggenheim Capital LLC increased its stake in KBR by 4.2% during the fourth quarter. Guggenheim Capital LLC now owns 9,838 shares of the construction company's stock worth $570,000 after purchasing an additional 394 shares during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction dated 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. The trade was a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.11% of the stock is owned by insiders.

KBR Price Performance

Shares of KBR traded up $0.41 during trading hours on Friday, reaching $55.23. 1,306,784 shares of the company traded hands, compared to its average volume of 1,318,439. The stock has a market capitalization of $7.17 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. The stock has a fifty day simple moving average of $51.03 and a 200 day simple moving average of $55.99. KBR, Inc. has a fifty-two week low of $43.89 and a fifty-two week high of $72.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share 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 the consensus estimate of $2.09 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. During the same period in the prior year, the business posted $0.77 earnings per share. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, research analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.20%. This is a boost from KBR's previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 14th. KBR's payout ratio is 23.57%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. The Goldman Sachs Group dropped their price target 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. KeyCorp increased their price target on KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a research report on Wednesday. Truist Financial lowered 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. Finally, Citigroup reduced their target price 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $68.86.

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.