Dimensional Fund Advisors LP Has $126.45 Million Stock Holdings in KBR, Inc. (NYSE:KBR)

Dimensional Fund Advisors LP boosted its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,182,921 shares of the construction company's stock after purchasing an additional 130,535 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.64% of KBR worth $126,452,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. UMB Bank n.a. raised its holdings in KBR by 49.2% in 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 in the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of KBR in the 4th quarter valued at $32,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of KBR during the 4th quarter worth $68,000. Venturi Wealth Management LLC grew its stake in shares of KBR by 507.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after purchasing an additional 1,339 shares in the last quarter. Finally, R Squared Ltd purchased a new position in KBR in the fourth quarter valued at $104,000. Institutional investors and hedge funds own 97.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KBR shares. Truist Financial dropped their price objective on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group reduced their target price on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. TD Cowen cut their price target on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. KeyCorp reduced their price target on shares of KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup dropped their price objective on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. 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, the company has a consensus rating of "Moderate Buy" and an average target price of $70.25.

KBR Price Performance

Shares of KBR remained flat at $52.88 during mid-day trading on Wednesday. 966,103 shares of the stock were exchanged, compared to its average volume of 1,300,238. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a 50-day moving average of $50.29 and a two-hundred day moving average of $56.80. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share 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 firm 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 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 paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio (DPR) is currently 23.57%.

Insider Buying and Selling

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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.11% of the stock is 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.