Eisler Capital Management Ltd. Purchases Shares of 348,577 KBR, Inc. (NYSE:KBR)

Eisler Capital Management Ltd. bought a new position in shares of KBR, Inc. (NYSE:KBR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 348,577 shares of the construction company's stock, valued at approximately $20,162,000. KBR accounts for about 0.1% of Eisler Capital Management Ltd.'s holdings, making the stock its 8th largest holding. Eisler Capital Management Ltd. owned 0.26% of KBR as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Engine Capital Management LP boosted its position in shares of KBR by 27.7% in the fourth quarter. Engine Capital Management LP now owns 315,798 shares of the construction company's stock valued at $18,294,000 after acquiring an additional 68,500 shares during the period. Ethic Inc. boosted its position in shares of KBR by 28.0% in the fourth quarter. Ethic Inc. now owns 9,137 shares of the construction company's stock valued at $529,000 after acquiring an additional 1,998 shares during the period. Cresset Asset Management LLC boosted its position in shares of KBR by 5.9% in the fourth quarter. Cresset Asset Management LLC now owns 236,456 shares of the construction company's stock valued at $13,731,000 after acquiring an additional 13,250 shares during the period. Cetera Investment Advisers lifted its position in shares of KBR by 65.1% during the 4th quarter. Cetera Investment Advisers now owns 6,922 shares of the construction company's stock valued at $401,000 after acquiring an additional 2,729 shares during the period. Finally, Centiva Capital LP lifted its position in shares of KBR by 75.7% during the 4th quarter. Centiva Capital LP now owns 44,071 shares of the construction company's stock valued at $2,553,000 after acquiring an additional 18,982 shares during the period. Institutional investors own 97.02% of the company's stock.

Insider Transactions at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of KBR 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.11% of the stock is owned by corporate insiders.

KBR Price Performance

NYSE KBR traded up $0.41 on Friday, hitting $55.23. 1,306,784 shares of the company's stock were exchanged, compared to its average volume of 1,320,383. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 0.86 and a beta of 0.83. 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 stock has a 50-day moving average of $51.03 and a 200-day moving average of $55.84. 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 posted its earnings results on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.88 by $0.10. The firm had revenue of $2.06 billion during 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%. The business's quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. Analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend yield of 1.20%. This is an increase from KBR's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 14th. KBR's dividend payout ratio (DPR) is 22.07%.

Wall Street Analyst Weigh In

KBR has been the subject of a number of recent analyst reports. KeyCorp upped their target price on KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a research report on Wednesday. Truist Financial cut their target price on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Citigroup cut their target price on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, The Goldman Sachs Group decreased their price objective on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, KBR presently has a consensus rating of "Moderate Buy" and a consensus price target 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.