Envestnet Asset Management Inc. Boosts Stock Position in KBR, Inc. (NYSE:KBR)

Envestnet Asset Management Inc. increased its position in KBR, Inc. (NYSE:KBR - Free Report) by 168.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,714 shares of the construction company's stock after purchasing an additional 36,827 shares during the quarter. Envestnet Asset Management Inc.'s holdings in KBR were worth $3,401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. increased its stake in shares of 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 buying an additional 175 shares during the period. CIBC Asset Management Inc raised its holdings in shares of 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 purchasing an additional 203 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of KBR in the 4th quarter worth approximately $32,000. Norden Group LLC boosted its stake in shares of KBR by 4.6% during the fourth quarter. Norden Group LLC now owns 12,653 shares of the construction company's stock valued at $733,000 after purchasing an additional 554 shares in the last quarter. Finally, Cetera Trust Company N.A increased its holdings in KBR by 18.8% during the fourth quarter. Cetera Trust Company N.A now owns 3,567 shares of the construction company's stock valued at $207,000 after buying an additional 565 shares during the period. 97.02% of the stock is owned by institutional investors.

Insider Transactions at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction on Friday, March 14th. The shares were 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 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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.11% of the company's stock.

KBR Price Performance

Shares of KBR remained flat at $52.88 during trading hours on Wednesday. 966,103 shares of the stock were exchanged, compared to its average volume of 1,297,804. 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 stock has a 50-day simple moving average of $50.36 and a two-hundred day simple moving average of $56.77. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60. The company has a market capitalization of $6.86 billion, a PE ratio of 22.22, a P/E/G ratio of 0.86 and a beta of 0.73.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.08. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. As a group, research analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Truist Financial reduced their price target on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group lowered their price target on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. KeyCorp reduced their price objective on shares of KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. TD Cowen lowered their target price on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Finally, Citigroup reduced 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. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, KBR currently has a consensus rating of "Moderate Buy" and an average target price of $70.25.

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.