Allianz Asset Management GmbH Has $225,000 Holdings in KBR, Inc. (NYSE:KBR)

Allianz Asset Management GmbH cut its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 57.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,516 shares of the construction company's stock after selling 6,187 shares during the quarter. Allianz Asset Management GmbH's holdings in KBR were worth $225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KBR. Dynasty Wealth Management LLC increased its position in KBR by 118.1% in the first quarter. Dynasty Wealth Management LLC now owns 10,299 shares of the construction company's stock worth $513,000 after purchasing an additional 5,577 shares during the period. Kornitzer Capital Management Inc. KS lifted its holdings in shares of KBR by 1.1% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 159,515 shares of the construction company's stock valued at $7,945,000 after purchasing an additional 1,795 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of KBR by 44.1% during the 1st quarter. Signaturefd LLC now owns 1,438 shares of the construction company's stock valued at $72,000 after purchasing an additional 440 shares in the last quarter. Edgestream Partners L.P. lifted its stake in KBR by 1,050.9% in the 1st quarter. Edgestream Partners L.P. now owns 43,412 shares of the construction company's stock valued at $2,162,000 after acquiring an additional 39,640 shares in the last quarter. Finally, Fortress Financial Solutions LLC lifted its stake in KBR by 19.9% in the 1st quarter. Fortress Financial Solutions LLC now owns 6,104 shares of the construction company's stock valued at $304,000 after acquiring an additional 1,013 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Trading Up 0.9%

KBR stock traded up $0.45 during trading hours on Thursday, hitting $50.07. The stock had a trading volume of 885,153 shares, compared to its average volume of 1,553,621. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.73. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 0.99 and a beta of 0.76. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. The business's 50 day simple moving average is $49.05 and its 200-day simple moving average is $51.09.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.03. KBR had a return on equity of 33.65% and a net margin of 4.52%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same period last year, the company earned $0.83 earnings per share. The firm's revenue was up 5.7% compared to the same quarter last year. On average, equities analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, June 13th. KBR's payout ratio is presently 23.91%.

Insiders Place Their Bets

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total value of $1,056,200.00. Following the completion of the sale, the chief executive officer owned 802,361 shares of the company's stock, valued at approximately $42,372,684.41. This trade represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.11% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KBR shares. KeyCorp lowered KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Citigroup dropped their price target on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Stifel Nicolaus upped their price objective on KBR from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, August 1st. Truist Financial decreased 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. Finally, Wall Street Zen lowered KBR from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $63.75.

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.