KBR, Inc. (NYSE:KBR) Shares Sold by Bosman Wealth Management LLC

Bosman Wealth Management LLC lowered its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 38.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,755 shares of the construction company's stock after selling 27,638 shares during the period. KBR makes up approximately 2.3% of Bosman Wealth Management LLC's portfolio, making the stock its 19th biggest holding. Bosman Wealth Management LLC's holdings in KBR were worth $2,229,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Utah Retirement Systems raised its position in shares of KBR by 2.9% in the 4th quarter. Utah Retirement Systems now owns 7,200 shares of the construction company's stock worth $417,000 after buying an additional 200 shares during the period. Cetera Trust Company N.A raised its holdings in shares of KBR by 5.6% in the 1st quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company's stock worth $188,000 after purchasing an additional 200 shares during the period. KBC Group NV lifted its stake in shares of KBR by 4.8% in the 1st quarter. KBC Group NV now owns 5,703 shares of the construction company's stock valued at $284,000 after purchasing an additional 260 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of KBR by 25.2% during the 1st quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock worth $68,000 after purchasing an additional 275 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in KBR by 0.6% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

Insider Buying and Selling

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the company'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 transaction of $1,056,200.00. Following the sale, the chief executive officer owned 802,361 shares in the company, valued at $42,372,684.41. This represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.11% of the company's stock.

KBR Stock Down 1.5%

NYSE KBR traded down $0.70 during mid-day trading on Friday, reaching $46.44. 1,077,795 shares of the company's stock traded hands, compared to its average volume of 1,398,164. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.89. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The company has a fifty day simple moving average of $51.66 and a 200-day simple moving average of $52.55. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 0.90 and a beta of 0.74.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.10. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.09 billion. KBR had a net margin of 4.99% and a return on equity of 32.55%. The business's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 earnings per share. As a group, equities research analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a dividend of $0.165 per share. The ex-dividend date is Friday, June 13th. This represents a $0.66 annualized dividend and a dividend yield of 1.42%. KBR's payout ratio is 22.07%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KBR. Wall Street Zen downgraded KBR from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. KeyCorp lowered KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday, June 23rd. 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. Truist Financial lowered their price objective on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, The Goldman Sachs Group lowered shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective on the stock. in a research note on Tuesday, May 27th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $64.14.

KBR 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.