Cerity Partners LLC Increases Stock Holdings in KBR, Inc. (NYSE:KBR)

Cerity Partners LLC increased its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 697.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,314 shares of the construction company's stock after acquiring an additional 23,887 shares during the quarter. Cerity Partners LLC's holdings in KBR were worth $1,361,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in KBR by 295.5% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after purchasing an additional 594 shares in the last quarter. Principal Financial Group Inc. raised its stake in KBR by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 307,121 shares of the construction company's stock worth $15,298,000 after acquiring an additional 1,343 shares during the last quarter. KBC Group NV lifted its position in KBR by 4.8% during the 1st quarter. KBC Group NV now owns 5,703 shares of the construction company's stock worth $284,000 after acquiring an additional 260 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in KBR by 26.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,776 shares of the construction company's stock valued at $335,000 after purchasing an additional 1,210 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of KBR by 1,402.2% in the first quarter. Farther Finance Advisors LLC now owns 1,367 shares of the construction company's stock valued at $68,000 after purchasing an additional 1,276 shares during the period. Hedge funds and other institutional investors own 97.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KBR. Truist Financial decreased their target price on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. Citigroup cut their target price on shares of KBR from $77.00 to $69.00 and set a "buy" rating for the company in a report on Friday, April 25th. The Goldman Sachs Group lowered shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price target on the stock. in a research report on Tuesday, May 27th. UBS Group downgraded shares of KBR from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $66.00 to $54.00 in a research report on Wednesday, July 2nd. Finally, Wall Street Zen cut KBR from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $64.14.

KBR Price Performance

Shares of KBR stock traded down $0.41 during mid-day trading on Thursday, reaching $47.14. 413,922 shares of the stock traded hands, compared to its average volume of 1,518,280. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.89. The business has a 50-day moving average of $50.41 and a 200 day moving average of $51.89. The stock has a market capitalization of $6.12 billion, a PE ratio of 15.76, a PEG ratio of 0.90 and a beta of 0.74. KBR, Inc. has a fifty-two week low of $43.89 and a fifty-two week high of $72.60.

KBR (NYSE:KBR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.10. The company had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.09 billion. KBR had a net margin of 4.99% and a return on equity of 32.55%. The firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 EPS. On average, analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were issued a $0.165 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a yield of 1.40%. KBR's payout ratio is 22.07%.

Insiders Place Their Bets

In other 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 value of $1,056,200.00. Following the completion of the sale, the chief executive officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.11% of the stock is owned by company 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.