CX Institutional Reduces Stock Holdings in KBR, Inc. (NYSE:KBR)

CX Institutional cut its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 79.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,934 shares of the construction company's stock after selling 11,021 shares during the quarter. CX Institutional's holdings in KBR were worth $146,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in KBR. LRI Investments LLC acquired a new stake in shares of KBR during the fourth quarter valued at $31,000. First Horizon Advisors Inc. acquired a new stake in shares of KBR during the 4th quarter worth about $32,000. GAMMA Investing LLC grew its holdings in shares of KBR by 295.5% during the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after buying an additional 594 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of KBR in the first quarter valued at approximately $47,000. Finally, UMB Bank n.a. lifted its stake in shares of KBR by 146.9% during the first quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock valued at $65,000 after buying an additional 780 shares during the period. Institutional investors and hedge funds own 97.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup cut their price target on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a report on Friday, April 25th. KeyCorp upped their target price on KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group lowered KBR from a "buy" rating to a "neutral" rating and set a $55.00 price target on the stock. in a research note on Tuesday, May 27th. Wall Street Zen downgraded shares of KBR from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, Truist Financial cut their price objective on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, KBR has an average rating of "Moderate Buy" and a consensus price target of $67.57.

KBR Trading Down 0.3%

NYSE:KBR traded down $0.15 on Tuesday, hitting $52.96. 697,258 shares of the stock were exchanged, compared to its average volume of 1,342,328. The stock has a fifty day moving average of $52.59 and a 200-day moving average of $53.73. The stock has a market cap of $6.87 billion, a PE ratio of 14.92, a PEG ratio of 1.01 and a beta of 0.77. 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 fifty-two week low of $43.89 and a fifty-two 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 4.99% and a return on equity of 32.55%. The company's revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. As a group, equities analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.66 annualized dividend and a dividend yield of 1.25%. KBR's payout ratio is 22.07%.

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.