Delphi Management Inc. MA Takes Position in KBR, Inc. (NYSE:KBR)

Delphi Management Inc. MA purchased a new stake in KBR, Inc. (NYSE:KBR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,850 shares of the construction company's stock, valued at approximately $291,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KBR. LRI Investments LLC acquired a new stake in KBR in the fourth quarter valued at $31,000. First Horizon Advisors Inc. acquired a new stake in KBR in the fourth quarter valued at $32,000. Wilmington Savings Fund Society FSB acquired a new stake in KBR in the fourth quarter valued at $68,000. Venturi Wealth Management LLC raised its stake in KBR by 507.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock valued at $93,000 after buying an additional 1,339 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in KBR in the fourth quarter valued at $104,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citigroup dropped their price objective on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Truist Financial dropped 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. The Goldman Sachs Group lowered KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective on the stock. in a report on Tuesday, May 27th. Finally, KeyCorp raised their price objective on KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, KBR has a consensus rating of "Moderate Buy" and an average target price of $67.57.

KBR Stock Performance

KBR stock traded down $1.06 during trading on Monday, hitting $51.13. The company had a trading volume of 1,155,313 shares, compared to its average volume of 1,339,980. The firm has a market cap of $6.63 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The firm has a 50-day moving average price of $51.89 and a 200-day moving average price of $54.30. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.10. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.09 billion. During the same quarter in the previous year, the firm posted $0.77 EPS. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Friday, June 13th. KBR's dividend payout ratio is presently 22.07%.

Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the sale, the insider now owns 63,533 shares of the company's stock, valued at $3,214,134.47. The trade was a 23.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.11% of the stock is owned by corporate insiders.

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.