GAMMA Investing LLC Has $1.97 Million Stock Position in KBR, Inc. (NYSE:KBR)

GAMMA Investing LLC boosted its position in KBR, Inc. (NYSE:KBR - Free Report) by 19,601.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,599 shares of the construction company's stock after buying an additional 39,398 shares during the quarter. GAMMA Investing LLC's holdings in KBR were worth $1,972,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KBR. Sumitomo Mitsui Trust Group Inc. boosted its holdings in KBR by 2.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 43,488 shares of the construction company's stock valued at $2,519,000 after purchasing an additional 1,239 shares during the period. Apollon Wealth Management LLC bought a new position in shares of KBR during the 4th quarter worth about $487,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of KBR during the 4th quarter worth about $68,000. Allspring Global Investments Holdings LLC increased its position in shares of KBR by 840.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,907 shares of the construction company's stock worth $284,000 after purchasing an additional 4,385 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of KBR by 33.0% during the 4th quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company's stock worth $51,099,000 after purchasing an additional 218,853 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Price Performance

NYSE:KBR opened at $53.39 on Friday. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. The company has a market cap of $6.93 billion, a P/E ratio of 22.43, a P/E/G ratio of 0.86 and a beta of 0.77. The firm's fifty day moving average price is $52.47 and its two-hundred day moving average price is $53.88. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07.

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, beating analysts' consensus estimates of $0.88 by $0.10. The company had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $2.09 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. KBR's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 earnings per share. Equities analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 yield of 1.24%. KBR's dividend payout ratio is 22.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KBR shares. 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. KeyCorp lifted their price objective on shares of KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Wall Street Zen lowered shares of KBR from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 7th. 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 report on Tuesday, May 27th. Finally, Citigroup cut their price objective on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, KBR presently has a consensus rating of "Moderate Buy" and an average target price of $67.57.

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.

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