Two Sigma Advisers LP Boosts Stock Position in KBR, Inc. (NYSE:KBR)

Two Sigma Advisers LP raised its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 76.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,600 shares of the construction company's stock after acquiring an additional 19,800 shares during the quarter. Two Sigma Advisers LP's holdings in KBR were worth $2,642,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in KBR in the 4th quarter valued at $1,131,000. Blue Trust Inc. grew its holdings in shares of KBR by 56.9% during the fourth quarter. Blue Trust Inc. now owns 3,021 shares of the construction company's stock worth $175,000 after buying an additional 1,095 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of KBR in the fourth quarter valued at about $290,000. Rhumbline Advisers raised its holdings in KBR by 1.3% in the 4th quarter. Rhumbline Advisers now owns 355,496 shares of the construction company's stock valued at $20,594,000 after acquiring an additional 4,431 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in KBR by 37.9% during the fourth quarter. Jones Financial Companies Lllp now owns 2,168 shares of the construction company's stock worth $126,000 after purchasing an additional 596 shares during the period. Institutional investors and hedge funds own 97.02% of the company's stock.

KBR Trading Up 1.5%

Shares of KBR stock traded up $0.76 during trading hours on Friday, reaching $52.19. The stock had a trading volume of 1,445,305 shares, compared to its average volume of 1,339,027. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60. The firm has a 50 day simple moving average of $51.88 and a two-hundred day simple moving average of $54.58. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the firm earned $0.77 EPS. The firm's quarterly revenue was up 13.0% compared to the same quarter last year. As a group, equities research analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, June 13th. KBR's dividend payout ratio (DPR) is 22.07%.

Wall Street Analyst Weigh In

KBR has been the subject of a number of research analyst reports. Citigroup lowered 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. Truist Financial lowered their target price 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. KeyCorp increased their price objective on KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group cut KBR from a "buy" rating to a "neutral" rating and set a $55.00 price target for the company. in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $67.57.

Insider Transactions at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the sale, the insider now directly owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This trade represents a 23.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.11% of the company's stock.

About KBR

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.