State of Wyoming Increases Stock Position in KBR, Inc. (NYSE:KBR)

State of Wyoming raised its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 162.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,515 shares of the construction company's stock after buying an additional 14,558 shares during the period. State of Wyoming's holdings in KBR were worth $1,362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in shares of KBR in the fourth quarter worth $1,131,000. Blue Trust Inc. increased its stake in shares of KBR by 56.9% in the fourth quarter. Blue Trust Inc. now owns 3,021 shares of the construction company's stock worth $175,000 after purchasing an additional 1,095 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in shares of KBR in the fourth quarter worth $290,000. Rhumbline Advisers increased its stake in shares of KBR by 1.3% in the fourth quarter. Rhumbline Advisers now owns 355,496 shares of the construction company's stock worth $20,594,000 after purchasing an additional 4,431 shares in the last quarter. Finally, Access Financial Services Inc. increased its stake in shares of KBR by 28.3% in the fourth quarter. Access Financial Services Inc. now owns 27,688 shares of the construction company's stock worth $1,604,000 after purchasing an additional 6,100 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction dated 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 in the company, valued at $3,214,134.47. This trade represents a 23.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.11% of the company's stock.

Wall Street Analyst Weigh In

KBR has been the subject of several research analyst reports. The Goldman Sachs Group cut their target price on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Truist Financial cut their target price on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note 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 research note on Friday, April 25th. Finally, KeyCorp lifted their price target on KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $68.86.

KBR Stock Performance

NYSE KBR traded down $3.23 during mid-day trading on Wednesday, reaching $52.10. 2,862,471 shares of the stock were exchanged, compared to its average volume of 1,328,293. The business's 50 day moving average is $51.74 and its 200-day moving average is $55.36. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60. The company has a market capitalization of $6.76 billion, a P/E ratio of 21.89, a P/E/G ratio of 0.86 and a beta of 0.83. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

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, topping analysts' consensus estimates of $0.88 by $0.10. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.09 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. On average, equities research analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, June 13th. KBR's dividend payout ratio (DPR) is 22.07%.

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.