State of Wyoming Raises Holdings in KBR, Inc. (NYSE:KBR)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UMB Bank n.a. boosted its stake in shares of KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after acquiring an additional 175 shares in the last quarter. LRI Investments LLC acquired a new stake in KBR in the fourth quarter valued at approximately $31,000. First Horizon Advisors Inc. purchased a new stake in shares of KBR in the fourth quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of KBR during the 4th quarter worth approximately $68,000. Finally, Venturi Wealth Management LLC lifted its position in shares of KBR by 507.2% during the 4th 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. 97.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on KBR. KeyCorp increased their target price on shares of KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Truist Financial decreased their price target on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group reduced their price objective on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Finally, Citigroup dropped their price target on shares of KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and seven have given 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 Down 1.9%

KBR stock traded down $1.01 during mid-day trading on Friday, reaching $51.34. 408,118 shares of the company's stock were exchanged, compared to its average volume of 1,575,820. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60. The company has a fifty day moving average of $51.80 and a 200-day moving average of $55.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The company has a market cap of $6.66 billion, a P/E ratio of 21.57, a P/E/G ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR - Get Free Report) last released 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. 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 analyst estimates of $2.09 billion. During the same period last year, the business posted $0.77 earnings per share. KBR's revenue was up 13.0% compared to the same quarter last year. Sell-side analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

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

Insider Activity at KBR

In related 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 completion of the sale, the insider now owns 63,533 shares in the company, valued at $3,214,134.47. The trade was a 23.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.11% of the stock is owned by corporate insiders.

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.