KBR, Inc. (NYSE:KBR) Shares Bought by Vident Advisory LLC

Vident Advisory LLC increased its stake in KBR, Inc. (NYSE:KBR - Free Report) by 27.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,129 shares of the construction company's stock after acquiring an additional 18,587 shares during the quarter. Vident Advisory LLC owned approximately 0.06% of KBR worth $4,932,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of KBR in the 4th quarter worth $1,131,000. Blue Trust Inc. grew its holdings in shares of KBR by 56.9% in the 4th quarter. Blue Trust Inc. now owns 3,021 shares of the construction company's stock worth $175,000 after acquiring an additional 1,095 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new position in shares of KBR during the fourth quarter valued at $290,000. Rhumbline Advisers grew its holdings in shares of KBR by 1.3% during the fourth quarter. Rhumbline Advisers now owns 355,496 shares of the construction company's stock valued at $20,594,000 after buying an additional 4,431 shares in the last quarter. Finally, Access Financial Services Inc. grew its holdings in shares of KBR by 28.3% during the fourth quarter. Access Financial Services Inc. now owns 27,688 shares of the construction company's stock valued at $1,604,000 after buying an additional 6,100 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. The trade was 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 hyperlink. Insiders own 1.11% of the company's stock.

KBR Stock Performance

Shares of NYSE KBR opened at $55.47 on Tuesday. The business's 50-day moving average price is $51.64 and its two-hundred day moving average price is $55.36. 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, Inc. has a one year low of $43.89 and a one year high of $72.60. The company has a market capitalization of $7.20 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The construction company reported $0.98 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 for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The business's quarterly revenue was up 13.0% compared to the same quarter last year. Analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.19%. KBR's dividend payout ratio is currently 22.07%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on KBR shares. KeyCorp lifted their price target on KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Truist Financial lowered their price target on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Citigroup lowered their price target on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, The Goldman Sachs Group lowered their price target on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, KBR currently has an average rating of "Moderate Buy" and a consensus price target of $68.86.

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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