Janney Montgomery Scott LLC Buys 54,429 Shares of KBR, Inc. (NYSE:KBR)

Janney Montgomery Scott LLC grew its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 476.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,858 shares of the construction company's stock after purchasing an additional 54,429 shares during the period. Janney Montgomery Scott LLC owned about 0.05% of KBR worth $3,280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LRI Investments LLC acquired a new stake in KBR during the 4th quarter worth about $31,000. First Horizon Advisors Inc. acquired a new stake in shares of KBR during the fourth quarter valued at approximately $32,000. GAMMA Investing LLC lifted its position in shares of KBR by 295.5% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock valued at $40,000 after acquiring an additional 594 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in KBR in the 1st quarter worth approximately $47,000. Finally, UMB Bank n.a. boosted its stake in KBR by 146.9% in the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock worth $65,000 after purchasing an additional 780 shares during the period. Institutional investors and hedge funds own 97.02% of the company's stock.

KBR Stock Up 0.4%

NYSE:KBR traded up $0.20 during trading hours on Wednesday, reaching $48.02. The company's stock had a trading volume of 1,776,873 shares, compared to its average volume of 1,375,858. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 0.91 and a beta of 0.77. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. The business's 50-day moving average is $52.63 and its 200-day moving average is $53.35.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.10. KBR had a return on equity of 32.55% and a net margin of 4.99%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the company posted $0.77 EPS. The firm's revenue was up 13.0% on a year-over-year basis. Equities research analysts predict that KBR, Inc. will post 3.26 EPS 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 issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, June 13th. KBR's dividend payout ratio is currently 22.07%.

Analyst Ratings Changes

A number of analysts have recently issued reports on KBR shares. The Goldman Sachs Group lowered KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price for the company. in a report on Tuesday, May 27th. Citigroup decreased their price objective on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research report on Friday, April 25th. KeyCorp lowered shares of KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday. Wall Street Zen downgraded shares of KBR from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, Truist Financial lowered their price target 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, KBR currently has an average rating of "Moderate Buy" and a consensus target price of $67.57.

Insider Activity at KBR

In other news, CEO Stuart Bradie sold 20,000 shares of KBR stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total value of $1,056,200.00. Following the transaction, the chief executive officer now directly owns 802,361 shares in the company, valued at approximately $42,372,684.41. The trade was a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.11% of the stock is currently owned by company insiders.

KBR 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.