Wedge Capital Management L L P NC Increases Position in KBR, Inc. (NYSE:KBR)

Wedge Capital Management L L P NC lifted its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 18.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,555 shares of the construction company's stock after buying an additional 11,241 shares during the period. Wedge Capital Management L L P NC owned about 0.06% of KBR worth $3,564,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. LRI Investments LLC purchased a new position in KBR in the fourth quarter worth $31,000. First Horizon Advisors Inc. acquired a new position in shares of KBR during the 4th quarter worth $32,000. UMB Bank n.a. increased its holdings in shares of KBR by 146.9% in the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock valued at $65,000 after purchasing an additional 780 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of KBR in the fourth quarter valued at about $68,000. Finally, Venturi Wealth Management LLC boosted its holdings in KBR by 507.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $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.

Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now directly owns 63,533 shares of the company's stock, valued at $3,214,134.47. The trade was a 23.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.11% of the stock is owned by company insiders.

KBR Trading Down 0.1%

KBR stock traded down $0.07 during trading on Tuesday, hitting $52.78. The company's stock had a trading volume of 618,354 shares, compared to its average volume of 1,338,693. The stock's fifty day moving average is $52.04 and its 200 day moving average is $54.01. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 0.86 and a beta of 0.77. 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 posted its quarterly earnings data 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 net margin of 4.35% and a return on equity of 28.87%. 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 company's quarterly revenue was up 13.0% compared to the same quarter last year. As a group, equities research analysts predict 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 issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Friday, June 13th. KBR's payout ratio is currently 22.07%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. The Goldman Sachs Group lowered KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price on the stock. in a report on Tuesday, May 27th. Citigroup lowered their price objective on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Wall Street Zen cut shares of KBR from a "strong-buy" rating to a "buy" rating in a research report on Saturday. KeyCorp increased their price target 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. Finally, Truist Financial dropped their price target on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $67.57.

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.