Mutual of America Capital Management LLC Decreases Holdings in KBR, Inc. (NYSE:KBR)

Mutual of America Capital Management LLC cut its stake in KBR, Inc. (NYSE:KBR - Free Report) by 37.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,577 shares of the construction company's stock after selling 41,913 shares during the period. Mutual of America Capital Management LLC owned 0.05% of KBR worth $3,416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of KBR. LRI Investments LLC bought a new stake in shares of KBR during the fourth quarter worth approximately $31,000. GAMMA Investing LLC boosted its holdings in shares of KBR by 295.5% in the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock valued at $40,000 after buying an additional 594 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of KBR in the first quarter valued at approximately $47,000. UMB Bank n.a. boosted its holdings in shares of KBR by 146.9% in the first quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock valued at $65,000 after buying an additional 780 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of KBR by 25.2% in the first quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock valued at $68,000 after buying an additional 275 shares during the period. 97.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KBR. Wall Street Zen lowered shares of KBR from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. The Goldman Sachs Group lowered shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective on the stock. in a research report on Tuesday, May 27th. Citigroup cut their price objective on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. UBS Group lowered shares of KBR from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $66.00 to $54.00 in a research report on Wednesday, July 2nd. Finally, Truist Financial cut their price objective on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $64.14.

KBR Trading Down 1.0%

Shares of NYSE KBR traded down $0.47 during midday trading on Friday, reaching $46.60. The stock had a trading volume of 913,537 shares, compared to its average volume of 1,403,719. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 0.90 and a beta of 0.74. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.11 and a current ratio of 1.11. The company's 50 day moving average price is $50.80 and its 200 day moving average price is $52.10.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.10. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.09 billion. KBR had a net margin of 4.99% and a return on equity of 32.55%. KBR's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 EPS. As a group, 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 was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were paid a $0.165 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.66 annualized dividend and a dividend yield of 1.42%. KBR's payout ratio is 22.07%.

Insiders Place Their Bets

In related news, CEO Stuart Bradie sold 20,000 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the completion of the transaction, the chief executive officer owned 802,361 shares in the company, valued at approximately $42,372,684.41. This represents a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.11% of the company's stock.

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.