Mackenzie Financial Corp Increases Stock Position in KBR, Inc. (NYSE:KBR)

Mackenzie Financial Corp boosted its position in KBR, Inc. (NYSE:KBR - Free Report) by 54.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 86,444 shares of the construction company's stock after purchasing an additional 30,468 shares during the period. Mackenzie Financial Corp owned about 0.06% of KBR worth $5,008,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of KBR by 56.9% during the fourth quarter. Blue Trust Inc. now owns 3,021 shares of the construction company's stock worth $175,000 after purchasing an additional 1,095 shares during the period. KBC Group NV increased its holdings in shares of KBR by 67.8% during the fourth quarter. KBC Group NV now owns 5,443 shares of the construction company's stock worth $315,000 after purchasing an additional 2,199 shares during the period. Mount Yale Investment Advisors LLC bought a new position in shares of KBR during the fourth quarter worth approximately $290,000. R Squared Ltd bought a new position in shares of KBR during the fourth quarter worth approximately $104,000. Finally, Alliance Wealth Advisors LLC UT increased its holdings in shares of KBR by 7.3% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 11,275 shares of the construction company's stock worth $653,000 after purchasing an additional 764 shares during the period. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Trading Down 2.0%

KBR stock traded down $1.06 during midday trading on Monday, hitting $51.13. The stock had a trading volume of 1,155,313 shares, compared to its average volume of 1,339,994. The firm has a market cap of $6.63 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The business has a fifty day moving average price of $51.89 and a two-hundred day moving average price of $54.24.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.09 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business's revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 earnings per share. On average, sell-side analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The company also recently declared 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 yield of 1.29%. The ex-dividend date is Friday, June 13th. KBR's dividend payout ratio (DPR) is presently 22.07%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Citigroup decreased 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. Truist Financial cut their target price 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. The Goldman Sachs Group lowered shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price on the stock. in a research report on Tuesday, May 27th. Finally, KeyCorp raised 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $67.57.

Insider Buying and Selling at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.11% of the company's stock.

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.