Man Group plc Has $12.72 Million Stock Position in KBR, Inc. (NYSE:KBR)

Man Group plc raised its position in KBR, Inc. (NYSE:KBR - Free Report) by 127.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,492 shares of the construction company's stock after purchasing an additional 122,980 shares during the quarter. Man Group plc owned 0.16% of KBR worth $12,715,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. boosted its position in KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after purchasing an additional 175 shares during the period. Utah Retirement Systems grew its holdings in KBR by 2.9% during the 4th quarter. Utah Retirement Systems now owns 7,200 shares of the construction company's stock valued at $417,000 after purchasing an additional 200 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in KBR by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company's stock worth $239,000 after buying an additional 203 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in KBR by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 58,515 shares of the construction company's stock valued at $3,390,000 after buying an additional 360 shares during the last quarter. Finally, Guggenheim Capital LLC grew its stake in shares of KBR by 4.2% during the fourth quarter. Guggenheim Capital LLC now owns 9,838 shares of the construction company's stock valued at $570,000 after acquiring an additional 394 shares in the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the sale, the insider now owns 63,533 shares in the company, valued at $3,214,134.47. This trade represents a 23.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.11% of the company's stock.

KBR Stock Down 5.8%

KBR stock traded down $3.23 during mid-day trading on Wednesday, hitting $52.10. The stock had a trading volume of 2,862,471 shares, compared to its average volume of 1,325,869. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The company has a fifty day moving average of $51.74 and a 200 day moving average of $55.36. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR - Get Free Report) last posted its earnings results on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.88 by $0.10. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The business's quarterly revenue was up 13.0% on a year-over-year basis. On average, equities analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, June 13th. KBR's dividend payout ratio is presently 22.07%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KBR shares. Truist Financial reduced their target price on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Citigroup decreased their price objective on shares of KBR from $77.00 to $69.00 and set a "buy" rating for the company in a report on Friday, April 25th. The Goldman Sachs Group reduced their price target on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Finally, KeyCorp boosted their price objective on KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $68.86.

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.