Man Group plc Purchases 122,980 Shares of KBR, Inc. (NYSE:KBR)

Man Group plc increased its stake in KBR, Inc. (NYSE:KBR - Free Report) by 127.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 219,492 shares of the construction company's stock after acquiring an additional 122,980 shares during the period. Man Group plc owned about 0.16% of KBR worth $12,715,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KBR. Proficio Capital Partners LLC bought a new position in shares of KBR during the 4th quarter valued at about $1,131,000. Blue Trust Inc. grew its position in KBR by 56.9% during the fourth quarter. Blue Trust Inc. now owns 3,021 shares of the construction company's stock valued at $175,000 after acquiring an additional 1,095 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new position in shares of KBR during the fourth quarter worth approximately $290,000. Rhumbline Advisers lifted its holdings in shares of KBR by 1.3% in the 4th quarter. Rhumbline Advisers now owns 355,496 shares of the construction company's stock worth $20,594,000 after acquiring an additional 4,431 shares during the last quarter. Finally, Access Financial Services Inc. boosted its stake in shares of KBR by 28.3% in the 4th quarter. Access Financial Services Inc. now owns 27,688 shares of the construction company's stock valued at $1,604,000 after purchasing an additional 6,100 shares in the last quarter. Institutional investors own 97.02% of the company's stock.

Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the firm'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 completion of the sale, the insider now directly owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This trade represents a 23.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.11% of the company's stock.

Wall Street Analysts Forecast Growth

KBR has been the topic of a number of analyst reports. Citigroup decreased their target price 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. Truist Financial decreased their price objective on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 14th. KeyCorp increased their target price on KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group decreased their price target on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, KBR has a consensus rating of "Moderate Buy" and an average price target of $68.86.

KBR Trading Down 1.9%

Shares of NYSE KBR traded down $0.99 during trading hours on Friday, hitting $51.35. The company's stock had a trading volume of 343,755 shares, compared to its average volume of 1,324,964. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 0.86 and a beta of 0.83. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The business has a 50-day simple moving average of $51.80 and a 200-day simple moving average of $55.23.

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

KBR Dividend Announcement

The business 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 $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, June 13th. KBR's dividend payout ratio (DPR) is currently 22.07%.

KBR Company 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.