62,619 Shares in KBR, Inc. (NYSE:KBR) Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management acquired a new stake in shares of KBR, Inc. (NYSE:KBR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,619 shares of the construction company's stock, valued at approximately $3,627,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of KBR. UMB Bank n.a. raised its stake in shares of KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock valued at $31,000 after acquiring an additional 175 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of KBR by 4,822.9% during the fourth quarter. SG Americas Securities LLC now owns 194,800 shares of the construction company's stock valued at $11,285,000 after acquiring an additional 190,843 shares during the last quarter. Inspire Investing LLC raised its stake in shares of KBR by 9.4% during the fourth quarter. Inspire Investing LLC now owns 6,917 shares of the construction company's stock valued at $401,000 after acquiring an additional 597 shares during the last quarter. Blue Trust Inc. raised its stake 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 valued at $175,000 after acquiring an additional 1,095 shares during the last quarter. Finally, KBC Group NV raised its stake 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 valued at $315,000 after acquiring an additional 2,199 shares during the last quarter. 97.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Citigroup lowered their price objective on shares of KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research note on Friday, April 25th. The Goldman Sachs Group lowered shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective for the company. in a report on Tuesday. Truist Financial lowered their price objective on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, KeyCorp raised their price objective on shares of KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, KBR has an average rating of "Moderate Buy" and an average price target of $67.57.

KBR Stock Up 2.4%

Shares of NYSE KBR traded up $1.25 on Tuesday, reaching $52.37. 1,811,148 shares of the company's stock traded hands, compared to its average volume of 1,586,161. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60. The business's 50 day simple moving average is $51.80 and its two-hundred day simple moving average is $54.76. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share 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 business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The business's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities research analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

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 given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, June 13th. KBR's dividend payout ratio (DPR) is currently 22.07%.

Insider Activity at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $3,214,134.47. This trade represents a 23.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.11% of the stock is owned by insiders.

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.