Neo Ivy Capital Management Makes New $3.63 Million Investment in KBR, Inc. (NYSE:KBR)

Neo Ivy Capital Management bought a new position in shares of KBR, Inc. (NYSE:KBR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 62,619 shares of the construction company's stock, valued at approximately $3,627,000.

Several other large investors also recently bought and sold shares of the stock. UMB Bank n.a. increased its holdings in KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock valued at $31,000 after buying an additional 175 shares during the last quarter. LRI Investments LLC purchased a new position in shares of KBR in the 4th quarter valued at about $31,000. First Horizon Advisors Inc. acquired a new stake in shares of KBR during the 4th quarter worth about $32,000. Wilmington Savings Fund Society FSB purchased a new stake in KBR during the fourth quarter worth approximately $68,000. Finally, Venturi Wealth Management LLC boosted its holdings in KBR by 507.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock valued at $93,000 after purchasing an additional 1,339 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Stock Performance

NYSE KBR traded down $0.36 during trading on Wednesday, reaching $52.08. The company's stock had a trading volume of 515,928 shares, compared to its average volume of 1,332,399. The business's fifty day moving average price is $51.85 and its 200-day moving average price is $54.74. 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 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.10. The firm had revenue of $2.06 billion for 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%. The business's revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $0.77 earnings per share. As a group, analysts anticipate that KBR, Inc. will post 3.26 EPS 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 dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, June 13th. KBR's dividend payout ratio is presently 22.07%.

Analysts Set New Price Targets

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

Insider Activity at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the sale, the insider now owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. The trade was a 23.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.11% of the stock is currently 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.