Nuveen Asset Management LLC Purchases 25,230 Shares of KBR, Inc. (NYSE:KBR)

Nuveen Asset Management LLC increased its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 651,981 shares of the construction company's stock after buying an additional 25,230 shares during the quarter. Nuveen Asset Management LLC owned 0.49% of KBR worth $37,769,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of KBR. LRI Investments LLC bought a new position in shares of KBR during the fourth quarter valued at $31,000. J. Goldman & Co LP bought a new position in KBR during the 4th quarter valued at about $26,128,000. Jacobs Levy Equity Management Inc. boosted its position in KBR by 10.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,218,482 shares of the construction company's stock valued at $128,517,000 after buying an additional 218,327 shares in the last quarter. Hudson Way Capital Management LLC grew its stake in KBR by 128.3% during the fourth quarter. Hudson Way Capital Management LLC now owns 1,053,710 shares of the construction company's stock worth $61,041,000 after buying an additional 592,063 shares during the last quarter. Finally, Gotham Asset Management LLC grew its stake in KBR by 85.7% during the fourth quarter. Gotham Asset Management LLC now owns 261,621 shares of the construction company's stock worth $15,156,000 after buying an additional 120,728 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. KeyCorp lifted their target price on shares of KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Citigroup cut their price objective on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research report on Friday, April 25th. The Goldman Sachs Group reduced their price objective on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Finally, Truist Financial lowered 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $68.86.

Insider Transactions at KBR

In other KBR 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 value of $961,210.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.11% of the stock is owned by corporate insiders.

KBR Trading Down 2.2%

NYSE:KBR traded down $1.17 during trading hours on Monday, hitting $51.17. 1,175,512 shares of the stock were exchanged, compared to its average volume of 1,333,608. The company has a market capitalization of $6.64 billion, a P/E ratio of 21.50, 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. The company's 50 day moving average is $51.81 and its two-hundred day moving average is $54.90. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.10. The business 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 firm's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 earnings per share. On average, sell-side analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Friday, June 13th. KBR's dividend payout ratio (DPR) is presently 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.