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

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

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in KBR by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company's stock valued at $740,951,000 after purchasing an additional 68,588 shares during the period. Boston Partners boosted its stake in KBR by 12,326.4% during the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock valued at $188,098,000 after purchasing an additional 3,216,323 shares during the period. Franklin Resources Inc. boosted its stake in KBR by 18.7% during the 4th quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company's stock valued at $166,167,000 after purchasing an additional 451,887 shares during the period. Bank of New York Mellon Corp boosted its stake in KBR by 87.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company's stock valued at $162,503,000 after purchasing an additional 1,307,033 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in KBR by 10.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,218,482 shares of the construction company's stock valued at $128,517,000 after purchasing an additional 218,327 shares during the period. Institutional investors own 97.02% of the company's stock.

KBR Price Performance

Shares of KBR stock traded down $1.17 during midday trading on Friday, hitting $51.17. 1,175,512 shares of the company were exchanged, compared to its average volume of 1,330,110. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $6.64 billion, a P/E ratio of 21.50, a PEG ratio of 0.86 and a beta of 0.83. KBR, Inc. has a 52 week low of $43.89 and a 52 week high of $72.60. The firm has a 50 day simple moving average of $51.81 and a 200-day simple moving average of $55.12.

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. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.09 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. KBR's revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS. Research analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

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

Insider Buying and Selling

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 stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KBR. Citigroup reduced 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. Truist Financial reduced their price objective on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. KeyCorp raised their price objective on KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group reduced their price objective on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, KBR currently has a consensus rating of "Moderate Buy" and an average target price of $68.86.

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.