Peregrine Capital Management LLC Grows Stock Holdings in KBR, Inc. (NYSE:KBR)

Peregrine Capital Management LLC grew its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 13.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 264,066 shares of the construction company's stock after buying an additional 31,197 shares during the period. Peregrine Capital Management LLC owned 0.20% of KBR worth $13,153,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Truist Financial Corp boosted its holdings in KBR by 287.6% in the fourth quarter. Truist Financial Corp now owns 11,953 shares of the construction company's stock valued at $692,000 after acquiring an additional 8,869 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of KBR during the 4th quarter valued at about $1,131,000. US Bancorp DE boosted its stake in shares of KBR by 101.6% during the 4th quarter. US Bancorp DE now owns 1,992 shares of the construction company's stock valued at $115,000 after purchasing an additional 1,004 shares in the last quarter. Norden Group LLC increased its position in shares of KBR by 4.6% during the fourth quarter. Norden Group LLC now owns 12,653 shares of the construction company's stock valued at $733,000 after buying an additional 554 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in KBR by 37.9% in the fourth quarter. Jones Financial Companies Lllp now owns 2,168 shares of the construction company's stock worth $126,000 after buying an additional 596 shares in the last quarter. Institutional investors own 97.02% of the company's stock.

KBR Stock Up 0.3%

Shares of NYSE:KBR traded up $0.16 on Tuesday, hitting $48.10. 1,718,470 shares of the company traded hands, compared to its average volume of 1,379,455. The stock has a 50 day simple moving average of $52.47 and a 200-day simple moving average of $53.02. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.89. The company has a market cap of $6.24 billion, a PE ratio of 16.09, a PEG ratio of 0.92 and a beta of 0.74. KBR, Inc. has a 52 week low of $43.89 and a 52 week high of $72.60.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.09 billion. KBR had a net margin of 4.99% and a return on equity of 32.55%. KBR's revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business earned $0.77 EPS. As a group, research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a yield of 1.37%. KBR's payout ratio is currently 22.07%.

Insiders Place Their Bets

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the sale, the chief executive officer directly owned 802,361 shares in the company, valued at approximately $42,372,684.41. This trade represents a 2.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KBR has been the topic of several research reports. The Goldman Sachs Group cut KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective on the stock. in a research report on Tuesday, May 27th. Wall Street Zen lowered KBR from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. Truist Financial decreased their price objective on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. Citigroup lowered 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. Finally, KeyCorp downgraded shares of KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $67.57.

About KBR

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.