PharVision Advisers LLC Purchases Shares of 5,315 KBR, Inc. (NYSE:KBR)

PharVision Advisers LLC purchased a new stake in KBR, Inc. (NYSE:KBR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,315 shares of the construction company's stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LRI Investments LLC purchased a new position in KBR during the fourth quarter valued at $31,000. UMB Bank n.a. raised its stake in KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock valued at $31,000 after purchasing an additional 175 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in KBR in the 4th quarter valued at $32,000. Wilmington Savings Fund Society FSB acquired a new stake in KBR during the 4th quarter worth $68,000. Finally, Venturi Wealth Management LLC boosted its stake in KBR by 507.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after purchasing an additional 1,339 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Trading Down 2.2%

NYSE:KBR traded down $1.17 during trading hours on Friday, hitting $51.17. The company had a trading volume of 1,175,512 shares, compared to its average volume of 1,333,608. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The company has a 50-day moving average of $51.81 and a 200 day moving average of $55.01. The company has a market cap of $6.64 billion, a P/E ratio of 21.50, a P/E/G ratio of 0.86 and a beta of 0.83. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, beating the consensus estimate 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 net margin of 4.35% and a return on equity of 28.87%. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 EPS. Sell-side analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 1.29%. The ex-dividend date of this dividend is Friday, June 13th. KBR's payout ratio is presently 22.07%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KBR shares. Citigroup decreased their price target on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Truist Financial decreased their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. KeyCorp raised their price target on shares of KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group decreased their price target on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $68.86.

Insider Activity

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction dated 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 transaction, 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 filing with the SEC, which is available through the SEC website. Corporate insiders own 1.11% of the company's stock.

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.