Sowell Financial Services LLC acquired a new stake in shares of KBR, Inc. (NYSE:KBR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,408 shares of the construction company's stock, valued at approximately $518,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC purchased a new position in shares of KBR during the 4th quarter worth $31,000. First Horizon Advisors Inc. acquired a new position in KBR in the fourth quarter valued at $32,000. GAMMA Investing LLC lifted its position in KBR by 295.5% during the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after buying an additional 594 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in KBR in the 1st quarter worth about $47,000. Finally, UMB Bank n.a. grew its holdings in KBR by 146.9% in the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock valued at $65,000 after buying an additional 780 shares during the period. 97.02% of the stock is owned by hedge funds and other institutional investors.
KBR Stock Down 7.2%
KBR stock traded down $3.83 during trading on Friday, reaching $48.96. 5,150,045 shares of the company's stock were exchanged, compared to its average volume of 1,361,045. KBR, Inc. has a 52-week low of $43.89 and a 52-week high of $72.60. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 1.00 and a beta of 0.77. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.11 and a current ratio of 1.11. The company's 50-day moving average is $52.76 and its two-hundred day moving average is $53.66.
KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.10. KBR had a return on equity of 32.55% and a net margin of 4.99%. The company had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.09 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The firm's quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts predict that KBR, Inc. will post 3.26 earnings per share for the current 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 dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, June 13th. KBR's dividend payout ratio (DPR) is currently 22.07%.
Wall Street Analyst Weigh In
KBR has been the topic of several recent analyst reports. The Goldman Sachs Group lowered shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective on the stock. in a report on Tuesday, May 27th. Wall Street Zen downgraded shares of KBR from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 7th. Truist Financial lowered their price objective on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Citigroup dropped their price objective on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, KeyCorp lifted their target price on KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $67.57.
Read Our Latest Stock Report on KBR
KBR Company Profile
(
Free Report)
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.
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