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Squarepoint Ops LLC Buys 16,148 Shares of KBR, Inc. (NYSE:KBR)

KBR logo with Construction background

Squarepoint Ops LLC grew its position in KBR, Inc. (NYSE:KBR - Free Report) by 9.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 182,646 shares of the construction company's stock after purchasing an additional 16,148 shares during the period. Squarepoint Ops LLC owned about 0.14% of KBR worth $10,581,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in KBR by 49.2% during 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 period. LRI Investments LLC bought a new stake in shares of KBR in the 4th quarter valued at about $31,000. First Horizon Advisors Inc. bought a new stake in shares of KBR in the 4th quarter valued at about $32,000. Wilmington Savings Fund Society FSB bought a new stake in shares of KBR in the 4th quarter valued at about $68,000. Finally, Venturi Wealth Management LLC increased its stake in shares of KBR by 507.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock valued at $93,000 after acquiring an additional 1,339 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

KBR Stock Down 0.5%

Shares of NYSE:KBR traded down $0.26 during midday trading on Wednesday, hitting $52.19. The stock had a trading volume of 303,023 shares, compared to its average volume of 1,331,539. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60. 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 business's 50-day simple moving average is $51.85 and its 200-day simple moving average is $54.74. The company has a market cap of $6.77 billion, a P/E ratio of 21.94, a PEG ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.10. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $2.09 billion. During the same period last year, the business earned $0.77 earnings per share. The firm's revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, June 13th. KBR's dividend payout ratio is 22.07%.

Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction 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 sale, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KBR shares. Citigroup lowered their target price on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research note on Friday, April 25th. The Goldman Sachs Group cut KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price for the company. in a research note on Tuesday. Truist Financial reduced their price target on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, KeyCorp upped their price target on KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.57.

Check Out Our Latest Research Report on KBR

About KBR

(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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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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