Teacher Retirement System of Texas Reduces Holdings in KBR, Inc. (NYSE:KBR)

Teacher Retirement System of Texas cut its stake in KBR, Inc. (NYSE:KBR - Free Report) by 28.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,864 shares of the construction company's stock after selling 18,763 shares during the quarter. Teacher Retirement System of Texas' holdings in KBR were worth $2,384,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KBR. LRI Investments LLC bought a new position in shares of KBR in the 4th quarter worth about $31,000. GAMMA Investing LLC increased its stake in shares of KBR by 295.5% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after acquiring an additional 594 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of KBR in the 1st quarter worth about $47,000. UMB Bank n.a. increased its stake in shares of KBR by 146.9% in the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock worth $65,000 after acquiring an additional 780 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of KBR by 25.2% in the 1st quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock worth $68,000 after acquiring an additional 275 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors.

Insider Activity at KBR

In other news, CEO Stuart Bradie sold 20,000 shares of KBR stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total value of $1,056,200.00. Following the completion of the sale, the chief executive officer directly owned 802,361 shares in the company, valued at $42,372,684.41. The trade was a 2.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Truist Financial decreased their price target 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. The Goldman Sachs Group lowered shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price target for the company. in a research note on Tuesday, May 27th. KeyCorp lowered shares of KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday, June 23rd. Citigroup reduced their price objective on shares of KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Wall Street Zen lowered shares of KBR from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 7th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, KBR currently has an average rating of "Moderate Buy" and a consensus price target of $64.14.

KBR Stock Down 1.5%

NYSE:KBR traded down $0.70 on Friday, reaching $46.44. 1,077,795 shares of the stock traded hands, compared to its average volume of 1,398,164. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 0.90 and a beta of 0.74. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.89. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60. The company's fifty day simple moving average is $51.55 and its 200 day simple moving average is $52.47.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings results 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 net margin of 4.99% and a return on equity of 32.55%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the business posted $0.77 earnings per share. The business's revenue for the quarter was up 13.0% on a year-over-year basis. Equities analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a $0.165 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.42%. KBR's dividend payout ratio is presently 22.07%.

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.