Teza Capital Management LLC Sells 61,098 Shares of KBR, Inc. (NYSE:KBR)

Teza Capital Management LLC trimmed its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 66.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,432 shares of the construction company's stock after selling 61,098 shares during the period. Teza Capital Management LLC's holdings in KBR were worth $1,821,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC acquired a new position in KBR in the 4th quarter worth about $31,000. UMB Bank n.a. increased its holdings in KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after buying an additional 175 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in KBR in the fourth quarter worth approximately $32,000. Wilmington Savings Fund Society FSB bought a new position in KBR during the fourth quarter valued at approximately $68,000. Finally, Venturi Wealth Management LLC lifted its stake in KBR by 507.2% in the fourth 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.

Insiders Place Their Bets

In related news, insider Gregory Sean Conlon sold 19,000 shares of the company's stock in a transaction on 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 directly owns 63,533 shares in the company, valued at $3,214,134.47. This represents a 23.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.11% of the company's stock.

KBR Stock Performance

Shares of NYSE KBR traded down $0.91 during trading hours on Friday, hitting $51.43. 444,286 shares of the stock were exchanged, compared to its average volume of 1,325,344. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. The company's 50 day moving average is $51.80 and its 200 day moving average is $55.23. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $6.67 billion, a P/E ratio of 21.60, a P/E/G 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, topping analysts' consensus estimates of $0.88 by $0.10. The firm had revenue of $2.06 billion during 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 was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 EPS. On average, research analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, June 13th. KBR's dividend payout ratio (DPR) is currently 22.07%.

Wall Street Analysts Forecast Growth

KBR has been the topic of several analyst reports. Truist Financial dropped 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. The Goldman Sachs Group decreased their price objective on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Citigroup lowered their target price on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, KeyCorp boosted 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $68.86.

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.