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

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

Several other institutional investors also recently modified their holdings of the business. Boston Partners boosted its stake in KBR by 12,326.4% during the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock worth $188,098,000 after acquiring an additional 3,216,323 shares during the last quarter. Norges Bank acquired a new position in KBR during the fourth quarter worth $104,033,000. Bank of New York Mellon Corp increased its holdings in KBR by 87.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company's stock worth $162,503,000 after buying an additional 1,307,033 shares during the last quarter. Wellington Management Group LLP increased its holdings in KBR by 240.2% during the fourth quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company's stock worth $95,776,000 after buying an additional 1,167,282 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of KBR by 444.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company's stock valued at $72,268,000 after purchasing an additional 1,018,539 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KBR. 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. Citigroup dropped their target price on shares of KBR from $77.00 to $69.00 and set a "buy" rating for the company in a report on Friday, April 25th. KeyCorp increased their target price on shares of KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group lowered their price objective on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.86.

Insider Buying and Selling at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the firm's 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 transaction, the insider now directly owns 63,533 shares in the company, valued at approximately $3,214,134.47. This trade represents a 23.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.11% of the company's stock.

KBR Trading Down 5.8%

KBR stock traded down $3.23 during mid-day trading on Wednesday, hitting $52.10. 2,862,471 shares of the stock were exchanged, compared to its average volume of 1,328,293. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 0.86 and a beta of 0.83. 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 firm's fifty day simple moving average is $51.74 and its two-hundred day simple moving average is $55.36.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, topping 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 company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm posted $0.77 EPS. The company's quarterly revenue was up 13.0% on a year-over-year basis. Analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, June 13th. KBR's payout ratio is currently 22.07%.

KBR 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.