UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in KBR, Inc. (NYSE:KBR - Free Report) by 15.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 371,836 shares of the construction company's stock after acquiring an additional 50,805 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.28% of KBR worth $21,540,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in KBR. LRI Investments LLC acquired a new stake in shares of KBR in the fourth quarter valued at about $31,000. First Horizon Advisors Inc. purchased a new position in KBR during the fourth quarter worth approximately $32,000. Wilmington Savings Fund Society FSB purchased a new position in shares of KBR in the 4th quarter worth $68,000. Venturi Wealth Management LLC raised its position 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 worth $93,000 after buying an additional 1,339 shares during the period. Finally, R Squared Ltd acquired a new position in KBR during the fourth quarter valued at approximately $104,000. Institutional investors and hedge funds own 97.02% of the company's stock.
Insider Transactions at KBR
In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 63,533 shares in the company, valued at approximately $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 accessible through this link. Corporate insiders own 1.11% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently commented on KBR. KeyCorp boosted their target price on shares of KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Citigroup lowered their target price 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. 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 report on Tuesday. Finally, Truist Financial lowered their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, KBR currently has a consensus rating of "Moderate Buy" and an average price target of $67.57.
Check Out Our Latest Stock Report on KBR
KBR Stock Performance
Shares of NYSE:KBR traded up $0.76 during trading on Friday, reaching $52.19. The stock had a trading volume of 1,445,305 shares, compared to its average volume of 1,339,027. The stock has a fifty day simple moving average of $51.88 and a two-hundred day simple moving average of $54.58. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 0.86 and a beta of 0.83. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 52 week low of $43.89 and a 52 week high of $72.60.
KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.10. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.09 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. KBR's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $0.77 earnings per share. As a group, analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.
KBR Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.66 annualized dividend and a dividend yield of 1.26%. KBR's payout ratio is currently 22.07%.
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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