Garnet Equity Capital Holdings Inc. Has $10.51 Million Stock Position in KBR, Inc. (NYSE:KBR)

Garnet Equity Capital Holdings Inc. grew its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 10.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,375 shares of the construction company's stock after purchasing an additional 17,500 shares during the period. KBR makes up 1.5% of Garnet Equity Capital Holdings Inc.'s portfolio, making the stock its 11th biggest holding. Garnet Equity Capital Holdings Inc. owned 0.14% of KBR worth $10,507,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. lifted its stake in KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock valued at $31,000 after buying an additional 175 shares in the last quarter. CIBC Asset Management Inc boosted its stake in KBR by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company's stock worth $239,000 after purchasing an additional 203 shares during the period. Treasurer of the State of North Carolina grew its position in KBR by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 58,515 shares of the construction company's stock worth $3,390,000 after purchasing an additional 360 shares in the last quarter. Guggenheim Capital LLC raised its stake in KBR by 4.2% during the 4th quarter. Guggenheim Capital LLC now owns 9,838 shares of the construction company's stock valued at $570,000 after purchasing an additional 394 shares during the period. Finally, Mariner LLC boosted its position in shares of KBR by 8.7% in the fourth quarter. Mariner LLC now owns 5,227 shares of the construction company's stock worth $303,000 after buying an additional 420 shares during the period. Institutional investors and hedge funds own 97.02% of the company's stock.

KBR Stock Performance

KBR stock traded down $0.41 during trading hours on Friday, reaching $52.11. 1,914,513 shares of the company were exchanged, compared to its average volume of 1,296,020. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 0.86 and a beta of 0.73. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a 50-day moving average of $50.49 and a 200 day moving average of $56.55.

KBR (NYSE:KBR - Get Free Report) last announced its earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. As a group, research analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were given a dividend of $0.165 per share. The ex-dividend date was Friday, March 14th. This is an increase from KBR's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.27%. KBR's dividend payout ratio (DPR) is 23.57%.

Analyst Upgrades and Downgrades

KBR has been the subject of several research analyst reports. TD Cowen reduced their price objective on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Citigroup lowered their price objective 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. KeyCorp cut their target price on shares of KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Truist Financial lowered their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, The Goldman Sachs Group cut their price objective on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, KBR currently has a consensus rating of "Moderate Buy" and an average price target of $70.25.

Insider Buying and Selling at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the sale, the insider now owns 63,533 shares of the company's stock, valued at $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.11% of the company's stock.

About KBR

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.