Gotham Asset Management LLC Acquires 120,728 Shares of KBR, Inc. (NYSE:KBR)

Gotham Asset Management LLC increased its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 85.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 261,621 shares of the construction company's stock after purchasing an additional 120,728 shares during the quarter. Gotham Asset Management LLC owned 0.20% of KBR worth $15,156,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in KBR. UMB Bank n.a. boosted its position in KBR by 49.2% during the 4th 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 during the period. First Horizon Advisors Inc. bought a new stake in shares of KBR in the fourth quarter worth about $32,000. Wilmington Savings Fund Society FSB purchased a new position in KBR during the 4th quarter valued at about $68,000. Venturi Wealth Management LLC lifted its holdings in 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 bought a new stake in shares of KBR in the 4th quarter worth approximately $104,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KBR has been the subject of several research analyst reports. 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 research report on Friday, April 25th. Truist Financial cut their price objective on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. KeyCorp increased their target price on KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, The Goldman Sachs Group dropped their price target on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, KBR has an average rating of "Moderate Buy" and a consensus price target of $68.86.

Insider Activity at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction that occurred 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 sale, the insider now directly owns 63,533 shares in the company, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.11% of the stock is owned by insiders.

KBR Price Performance

Shares of KBR stock opened at $55.23 on Friday. KBR, Inc. has a 52-week low of $43.89 and a 52-week high of $72.60. The firm has a market capitalization of $7.17 billion, a P/E ratio of 23.21, a P/E/G ratio of 0.86 and a beta of 0.83. The stock has a 50 day moving average price of $51.03 and a 200 day moving average price of $55.92. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

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, beating the consensus estimate of $0.88 by $0.10. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The business's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, sell-side analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from KBR's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.20%. KBR's payout ratio is 23.57%.

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.

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