Intrinsic Edge Capital Management LLC purchased a new position in shares of KBR, Inc. (NYSE:KBR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 84,944 shares of the construction company's stock, valued at approximately $4,921,000. Intrinsic Edge Capital Management LLC owned about 0.06% of KBR as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Hennessy Advisors Inc. acquired a new position in shares of KBR during the 4th quarter worth $47,022,000. Proficio Capital Partners LLC bought a new stake in shares of KBR during the 4th quarter worth $1,131,000. Franklin Resources Inc. boosted its holdings in shares of KBR by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company's stock worth $167,876,000 after buying an additional 305,889 shares during the period. Blue Trust Inc. boosted its holdings in shares of KBR by 56.9% during the 4th quarter. Blue Trust Inc. now owns 3,021 shares of the construction company's stock worth $175,000 after buying an additional 1,095 shares during the period. Finally, Mount Yale Investment Advisors LLC bought a new stake in KBR in the 4th quarter valued at $290,000. Institutional investors and hedge funds own 97.02% of the company's stock.
Insider Transactions at KBR
In other news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now directly owns 63,533 shares of the company's stock, valued at $3,214,134.47. The trade was a 23.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.11% of the stock is owned by company insiders.
KBR Stock Performance
Shares of NYSE:KBR remained flat at $52.88 during midday trading on Wednesday. 648,562 shares of the stock were exchanged, compared to its average volume of 1,300,238. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 0.86 and a beta of 0.73. The business has a 50 day moving average price of $50.29 and a 200 day moving average price of $56.80. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07.
KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.08. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. On average, research analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current year.
KBR Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were issued a $0.165 dividend. This is an increase from KBR's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Friday, March 14th. KBR's payout ratio is presently 23.57%.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Citigroup reduced their price target 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. Truist Financial reduced their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. TD Cowen reduced their price target on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group reduced their price target 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. Finally, KeyCorp reduced their price target on shares of KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $70.25.
Check Out Our Latest Research Report on KBR
KBR Profile
(
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.
Further Reading
Before you consider KBR, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KBR wasn't on the list.
While KBR currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
