KBR, Inc. (NYSE:KBR) Position Lifted by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP boosted its stake in KBR, Inc. (NYSE:KBR - Free Report) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,621,297 shares of the construction company's stock after buying an additional 110,681 shares during the quarter. KBR makes up approximately 6.7% of Wolf Hill Capital Management LP's portfolio, making the stock its 3rd largest holding. Wolf Hill Capital Management LP owned approximately 1.22% of KBR worth $93,922,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of KBR. Boston Partners lifted its stake in KBR by 12,326.4% in the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock worth $188,098,000 after purchasing an additional 3,216,323 shares in the last quarter. Norges Bank purchased a new position in KBR in the 4th quarter worth approximately $104,033,000. Bank of New York Mellon Corp lifted its stake in KBR by 87.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company's stock worth $162,503,000 after purchasing an additional 1,307,033 shares in the last quarter. Wellington Management Group LLP lifted its stake in KBR by 240.2% in the 4th quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company's stock worth $95,776,000 after purchasing an additional 1,167,282 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in KBR in the 4th quarter worth approximately $47,022,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KBR has been the topic of a number of recent analyst reports. Citigroup decreased their price objective on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a report on Friday. KeyCorp lowered their price target on KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. TD Cowen reduced their price objective on shares of KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group lowered their target price on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Truist Financial lowered their target price on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $70.25.

Insider Transactions at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the firm's stock in a transaction that occurred on 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. This trade represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.11% of the company's stock.

KBR Stock Down 0.8 %

Shares of KBR traded down $0.45 during mid-day trading on Friday, hitting $53.05. 1,060,807 shares of the company's stock were exchanged, compared to its average volume of 1,306,762. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 0.86 and a beta of 0.73. KBR, Inc. has a fifty-two week low of $43.89 and a fifty-two week high of $72.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The stock's 50-day moving average is $50.22 and its 200-day moving average is $56.94.

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

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio is currently 23.57%.

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.