KBR, Inc. (NYSE:KBR) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its stake in KBR, Inc. (NYSE:KBR - Free Report) by 35.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 416,599 shares of the construction company's stock after selling 228,016 shares during the period. Ameriprise Financial Inc. owned 0.31% of KBR worth $24,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of KBR by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company's stock worth $740,951,000 after acquiring an additional 68,588 shares during the last quarter. Boston Partners grew its stake in shares of KBR by 12,326.4% during the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock worth $188,098,000 after acquiring an additional 3,216,323 shares during the last quarter. Franklin Resources Inc. boosted its position in KBR by 18.7% in the fourth quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company's stock valued at $166,167,000 after buying an additional 451,887 shares during the last quarter. Bank of New York Mellon Corp boosted its position in KBR by 87.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company's stock valued at $162,503,000 after buying an additional 1,307,033 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in KBR by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,182,921 shares of the construction company's stock valued at $126,452,000 after buying an additional 130,535 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

Insider Transactions at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 63,533 shares of the company's stock, 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 can be accessed through the SEC website. Corporate insiders own 1.11% of the company's stock.

KBR Stock Performance

NYSE:KBR traded up $0.31 during trading hours on Friday, reaching $56.14. The company had a trading volume of 1,082,592 shares, compared to its average volume of 1,321,552. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The firm has a market cap of $7.28 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. The business's 50 day moving average price is $51.54 and its 200-day moving average price is $55.52. 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 announced its earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.10. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.09 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 EPS. Research analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, June 13th. KBR's payout ratio is 22.07%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KBR shares. Truist Financial dropped their target price on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group dropped their target price on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Citigroup dropped their target price on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, KeyCorp upped their target price on KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, KBR currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.86.

KBR 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.