KBR, Inc. (NYSE:KBR) Shares Bought by Comerica Bank

Comerica Bank raised its position in KBR, Inc. (NYSE:KBR - Free Report) by 13.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 68,789 shares of the construction company's stock after acquiring an additional 8,325 shares during the period. Comerica Bank owned approximately 0.05% of KBR worth $3,985,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KBR. Tidal Investments LLC acquired a new position in KBR during the third quarter worth $200,000. First Hawaiian Bank acquired a new position in shares of KBR during the 4th quarter worth $205,000. Hennessy Advisors Inc. purchased a new stake in shares of KBR in the 4th quarter worth about $47,022,000. Wedge Capital Management L L P NC grew its stake in KBR by 2.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 60,314 shares of the construction company's stock valued at $3,494,000 after acquiring an additional 1,539 shares during the last quarter. Finally, Diversify Wealth Management LLC raised its position in KBR by 58.5% during the fourth quarter. Diversify Wealth Management LLC now owns 9,665 shares of the construction company's stock worth $564,000 after acquiring an additional 3,566 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Trading Up 0.7 %

KBR traded up $0.41 during midday trading on Friday, hitting $55.23. The company's stock had a trading volume of 1,306,784 shares, compared to its average volume of 1,318,439. KBR, Inc. has a 52-week low of $43.89 and a 52-week high of $72.60. The firm has a 50-day moving average price of $51.03 and a two-hundred day moving average price of $55.99. 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 firm has a market cap of $7.17 billion, a P/E ratio of 23.21, a PEG ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.10. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.09 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. KBR's revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 earnings per share. On average, research analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

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

Insider Transactions at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction 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 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research note on Friday, April 25th. KeyCorp boosted their price target on KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a report on Wednesday. Truist Financial decreased their price objective on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, The Goldman Sachs Group cut 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $68.86.

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.