Engine Capital Management LP Boosts Holdings in KBR, Inc. (NYSE:KBR)

Engine Capital Management LP raised its stake in KBR, Inc. (NYSE:KBR - Free Report) by 27.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 315,798 shares of the construction company's stock after acquiring an additional 68,500 shares during the period. KBR makes up 3.3% of Engine Capital Management LP's portfolio, making the stock its 11th largest holding. Engine Capital Management LP owned approximately 0.24% of KBR worth $18,294,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of KBR. UMB Bank n.a. increased its holdings in shares of KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after buying an additional 175 shares during the last quarter. Utah Retirement Systems increased its holdings in shares of KBR by 2.9% in the 4th quarter. Utah Retirement Systems now owns 7,200 shares of the construction company's stock worth $417,000 after buying an additional 200 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of KBR by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company's stock worth $239,000 after buying an additional 203 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of KBR by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 58,515 shares of the construction company's stock worth $3,390,000 after buying an additional 360 shares during the last quarter. Finally, Guggenheim Capital LLC increased its holdings in shares of KBR by 4.2% in the 4th quarter. Guggenheim Capital LLC now owns 9,838 shares of the construction company's stock worth $570,000 after buying an additional 394 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the company'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 completion of the sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.11% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

KBR Trading Down 0.2%

KBR stock traded down $0.09 during trading hours on Tuesday, hitting $55.97. The company had a trading volume of 847,020 shares, compared to its average volume of 1,317,153. The firm has a market cap of $7.26 billion, a P/E ratio of 23.52, a P/E/G ratio of 0.86 and a beta of 0.83. 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, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60. The company has a 50-day moving average price of $51.15 and a two-hundred day moving average price of $55.76.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.10. The company had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $2.09 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 EPS. On average, sell-side analysts anticipate 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. Shareholders of record on Friday, March 14th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.18%. This is a boost from KBR's previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 14th. KBR's payout ratio is 22.07%.

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.