MetLife Investment Management LLC Purchases 6,324 Shares of KBR, Inc. (NYSE:KBR)

MetLife Investment Management LLC grew its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 75,611 shares of the construction company's stock after buying an additional 6,324 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of KBR worth $4,380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of KBR. UMB Bank n.a. lifted its holdings in 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 period. First Horizon Advisors Inc. purchased a new stake in KBR in the 4th quarter worth approximately $32,000. Wilmington Savings Fund Society FSB purchased a new stake in KBR in the 4th quarter worth approximately $68,000. Venturi Wealth Management LLC lifted its holdings in KBR by 507.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after buying an additional 1,339 shares during the period. Finally, R Squared Ltd purchased a new stake in KBR in the 4th quarter worth approximately $104,000. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Stock Performance

NYSE:KBR traded down $0.53 during mid-day trading on Wednesday, hitting $52.35. 75,056 shares of the company traded hands, compared to its average volume of 1,296,743. The stock's fifty day moving average price is $50.29 and its 200-day moving average price is $56.80. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2 billion. Research analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current fiscal 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 issued a dividend of $0.165 per share. This is a positive change from KBR's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, March 14th. KBR's dividend payout ratio (DPR) is 23.57%.

Analysts Set New Price Targets

KBR has been the subject of a number of research analyst reports. KeyCorp lowered their target price on KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. TD Cowen lowered their price objective on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Citigroup lowered their price objective on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Truist Financial lowered their price objective on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, The Goldman Sachs Group lowered their price objective on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, KBR currently has an average rating of "Moderate Buy" and a consensus price target of $70.25.

Insider Buying and Selling at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.11% of the company's stock.

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.