Silvercrest Asset Management Group LLC Boosts Position in KBR, Inc. (NYSE:KBR)

Silvercrest Asset Management Group LLC increased its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,119,910 shares of the construction company's stock after buying an additional 51,941 shares during the quarter. Silvercrest Asset Management Group LLC owned 0.84% of KBR worth $64,876,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. lifted its holdings in KBR by 730.1% during the 4th quarter. Point72 Asset Management L.P. now owns 189,026 shares of the construction company's stock worth $10,950,000 after buying an additional 219,026 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of KBR by 7.5% in the fourth quarter. ProShare Advisors LLC now owns 6,234 shares of the construction company's stock worth $361,000 after acquiring an additional 434 shares in the last quarter. Man Group plc lifted its stake in KBR by 127.4% in the fourth quarter. Man Group plc now owns 219,492 shares of the construction company's stock valued at $12,715,000 after buying an additional 122,980 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in KBR by 4.0% in the 4th quarter. Nuveen Asset Management LLC now owns 651,981 shares of the construction company's stock worth $37,769,000 after purchasing an additional 25,230 shares during the period. Finally, LRI Investments LLC bought a new stake in KBR in the 4th quarter valued at approximately $31,000. 97.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on KBR shares. The Goldman Sachs Group lowered their target price 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. KeyCorp boosted their price target on KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Citigroup lowered their target price 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. Finally, Truist Financial decreased their price target on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $68.86.

Insider Activity at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 63,533 shares in the company, valued at approximately $3,214,134.47. The trade was a 23.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.11% of the stock is currently owned by company insiders.

KBR Price Performance

NYSE:KBR traded down $3.74 during trading hours on Wednesday, hitting $51.59. 1,279,029 shares of the company's stock traded hands, compared to its average volume of 1,320,187. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 52 week low of $43.89 and a 52 week high of $72.60. The firm has a market cap of $6.69 billion, a P/E ratio of 21.70, a P/E/G ratio of 0.86 and a beta of 0.83. The business's fifty day simple moving average is $51.74 and its two-hundred day simple moving average is $55.36.

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

KBR Announces Dividend

The business 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 $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, June 13th. KBR's dividend payout ratio (DPR) is presently 22.07%.

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.