Bayesian Capital Management LP Cuts Position in KBR, Inc. (NYSE:KBR)

Bayesian Capital Management LP lowered its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 30.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,500 shares of the construction company's stock after selling 5,900 shares during the quarter. Bayesian Capital Management LP's holdings in KBR were worth $782,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KBR. UMB Bank n.a. lifted its position in shares of KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after buying an additional 175 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of KBR during the 4th quarter worth approximately $32,000. Wilmington Savings Fund Society FSB purchased a new position in shares of KBR in the fourth quarter valued at $68,000. Venturi Wealth Management LLC lifted its position in KBR by 507.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock valued at $93,000 after purchasing an additional 1,339 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of KBR in the 4th quarter worth about $104,000. Institutional investors own 97.02% of the company's stock.

KBR Stock Performance

Shares of NYSE KBR traded up $0.41 during midday trading on Friday, reaching $55.23. The company had a trading volume of 1,306,784 shares, compared to its average volume of 1,318,439. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60. The business's 50-day simple moving average is $51.03 and its 200 day simple moving average is $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 stock has a market cap of $7.17 billion, a P/E ratio of 23.21, a P/E/G ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR - Get Free Report) last issued its earnings results 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 company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.09 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. On average, analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were given 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 dividend on an annualized basis and a yield of 1.20%. KBR's dividend payout ratio (DPR) is currently 23.57%.

Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction dated 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.11% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on KBR. The Goldman Sachs Group cut their price objective on shares of 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. Truist Financial reduced their target price on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, KeyCorp raised their target price on shares of KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, KBR currently has an average rating of "Moderate Buy" and an average price target 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.