Brevan Howard Capital Management LP Has $763,000 Stock Position in KBR, Inc. (NYSE:KBR)

Brevan Howard Capital Management LP trimmed its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 27.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,168 shares of the construction company's stock after selling 4,886 shares during the quarter. Brevan Howard Capital Management LP's holdings in KBR were worth $763,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position 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. First Horizon Advisors Inc. bought a new stake in KBR in the 4th quarter valued at about $32,000. Wilmington Savings Fund Society FSB bought a new stake in KBR in the 4th quarter valued at about $68,000. Venturi Wealth Management LLC lifted its position in KBR by 507.2% in the 4th 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 KBR in the 4th quarter valued at about $104,000. 97.02% of the stock is currently owned by institutional investors.

KBR Stock Down 0.2%

Shares of KBR stock traded down $0.09 during trading on Tuesday, hitting $55.97. 847,019 shares of the company were exchanged, compared to its average volume of 1,612,095. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 0.86 and a beta of 0.83. The business's 50-day simple moving average is $51.15 and its 200 day simple moving average is $55.76. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.88 by $0.10. The business 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% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. As a group, analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were paid a $0.165 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from KBR's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.18%. KBR's payout ratio is 22.07%.

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 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 directly 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.11% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on KBR. 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 research note on Friday, April 25th. Truist Financial lowered their price objective on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group lowered their price objective on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Finally, KeyCorp lifted their price objective on shares of KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and seven have assigned 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 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.