KBR, Inc. (NYSE:KBR) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 229,529 shares of the construction company's stock after selling 7,942 shares during the period. Price T Rowe Associates Inc. MD owned 0.17% of KBR worth $13,297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of KBR by 49.2% during 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 KBR in the 4th quarter worth approximately $32,000. Wilmington Savings Fund Society FSB acquired a new position in KBR in the 4th quarter valued at $68,000. Venturi Wealth Management LLC lifted its stake in shares of KBR by 507.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after purchasing an additional 1,339 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of KBR during the fourth quarter worth $104,000. Hedge funds and other institutional investors own 97.02% of the company's stock.

Insider Buying and Selling

In related 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on KBR. TD Cowen reduced their target price on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Citigroup cut their price objective 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. KeyCorp lowered their target price on shares of KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Truist Financial decreased 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. Finally, The Goldman Sachs Group dropped their price objective on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a report 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.25.

KBR Stock Down 0.8 %

Shares of KBR stock opened at $52.11 on Friday. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. 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 company has a fifty day moving average price of $50.49 and a 200 day moving average price of $56.55.

KBR (NYSE:KBR - Get Free Report) last issued its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.08. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. Equities research analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.27%. This is a positive change from KBR's previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 14th. KBR's dividend payout ratio (DPR) is presently 23.57%.

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.

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