Mercer Global Advisors Inc. ADV Cuts Stock Holdings in KBR, Inc. (NYSE:KBR)

Mercer Global Advisors Inc. ADV decreased its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 62.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,077 shares of the construction company's stock after selling 6,733 shares during the period. Mercer Global Advisors Inc. ADV's holdings in KBR were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of KBR. Hennessy Advisors Inc. acquired a new position in shares of KBR in the fourth quarter worth $47,022,000. Wedge Capital Management L L P NC grew its stake in shares of KBR by 2.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 60,314 shares of the construction company's stock worth $3,494,000 after acquiring an additional 1,539 shares in the last quarter. Diversify Wealth Management LLC grew its stake in shares of KBR by 58.5% in the fourth quarter. Diversify Wealth Management LLC now owns 9,665 shares of the construction company's stock worth $564,000 after acquiring an additional 3,566 shares in the last quarter. Access Financial Services Inc. grew its stake in shares of KBR by 28.3% during the fourth quarter. Access Financial Services Inc. now owns 27,688 shares of the construction company's stock worth $1,604,000 after purchasing an additional 6,100 shares in the last quarter. Finally, UMB Bank n.a. grew its stake 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 purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

Insider Activity

In other news, insider Gregory Sean Conlon sold 19,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $3,214,134.47. This represents a 23.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.11% of the company's stock.

KBR Stock Performance

NYSE KBR traded up $0.31 during trading hours on Thursday, hitting $52.38. The company had a trading volume of 1,021,350 shares, compared to its average volume of 1,328,790. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The company has a market cap of $6.80 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. The business has a 50 day moving average of $51.80 and a 200-day moving average of $55.23.

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

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.26%. KBR's payout ratio is 22.07%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KBR shares. Truist Financial lowered their target price on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. KeyCorp boosted their target price 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. The Goldman Sachs Group lowered their target price on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Citigroup decreased their price objective on shares of KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research note on Friday, April 25th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.