Mercer Global Advisors Inc. ADV Sells 6,733 Shares of KBR, Inc. (NYSE:KBR)

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

Other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. raised its stake in KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock valued at $31,000 after acquiring an additional 175 shares in the last quarter. Utah Retirement Systems raised its stake in KBR by 2.9% during the 4th quarter. Utah Retirement Systems now owns 7,200 shares of the construction company's stock valued at $417,000 after acquiring an additional 200 shares in the last quarter. CIBC Asset Management Inc raised its stake in KBR by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company's stock valued at $239,000 after acquiring an additional 203 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in KBR by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 58,515 shares of the construction company's stock valued at $3,390,000 after acquiring an additional 360 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in KBR by 4.2% during the 4th quarter. Guggenheim Capital LLC now owns 9,838 shares of the construction company's stock valued at $570,000 after acquiring an additional 394 shares in the last quarter. 97.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Gregory Sean Conlon sold 19,000 shares of the 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.11% of the company's stock.

KBR Stock Down 1.2%

Shares of NYSE:KBR traded down $0.65 on Monday, reaching $55.47. The company had a trading volume of 893,987 shares, compared to its average volume of 1,319,841. The stock has a 50-day moving average price of $51.64 and a 200 day moving average price of $55.36. 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 twelve month low of $43.89 and a twelve month high of $72.60. The stock has a market capitalization of $7.20 billion, a P/E ratio of 23.31, a P/E/G ratio of 0.86 and a beta of 0.83.

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

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Friday, June 13th. KBR's dividend payout ratio is 22.07%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. KeyCorp upped their price target 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. Truist Financial reduced their price target 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. Citigroup decreased their target price on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, The Goldman Sachs Group decreased their price target 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.