Natixis Buys Shares of 53,600 KBR, Inc. (NYSE:KBR)

Natixis bought a new position in shares of KBR, Inc. (NYSE:KBR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 53,600 shares of the construction company's stock, valued at approximately $3,105,000.

Other hedge funds have also recently bought and sold shares of the company. Boston Partners increased its holdings in KBR by 12,326.4% during the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock worth $188,098,000 after purchasing an additional 3,216,323 shares during the period. Norges Bank purchased a new stake in KBR during the 4th quarter worth about $104,033,000. Bank of New York Mellon Corp increased its holdings in KBR by 87.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company's stock worth $162,503,000 after purchasing an additional 1,307,033 shares during the period. Wellington Management Group LLP increased its holdings in KBR by 240.2% during the 4th quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company's stock worth $95,776,000 after purchasing an additional 1,167,282 shares during the period. Finally, Hennessy Advisors Inc. purchased a new stake in KBR during the 4th quarter worth about $47,022,000. Institutional investors and hedge funds own 97.02% of the company's stock.

KBR Stock Performance

NYSE:KBR traded down $0.45 during mid-day trading on Friday, reaching $53.05. 1,060,807 shares of the stock were exchanged, compared to its average volume of 1,306,762. The company has a 50 day simple moving average of $50.22 and a 200-day simple moving average of $56.94. The stock has a market capitalization of $6.88 billion, a P/E ratio of 22.29, a P/E/G ratio of 0.86 and a beta of 0.73. 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 1 year low of $43.89 and a 1 year high of $72.60.

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

KBR Increases Dividend

The business also recently disclosed 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. This represents a $0.66 dividend on an annualized basis and a yield of 1.24%. This is a boost 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%.

Analysts Set New Price Targets

Several brokerages have weighed in on KBR. Citigroup cut their price target on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a report on Friday. Truist Financial dropped their price objective on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group dropped their price objective on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. TD Cowen dropped their price objective on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Finally, KeyCorp dropped their price objective on KBR from $67.00 to $59.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. One equities research 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 presently has a consensus rating of "Moderate Buy" and an average target price of $70.25.

Insiders Place Their Bets

In other KBR 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 transaction 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 trade represents a 23.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.11% of the stock is owned by insiders.

About KBR

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.