Sumitomo Mitsui Trust Holdings Inc. Lowers Stake in KBR, Inc. (NYSE:KBR)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 95.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,986 shares of the construction company's stock after selling 1,711,211 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.07% of KBR worth $4,875,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. State of Michigan Retirement System grew its position in KBR by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 32,411 shares of the construction company's stock valued at $1,796,000 after acquiring an additional 200 shares during the last quarter. Prosperity Financial Group Inc. raised its position in KBR by 5.3% during the 3rd quarter. Prosperity Financial Group Inc. now owns 4,254 shares of the construction company's stock worth $251,000 after purchasing an additional 215 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in KBR by 2.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,338 shares of the construction company's stock worth $739,000 after buying an additional 267 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of KBR by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 59,400 shares of the construction company's stock valued at $3,501,000 after buying an additional 300 shares during the period. Finally, Arizona State Retirement System raised its position in shares of KBR by 0.9% during the third quarter. Arizona State Retirement System now owns 38,644 shares of the construction company's stock worth $2,278,000 after acquiring an additional 349 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

Insider Buying and Selling

In other news, EVP Jennifer Myles sold 8,000 shares of the business's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total transaction of $471,600.00. Following the completion of the transaction, the executive vice president now directly owns 38,524 shares in the company, valued at approximately $2,270,989.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.08% of the stock is currently owned by insiders.

KBR Stock Performance

KBR stock traded up $0.18 during midday trading on Wednesday, reaching $64.38. The stock had a trading volume of 920,460 shares, compared to its average volume of 1,300,815. The firm has a market capitalization of $8.67 billion, a PE ratio of -31.40, a P/E/G ratio of 1.34 and a beta of 0.95. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29. The firm's 50-day moving average price is $61.39 and its 200 day moving average price is $56.87. KBR, Inc. has a 12 month low of $49.37 and a 12 month high of $65.87.

KBR (NYSE:KBR - Get Free Report) last issued its earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.69. The business had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.78 billion. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 EPS. As a group, research analysts predict that KBR, Inc. will post 3.19 earnings per share for the current fiscal year.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were given a $0.15 dividend. This is a positive change from KBR's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, March 14th. KBR's dividend payout ratio (DPR) is -29.27%.

Analysts Set New Price Targets

KBR has been the topic of several recent analyst reports. StockNews.com raised KBR from a "hold" rating to a "buy" rating in a research note on Wednesday, March 20th. Truist Financial upped their price target on KBR from $72.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, April 9th. UBS Group decreased their price objective on KBR from $65.00 to $63.00 and set a "buy" rating for the company in a report on Friday, February 2nd. KeyCorp boosted their price target on shares of KBR from $63.00 to $65.00 and gave the company an "overweight" rating in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus raised their price target on shares of KBR from $80.00 to $83.00 and gave the company a "buy" rating in a research report on Tuesday. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, KBR has a consensus rating of "Buy" and an average target price of $73.43.

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.