Allspring Global Investments Holdings LLC Sells 14,467 Shares of KBR, Inc. (NYSE:KBR)

Allspring Global Investments Holdings LLC cut its stake in KBR, Inc. (NYSE:KBR - Free Report) by 68.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,692 shares of the construction company's stock after selling 14,467 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in KBR were worth $371,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KBR. State of Michigan Retirement System grew its stake in KBR by 0.6% during the fourth quarter. State of Michigan Retirement System now owns 32,411 shares of the construction company's stock worth $1,796,000 after buying an additional 200 shares in the last quarter. Prosperity Financial Group Inc. grew its stake in KBR by 5.3% during the third quarter. Prosperity Financial Group Inc. now owns 4,254 shares of the construction company's stock worth $251,000 after buying an additional 215 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of KBR by 2.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,338 shares of the construction company's stock valued at $739,000 after purchasing an additional 267 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of KBR by 0.5% in the 3rd 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 purchasing an additional 300 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of KBR by 0.9% in the 3rd quarter. Arizona State Retirement System now owns 38,644 shares of the construction company's stock valued at $2,278,000 after purchasing an additional 349 shares in the last quarter. 97.02% of the stock is owned by institutional investors.

KBR Trading Up 0.1 %

KBR stock traded up $0.06 during mid-day trading on Friday, hitting $65.30. 1,347,866 shares of the stock were exchanged, compared to its average volume of 1,060,087. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29. KBR, Inc. has a 12 month low of $49.37 and a 12 month high of $65.87. The firm's fifty day simple moving average is $61.79 and its two-hundred day simple moving average is $56.92. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of -31.85, a PEG ratio of 1.38 and a beta of 0.95.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.78 billion. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. KBR'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 business posted $0.69 EPS. Analysts forecast that KBR, Inc. will post 3.19 EPS for the current year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.92%. This is a positive change from KBR's previous quarterly dividend of $0.14. KBR's payout ratio is currently -29.27%.

Analyst Upgrades and Downgrades

KBR has been the topic of a number of research analyst reports. 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 note on Tuesday. Citigroup raised their price target on shares of KBR from $66.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, April 22nd. UBS Group cut their target price on shares of KBR from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Friday, February 2nd. KeyCorp lifted their target price on shares of KBR from $63.00 to $65.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 21st. Finally, Truist Financial lifted their target price on shares of KBR from $72.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, April 9th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $73.43.

Insider Activity

In other news, EVP Jennifer Myles sold 8,000 shares of KBR stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of the sale, the executive vice president now 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 is accessible through this hyperlink. 1.08% of the stock is currently owned by company insiders.

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.