Russell Investments Group Ltd. Acquires 149,300 Shares of KBR, Inc. (NYSE:KBR)

Russell Investments Group Ltd. raised its position in KBR, Inc. (NYSE:KBR - Free Report) by 73.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 352,390 shares of the construction company's stock after acquiring an additional 149,300 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.26% of KBR worth $19,526,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. State of Michigan Retirement System raised its position in shares of 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 purchasing an additional 200 shares during the period. Prosperity Financial Group Inc. increased its position 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 acquiring an additional 215 shares during the period. Daiwa Securities Group Inc. increased its position in KBR by 1.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 20,303 shares of the construction company's stock worth $1,125,000 after acquiring an additional 260 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in KBR by 2.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,338 shares of the construction company's stock worth $739,000 after acquiring an additional 267 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in KBR by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 59,400 shares of the construction company's stock worth $3,501,000 after acquiring an additional 300 shares during the period. 97.02% of the stock is owned by institutional investors.

Insider Activity at KBR

In related news, EVP Jennifer Myles sold 8,000 shares of the business's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the sale, the executive vice president now directly owns 38,524 shares in the company, valued at approximately $2,270,989.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KBR has been the topic of a number of recent research reports. Truist Financial raised their price target 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. 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, April 23rd. Citigroup lifted their target price on shares of KBR from $66.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, April 22nd. KeyCorp raised their price target on shares of KBR from $63.00 to $65.00 and gave the stock an "overweight" rating in a report on Wednesday, February 21st. Finally, StockNews.com upgraded shares of KBR from a "hold" rating to a "buy" rating in a report on Wednesday, March 20th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $73.86.

KBR Stock Up 0.4 %

KBR traded up $0.27 during mid-day trading on Friday, reaching $66.78. 1,211,180 shares of the stock were exchanged, compared to its average volume of 1,321,623. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.05 and a current ratio of 1.10. The stock has a market capitalization of $8.97 billion, a PE ratio of -34.64, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92. The company has a 50 day moving average price of $62.43 and a two-hundred day moving average price of $57.08. KBR, Inc. has a 1 year low of $49.37 and a 1 year high of $66.98.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.07. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. As a group, research analysts anticipate that KBR, Inc. will post 3.2 EPS for the current year.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were paid a $0.15 dividend. This is a boost from KBR's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Thursday, March 14th. KBR's payout ratio is currently -31.25%.

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.