Permian Investment Partners LP Has $104.81 Million Stock Position in KBR, Inc. (NYSE:KBR)

Permian Investment Partners LP cut its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,809,213 shares of the construction company's stock after selling 457,391 shares during the period. KBR accounts for 16.3% of Permian Investment Partners LP's holdings, making the stock its 4th biggest position. Permian Investment Partners LP owned about 1.36% of KBR worth $104,808,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of KBR by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company's stock valued at $740,951,000 after purchasing an additional 68,588 shares during the period. Boston Partners grew its position in shares of KBR by 12,326.4% in the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock valued at $188,098,000 after buying an additional 3,216,323 shares during the last quarter. Franklin Resources Inc. raised its position in KBR by 18.7% in the 4th quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company's stock valued at $166,167,000 after purchasing an additional 451,887 shares during the last quarter. Bank of New York Mellon Corp grew its position in KBR by 87.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company's stock valued at $162,503,000 after buying an additional 1,307,033 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in KBR by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,182,921 shares of the construction company's stock valued at $126,452,000 after acquiring an additional 130,535 shares during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Trading Up 3.3 %

KBR stock traded up $1.68 during midday trading on Tuesday, hitting $53.25. 1,096,665 shares of the company's stock were exchanged, compared to its average volume of 1,299,498. The stock's fifty day moving average price is $50.56 and its 200-day moving average price is $56.24. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. The company has a market cap of $6.91 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

KBR (NYSE:KBR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.88 by $0.10. KBR had a net margin of 4.35% and a return on equity of 28.87%. During the same quarter in the prior year, the business posted $0.77 earnings per share. The firm's revenue was up 13.0% on a year-over-year basis. Research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Friday, March 14th. This is a positive change from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio is currently 23.57%.

Insiders Place Their Bets

In related news, insider Gregory Sean Conlon sold 19,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the sale, the insider now owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KBR shares. KeyCorp cut their price target on KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. The Goldman Sachs Group cut their price target on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Citigroup decreased their target price on shares of KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research note on Friday, April 25th. TD Cowen cut their target price on shares of KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Finally, Truist Financial decreased their target price on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.25.

KBR Company 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.