Pinebridge Investments L.P. Acquires 16,086 Shares of KBR, Inc. (NYSE:KBR)

Pinebridge Investments L.P. lifted its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 42.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,223 shares of the construction company's stock after purchasing an additional 16,086 shares during the period. Pinebridge Investments L.P.'s holdings in KBR were worth $3,141,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. UMB Bank n.a. boosted its holdings in shares of KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock valued at $31,000 after purchasing an additional 175 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in KBR during the 4th quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new stake in KBR during the 4th quarter valued at approximately $68,000. Venturi Wealth Management LLC grew its stake in KBR by 507.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock valued at $93,000 after purchasing an additional 1,339 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of KBR in the 4th quarter worth approximately $104,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 63,533 shares in the company, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.11% of the company's stock.

Analyst Upgrades and Downgrades

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

KBR Stock Performance

NYSE:KBR traded up $0.16 during mid-day trading on Thursday, hitting $52.97. The stock had a trading volume of 155,027 shares, compared to its average volume of 1,293,329. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 0.86 and a beta of 0.73. The company's 50 day simple moving average is $50.36 and its 200 day simple moving average is $56.77. 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 issued its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. On average, equities research analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were given a $0.165 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from KBR's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.25%. KBR's dividend payout ratio (DPR) is 23.57%.

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.