Raymond James Financial Inc. Buys Shares of 80,112 KBR, Inc. (NYSE:KBR)

Raymond James Financial Inc. acquired a new stake in shares of KBR, Inc. (NYSE:KBR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 80,112 shares of the construction company's stock, valued at approximately $4,641,000. Raymond James Financial Inc. owned approximately 0.06% of KBR at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. 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 buying an additional 175 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in KBR in the fourth quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB purchased a new position in KBR in the fourth quarter worth $68,000. Venturi Wealth Management LLC increased its position in shares of KBR by 507.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after purchasing an additional 1,339 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of KBR during the 4th quarter valued at $104,000. Hedge funds and other institutional investors own 97.02% of the company's stock.

Insiders Place Their Bets

In other news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the completion of the sale, the insider now directly owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.11% of the stock is owned by company insiders.

KBR Trading Up 0.9 %

Shares of NYSE:KBR traded up $0.47 during midday trading on Thursday, reaching $53.28. 96,559 shares of the company's stock were exchanged, compared to its average volume of 1,293,068. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 0.86 and a beta of 0.73. The firm's 50 day simple moving average is $50.36 and its two-hundred day simple moving average is $56.77. KBR, Inc. has a fifty-two week low of $43.89 and a fifty-two week high of $72.60.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2 billion. As a group, sell-side analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

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

Wall Street Analysts Forecast Growth

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