Sherbrooke Park Advisers LLC bought a new stake in KBR, Inc. (NYSE:KBR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 16,046 shares of the construction company's stock, valued at approximately $930,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. UMB Bank n.a. lifted its stake 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 acquiring an additional 175 shares during the last quarter. LRI Investments LLC bought a new position in KBR during the 4th quarter valued at approximately $31,000. First Horizon Advisors Inc. bought a new position in KBR during the 4th quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB bought a new position in KBR during the 4th quarter valued at approximately $68,000. Finally, Venturi Wealth Management LLC raised its position 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 during the last quarter. Institutional investors own 97.02% of the company's stock.
Insider Activity
In other news, insider Gregory Sean Conlon sold 19,000 shares of the 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 of the company's stock, valued at $3,214,134.47. This represents a 23.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.11% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on KBR. The Goldman Sachs Group lowered their price target on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Truist Financial reduced their target price on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 14th. KeyCorp upped their target price on KBR from $59.00 to $63.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, Citigroup reduced their target price on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a report on Friday, April 25th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $68.86.
Check Out Our Latest Research Report on KBR
KBR Stock Down 1.2%
KBR stock traded down $0.65 during midday trading on Monday, hitting $55.47. The company's stock had a trading volume of 893,987 shares, compared to its average volume of 1,319,841. The company has a market cap of $7.20 billion, a PE ratio of 23.31, a P/E/G ratio of 0.86 and a beta of 0.83. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm's 50-day moving average is $51.64 and its 200-day moving average is $55.36.
KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.10. The business had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.09 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 EPS. On average, equities research analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.
KBR Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.165 per share. The ex-dividend date is Friday, June 13th. This represents a $0.66 annualized dividend and a dividend yield of 1.19%. KBR's payout ratio is 22.07%.
KBR Profile
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Free Report)
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.
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