Susquehanna Fundamental Investments LLC Acquires New Holdings in KBR, Inc. (NYSE:KBR)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of KBR, Inc. (NYSE:KBR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 199,580 shares of the construction company's stock, valued at approximately $11,562,000. Susquehanna Fundamental Investments LLC owned 0.15% of KBR at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KBR. UMB Bank n.a. grew its position in shares of KBR by 49.2% during 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 period. First Horizon Advisors Inc. purchased a new position in shares of KBR during the 4th quarter valued at $32,000. Wilmington Savings Fund Society FSB purchased a new position in shares of KBR during the 4th quarter valued at $68,000. Venturi Wealth Management LLC lifted its stake in shares of 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 buying an additional 1,339 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of KBR during the 4th quarter valued at $104,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Gregory Sean Conlon sold 19,000 shares of KBR 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 completion of the transaction, the insider now directly owns 63,533 shares of the company's stock, valued at $3,214,134.47. The trade was a 23.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.11% of the company's stock.

Wall Street Analyst Weigh In

KBR has been the topic of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Citigroup decreased their price target on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Truist Financial decreased their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. KeyCorp decreased their price target on shares of KBR from $67.00 to $59.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, TD Cowen decreased their price target 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. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $70.25.

KBR Stock Performance

KBR stock remained flat at $52.88 on Wednesday. The company had a trading volume of 966,103 shares, compared to its average volume of 1,297,803. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60. The stock's 50-day simple moving average is $50.29 and its 200 day simple moving average is $56.80. 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 has a market capitalization of $6.86 billion, a PE ratio of 22.22, a P/E/G ratio of 0.86 and a beta of 0.73.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. Sell-side analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.25%. This is a positive change from KBR's previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 14th. KBR's payout ratio 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.