Systematic Financial Management LP Reduces Stock Position in KBR, Inc. (NYSE:KBR)

Systematic Financial Management LP reduced its stake in KBR, Inc. (NYSE:KBR - Free Report) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 772,889 shares of the construction company's stock after selling 8,888 shares during the period. KBR makes up about 1.1% of Systematic Financial Management LP's holdings, making the stock its 15th largest holding. Systematic Financial Management LP owned 0.58% of KBR worth $44,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in KBR. LRI Investments LLC bought a new position in KBR in the 4th quarter worth about $31,000. UMB Bank n.a. lifted its holdings in shares of KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after buying an additional 175 shares in the last quarter. First Horizon Advisors Inc. bought a new position in shares of KBR in the fourth quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB purchased a new position in KBR during the fourth quarter valued at approximately $68,000. Finally, Venturi Wealth Management LLC increased its holdings in KBR by 507.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after acquiring an additional 1,339 shares during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction dated 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. This trade represents a 23.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.11% of the stock is currently owned by insiders.

KBR Price Performance

KBR stock traded down $0.08 during mid-day trading on Tuesday, hitting $55.37. 754,495 shares of the stock were exchanged, compared to its average volume of 1,319,723. The business has a fifty day moving average price of $51.64 and a 200 day moving average price of $55.36. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60. 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 capitalization of $7.18 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.10. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.09 billion. During the same period last year, the business earned $0.77 earnings per share. The business's quarterly revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.19%. KBR's dividend payout ratio is presently 22.07%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KBR. Truist Financial cut their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. Citigroup lowered their price objective on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. The Goldman Sachs Group reduced their target price on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, KeyCorp raised their price target on KBR from $59.00 to $63.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, KBR presently has a consensus rating of "Moderate Buy" and a consensus target price of $68.86.

About KBR

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.