KBR, Inc. (NYSE:KBR) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its position in KBR, Inc. (NYSE:KBR - Free Report) by 43.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,248 shares of the construction company's stock after selling 31,983 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in KBR were worth $2,390,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Hennessy Advisors Inc. purchased a new stake in KBR in the 4th quarter worth approximately $47,022,000. Proficio Capital Partners LLC purchased a new stake in KBR during the fourth quarter worth $1,131,000. Franklin Resources Inc. increased its holdings in KBR by 14.5% in the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company's stock valued at $167,876,000 after buying an additional 305,889 shares in the last quarter. Blue Trust Inc. raised its position in shares of KBR by 56.9% in the fourth quarter. Blue Trust Inc. now owns 3,021 shares of the construction company's stock worth $175,000 after acquiring an additional 1,095 shares during the period. Finally, Mount Yale Investment Advisors LLC purchased a new stake in shares of KBR during the 4th quarter worth about $290,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Trading Down 0.6 %

Shares of KBR stock traded down $0.33 on Wednesday, hitting $52.55. 119,024 shares of the stock traded hands, compared to its average volume of 1,570,150. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60. The stock has a market capitalization of $6.82 billion, a PE ratio of 22.08, a PEG ratio of 0.86 and a beta of 0.73. The firm's 50-day moving average price is $50.29 and its two-hundred day moving average price is $56.80. 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 announced its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. As a group, analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were given a $0.165 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.26%. This is a boost from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio is presently 23.57%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction 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. The trade was a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.11% of the stock is currently owned by insiders.

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.