XTX Topco Ltd Sells 36,875 Shares of KBR, Inc. (NYSE:KBR)

XTX Topco Ltd cut its stake in KBR, Inc. (NYSE:KBR - Free Report) by 88.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,789 shares of the construction company's stock after selling 36,875 shares during the quarter. XTX Topco Ltd's holdings in KBR were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in KBR by 49.2% during 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. CIBC Asset Management Inc grew its stake in shares of KBR by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company's stock worth $239,000 after acquiring an additional 203 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of KBR by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 58,515 shares of the construction company's stock worth $3,390,000 after acquiring an additional 360 shares in the last quarter. Mariner LLC raised its holdings in shares of KBR by 8.7% in the fourth quarter. Mariner LLC now owns 5,227 shares of the construction company's stock valued at $303,000 after purchasing an additional 420 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of KBR by 3.2% during the fourth quarter. Federated Hermes Inc. now owns 17,320 shares of the construction company's stock valued at $1,003,000 after purchasing an additional 529 shares in the last quarter. Institutional investors own 97.02% of the company's stock.

KBR Stock Performance

Shares of NYSE KBR traded up $0.47 during trading on Thursday, reaching $53.28. 96,559 shares of the stock traded hands, compared to its average volume of 1,293,076. The company has a 50-day moving average of $50.36 and a 200-day moving average of $56.77. KBR, Inc. has a 52-week low of $43.89 and a 52-week high of $72.60. The stock has a market capitalization of $6.91 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07.

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

KBR Increases Dividend

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

Insider Activity

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction dated Friday, March 14th. The stock was 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 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 filing with the Securities & Exchange Commission, which is available through this link. 1.11% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KBR has been the subject of several analyst reports. The Goldman Sachs Group decreased their price objective on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Truist Financial decreased their price target on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. TD Cowen cut their price objective on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. KeyCorp decreased their target price on KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup cut their price target 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. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.