463,592 Shares in KBR, Inc. (NYSE:KBR) Bought by Charter Oak Advisors LP

Charter Oak Advisors LP acquired a new stake in shares of KBR, Inc. (NYSE:KBR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 463,592 shares of the construction company's stock, valued at approximately $26,856,000. KBR accounts for 15.4% of Charter Oak Advisors LP's investment portfolio, making the stock its largest holding. Charter Oak Advisors LP owned 0.35% of KBR as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Sanctuary Advisors LLC lifted its stake in KBR by 73.4% in the third quarter. Sanctuary Advisors LLC now owns 6,122 shares of the construction company's stock worth $378,000 after purchasing an additional 2,592 shares during the last quarter. Tidal Investments LLC purchased a new stake in KBR in the third quarter worth $200,000. Franklin Resources Inc. boosted its stake in shares of KBR by 14.5% during the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company's stock valued at $167,876,000 after purchasing an additional 305,889 shares during the period. Central Pacific Bank Trust Division lifted its holdings in KBR by 45.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 5,088 shares of the construction company's stock valued at $295,000 after buying an additional 1,600 shares in the last quarter. Finally, First Hawaiian Bank bought a new position in KBR in the 4th quarter worth about $205,000. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Trading Up 0.3 %

KBR traded up $0.17 during trading hours on Friday, reaching $50.47. The company's stock had a trading volume of 516,105 shares, compared to its average volume of 1,304,841. The business's 50-day moving average is $50.27 and its 200-day moving average is $57.63. 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 cap of $6.55 billion, a PE ratio of 21.20, a P/E/G ratio of 0.86 and a beta of 0.73. KBR, Inc. has a fifty-two week low of $43.89 and a fifty-two week high of $72.60.

KBR (NYSE:KBR - Get Free Report) last released its quarterly 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 business had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. As a group, equities research analysts predict 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. Shareholders of record on Friday, March 14th were given a $0.165 dividend. This is a positive change from KBR's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.31%. KBR's payout ratio is presently 23.57%.

Insiders Place Their Bets

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the 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 sale, the insider now directly owns 63,533 shares in the company, 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. 1.11% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on KBR shares. Citigroup lowered their target price on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group dropped their price objective 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. KeyCorp reduced their price objective on shares of KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a research note on Wednesday. Truist Financial dropped their target price on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday. Finally, TD Cowen reduced their price target on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.13.

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.