KBR, Inc. (NYSE:KBR) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. grew its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,305 shares of the construction company's stock after buying an additional 8,311 shares during the period. Alliancebernstein L.P. owned 0.14% of KBR worth $10,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of KBR. Wellington Management Group LLP raised its position in KBR by 21.1% in the 3rd quarter. Wellington Management Group LLP now owns 486,017 shares of the construction company's stock worth $31,654,000 after purchasing an additional 84,698 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of KBR by 278.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,914 shares of the construction company's stock worth $190,000 after acquiring an additional 2,144 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of KBR by 2.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 73,231 shares of the construction company's stock valued at $4,770,000 after buying an additional 2,087 shares in the last quarter. Sanctuary Advisors LLC grew its holdings 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. Finally, Tidal Investments LLC acquired a new position in KBR during the 3rd quarter valued at about $200,000. Hedge funds and other institutional investors own 97.02% of the company's stock.

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Insider Transactions at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction dated 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.08% of the company's stock.

Analyst Upgrades and Downgrades

KBR has been the subject of a number of 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 for the company in a report on Wednesday, February 26th. TD Cowen decreased their price objective on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Citigroup dropped their price target on shares of KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. KeyCorp reduced their target price on KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a report on Tuesday, February 25th. Finally, 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. One investment 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 has a consensus rating of "Moderate Buy" and a consensus price target of $72.13.

KBR Trading Down 0.1 %

Shares of KBR stock traded down $0.05 on Tuesday, reaching $50.53. The company had a trading volume of 288,964 shares, compared to its average volume of 1,304,517. The firm has a market cap of $6.56 billion, a PE ratio of 21.23, a PEG ratio of 0.86 and a beta of 0.73. 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, Inc. has a 52-week low of $43.89 and a 52-week high of $72.60. The firm's 50 day moving average price is $50.62 and its two-hundred day moving average price is $57.94.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $2 billion. Sell-side analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio is 23.57%.

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.