American Century Companies Inc. Has $2.69 Million Stock Holdings in KBR, Inc. (NYSE:KBR)

American Century Companies Inc. boosted its stake in KBR, Inc. (NYSE:KBR - Free Report) by 93.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,430 shares of the construction company's stock after purchasing an additional 22,446 shares during the quarter. American Century Companies Inc.'s holdings in KBR were worth $2,690,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in KBR. Boston Partners increased its stake in shares of KBR by 12,326.4% in the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock valued at $188,098,000 after acquiring an additional 3,216,323 shares during the last quarter. Bank of New York Mellon Corp increased its stake in KBR by 87.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company's stock valued at $162,503,000 after purchasing an additional 1,307,033 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in KBR in the fourth quarter worth $47,022,000. Franklin Resources Inc. boosted its position 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 worth $167,876,000 after purchasing an additional 305,889 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of KBR by 33.0% in the 4th quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company's stock valued at $51,099,000 after buying an additional 218,853 shares during the period. Institutional investors and hedge funds own 97.02% of the company's stock.

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Analysts Set New Price Targets

Several research firms have weighed in on KBR. The Goldman Sachs Group reduced their target price on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Citigroup cut their price objective on KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. KeyCorp lowered their target price on KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Finally, TD Cowen reduced their price target on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $73.86.

KBR Stock Up 2.7 %

Shares of KBR traded up $1.31 during mid-day trading on Friday, hitting $50.26. 1,064,483 shares of the company's stock were exchanged, compared to its average volume of 1,307,804. The company has a 50-day simple moving average of $50.68 and a 200 day simple moving average of $58.08. 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 company has a market cap of $6.52 billion, a PE ratio of 21.12, a P/E/G ratio of 0.86 and a beta of 0.73. KBR, Inc. has a 52 week low of $43.89 and a 52 week high of $72.60.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating 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. On average, research analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

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

Insider Buying and Selling 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 shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the transaction, the insider now directly owns 63,533 shares in the company, valued at $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 available at this link. Corporate insiders own 1.08% of the company's stock.

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.