Boston Partners Has $188.10 Million Position in KBR, Inc. (NYSE:KBR)

Boston Partners raised its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 12,326.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,242,416 shares of the construction company's stock after buying an additional 3,216,323 shares during the period. Boston Partners owned approximately 2.43% of KBR worth $188,098,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. True Wealth Design LLC bought a new position in shares of KBR during the 3rd quarter valued at about $26,000. UMB Bank n.a. boosted its holdings in shares of 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 purchasing an additional 175 shares during the period. First Horizon Advisors Inc. bought a new position in KBR during the fourth quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB bought a new position in KBR during the fourth quarter valued at approximately $68,000. Finally, Venturi Wealth Management LLC raised its position in KBR by 507.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock valued at $93,000 after acquiring an additional 1,339 shares in the last quarter. Institutional investors own 97.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KBR. KeyCorp dropped their price target on shares of KBR from $70.00 to $67.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 25th. TD Cowen decreased their price target on shares of KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Citigroup reduced their target price 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. Finally, The Goldman Sachs Group reduced their target price 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. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $75.88.

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Insider Activity

In related news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction that occurred 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 sale, the insider now owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.08% of the stock is currently owned by company insiders.

KBR Trading Up 0.2 %

KBR stock traded up $0.11 during midday trading on Friday, reaching $50.15. The stock had a trading volume of 1,192,023 shares, compared to its average volume of 1,241,854. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a twelve month low of $47.16 and a twelve month high of $72.60. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 0.86 and a beta of 0.86. The business has a fifty day simple moving average of $53.16 and a two-hundred day simple moving average of $59.62.

KBR (NYSE:KBR - Get Free Report) last issued its 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 return on equity of 28.87% and a net margin of 4.35%. The firm had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2 billion. As a group, research analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, March 14th. This is a boost from KBR's previous quarterly dividend of $0.15. KBR's payout ratio is 23.57%.

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.