CenterBook Partners LP raised its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 241.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,002 shares of the construction company's stock after acquiring an additional 60,798 shares during the quarter. CenterBook Partners LP owned approximately 0.06% of KBR worth $4,982,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in KBR. UMB Bank n.a. boosted its holdings in shares of KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock valued at $31,000 after buying an additional 175 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in KBR in the fourth quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new stake in KBR in the fourth quarter valued at approximately $68,000. Venturi Wealth Management LLC increased its position in shares of KBR by 507.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after purchasing an additional 1,339 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of KBR during the 4th quarter valued at $104,000. Institutional investors own 97.02% of the company's stock.
Insider Buying and Selling at KBR
In related 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.08% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on KBR shares. KeyCorp lowered their price target on KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a report on Tuesday, February 25th. Citigroup reduced their price objective on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Truist Financial lowered their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Monday. The Goldman Sachs Group reduced their price target on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, TD Cowen decreased their target price on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $72.13.
Check Out Our Latest Report on KBR
KBR Trading Down 0.8 %
NYSE:KBR traded down $0.39 on Monday, hitting $49.94. The stock had a trading volume of 389,113 shares, compared to its average volume of 1,305,687. The company has a fifty day moving average price of $50.68 and a two-hundred day moving average price of $58.04. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 0.86 and a beta of 0.73. 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 1-year low of $43.89 and a 1-year high of $72.60.
KBR (NYSE:KBR - Get Free Report) last posted its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2 billion. Equities research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.
KBR Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, March 14th. This is a positive change from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio (DPR) is 23.57%.
KBR Profile
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Free Report)
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.
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