Corebridge Financial Inc. Has $8.74 Million Position in KBR, Inc. (NYSE:KBR)

Corebridge Financial Inc. decreased its stake in KBR, Inc. (NYSE:KBR - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,897 shares of the construction company's stock after selling 6,576 shares during the period. Corebridge Financial Inc. owned 0.11% of KBR worth $8,741,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. True Wealth Design LLC acquired a new position in shares of KBR during the third quarter valued at $26,000. UMB Bank n.a. lifted its position in 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 purchasing an additional 175 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in KBR during the 4th quarter valued at about $32,000. Wilmington Savings Fund Society FSB acquired a new position in KBR during the 4th quarter valued at about $68,000. Finally, Venturi Wealth Management LLC grew its position in KBR by 507.2% in the 4th 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 during the last quarter. Institutional investors and hedge funds 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 KBR 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.08% of the stock is owned by corporate insiders.

Remove Ads

Analyst Upgrades and Downgrades

KBR has been the topic of a number of recent analyst reports. Citigroup cut their price target on KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. TD Cowen cut their target price on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group decreased their price target on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, KeyCorp lowered their price target on KBR from $70.00 to $67.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.88.

KBR Price Performance

Shares of KBR stock traded up $0.13 during trading on Tuesday, hitting $49.94. The stock had a trading volume of 1,028,052 shares, compared to its average volume of 1,276,598. The business has a fifty day moving average of $51.92 and a two-hundred day moving average of $59.00. KBR, Inc. has a fifty-two week low of $47.16 and a fifty-two week high of $72.60. The firm has a market cap of $6.48 billion, a P/E ratio of 20.98, a PEG ratio of 0.86 and a beta of 0.86. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly 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. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. On average, sell-side analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be 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 is Friday, March 14th. This represents a $0.66 annualized dividend and a yield of 1.32%. KBR's 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.