FIL Ltd Has $26.16 Million Stock Position in KBR, Inc. (NYSE:KBR)

FIL Ltd raised its position in KBR, Inc. (NYSE:KBR - Free Report) by 87.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451,493 shares of the construction company's stock after purchasing an additional 210,243 shares during the quarter. FIL Ltd owned approximately 0.34% of KBR worth $26,155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of KBR by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company's stock valued at $740,951,000 after buying an additional 68,588 shares in the last quarter. Boston Partners grew its position in KBR by 12,326.4% in the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock worth $188,098,000 after acquiring an additional 3,216,323 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of KBR by 18.7% during the 4th quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company's stock worth $166,167,000 after purchasing an additional 451,887 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of KBR by 87.2% during the 4th 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. Finally, Norges Bank bought a new position in shares of KBR during the 4th quarter valued at $104,033,000. Hedge funds and other institutional investors own 97.02% of the company's stock.

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KBR Stock Performance

KBR traded down $0.33 on Tuesday, hitting $50.25. 501,031 shares of the stock traded hands, compared to its average volume of 1,306,088. The business has a fifty day moving average price of $50.62 and a two-hundred day moving average price of $57.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 52 week low of $43.89 and a 52 week high of $72.60. The firm has a market capitalization of $6.52 billion, a PE ratio of 21.11, a P/E/G ratio of 0.86 and a beta of 0.73.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping 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 firm had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2 billion. On average, research analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently disclosed 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 is a positive change from KBR's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, March 14th. KBR's dividend payout ratio is currently 23.57%.

Insider Activity

In other news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the completion of the transaction, the insider now owns 63,533 shares in the company, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KBR shares. The Goldman Sachs Group lowered their target price on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. KeyCorp cut their price objective on KBR from $70.00 to $67.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. TD Cowen decreased their target price on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Truist Financial dropped their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Citigroup decreased their price objective on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.13.

About KBR

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.