Intrinsic Edge Capital Management LLC Takes Position in KBR, Inc. (NYSE:KBR)

Intrinsic Edge Capital Management LLC acquired a new stake in KBR, Inc. (NYSE:KBR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 84,944 shares of the construction company's stock, valued at approximately $4,921,000. Intrinsic Edge Capital Management LLC owned 0.06% of KBR as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KBR. UMB Bank n.a. increased 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 in the fourth quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB bought a new stake in shares of KBR during the 4th quarter worth $68,000. Venturi Wealth Management LLC grew its position in KBR by 507.2% in 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 during the last quarter. Finally, R Squared Ltd acquired a new position in KBR during the 4th quarter worth approximately $104,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Stock Performance

Shares of KBR stock traded up $0.03 during trading hours on Tuesday, reaching $52.94. 781,596 shares of the stock traded hands, compared to its average volume of 1,301,574. The company has a 50 day moving average price of $50.24 and a 200 day moving average price of $56.83. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 0.86 and a beta of 0.73.

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

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were issued a $0.165 dividend. The ex-dividend date was Friday, March 14th. This is a positive change from KBR's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.25%. KBR's dividend payout ratio (DPR) is 23.57%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. TD Cowen lowered their price objective on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group lowered their target price on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Truist Financial lowered their price objective on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. KeyCorp reduced their price objective on shares of KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup reduced their price target on shares of KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research report on Friday. 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, KBR has a consensus rating of "Moderate Buy" and a consensus target price of $70.25.

Insider Buying and Selling

In other news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction 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. The trade was a 23.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.11% of the stock is currently owned by company insiders.

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.