Invesco Ltd. Lowers Stock Position in KBR, Inc. (NYSE:KBR)

Invesco Ltd. lowered its position in KBR, Inc. (NYSE:KBR - Free Report) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,242,387 shares of the construction company's stock after selling 199,167 shares during the quarter. Invesco Ltd. owned about 3.18% of KBR worth $245,761,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boston Partners raised its holdings in KBR by 12,326.4% in the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock valued at $188,098,000 after buying an additional 3,216,323 shares during the period. Norges Bank purchased a new position in shares of KBR during the 4th quarter worth approximately $104,033,000. Bank of New York Mellon Corp raised its position in KBR by 87.2% in the fourth 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 during the period. Wellington Management Group LLP boosted its position in shares of KBR by 240.2% during the fourth quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company's stock worth $95,776,000 after buying an additional 1,167,282 shares during the period. Finally, Hennessy Advisors Inc. acquired a new stake in shares of KBR in the fourth quarter valued at $47,022,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction 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 transaction, the insider now directly owns 63,533 shares in the company, valued at $3,214,134.47. This trade represents a 23.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.11% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. The Goldman Sachs Group decreased their target price on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Citigroup cut 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. TD Cowen dropped their price target on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Truist Financial reduced their price objective on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday. Finally, KeyCorp lowered their target price on KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a research note on Wednesday. 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 data from MarketBeat.com, KBR has an average rating of "Moderate Buy" and an average price target of $71.13.

KBR Stock Up 0.7 %

Shares of NYSE:KBR traded up $0.34 during trading on Wednesday, hitting $50.59. 91,276 shares of the company were exchanged, compared to its average volume of 1,637,651. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm's 50 day moving average price is $50.53 and its 200-day moving average price is $57.89. The stock has a market capitalization of $6.56 billion, a P/E ratio of 21.26, a PEG ratio of 0.86 and a beta of 0.73. KBR, Inc. has a 12-month low of $43.89 and a 12-month 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 for the quarter, beating the consensus estimate of $0.83 by $0.08. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. On average, research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were paid 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 yield of 1.30%. KBR's payout ratio is currently 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.