KBR, Inc. (NYSE:KBR) Shares Bought by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP raised its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,621,297 shares of the construction company's stock after buying an additional 110,681 shares during the quarter. KBR comprises about 6.7% of Wolf Hill Capital Management LP's investment portfolio, making the stock its 3rd largest holding. Wolf Hill Capital Management LP owned approximately 1.22% of KBR worth $93,922,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its position in KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock valued at $31,000 after acquiring an additional 175 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of KBR during the 4th quarter valued at $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of KBR in the 4th quarter worth $68,000. Venturi Wealth Management LLC grew its stake in KBR by 507.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after buying an additional 1,339 shares during the last quarter. Finally, R Squared Ltd acquired a new position in KBR during the 4th quarter valued at about $104,000. 97.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KBR shares. TD Cowen dropped their price target on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Citigroup reduced their price target on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. KeyCorp lowered their price target on shares of KBR from $67.00 to $59.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group reduced their price objective 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, Truist Financial dropped their target price on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.13.

KBR Trading Up 3.4 %

NYSE KBR traded up $1.77 on Thursday, reaching $53.52. 1,439,053 shares of the company were exchanged, compared to its average volume of 1,307,008. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The business's fifty day moving average price is $50.20 and its 200 day moving average price is $57.20. The stock has a market capitalization of $6.94 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. KBR, Inc. has a fifty-two week low of $43.89 and a fifty-two week high of $72.60.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. Analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were given a $0.165 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.23%. This is an increase from KBR's previous quarterly dividend of $0.15. KBR's payout ratio is currently 23.57%.

Insider Activity

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. Corporate insiders own 1.11% of the company's stock.

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.