Charles Schwab Investment Management Inc. Buys 5,000 Shares of KBR, Inc. (NYSE:KBR)

Charles Schwab Investment Management Inc. boosted its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 842,016 shares of the construction company's stock after acquiring an additional 5,000 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.63% of KBR worth $48,778,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC purchased a new position in KBR in the third quarter worth $26,000. UMB Bank n.a. boosted its holdings in shares of KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after purchasing an additional 175 shares in the last quarter. First Horizon Advisors Inc. bought a new position in shares of KBR during the 4th quarter valued at about $32,000. Wilmington Savings Fund Society FSB purchased a new position in shares of KBR during the 4th quarter valued at about $68,000. Finally, Venturi Wealth Management LLC boosted its stake in KBR by 507.2% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Trading Up 1.2 %

Shares of KBR stock traded up $0.62 during trading hours on Friday, reaching $50.63. The company's stock had a trading volume of 1,456,148 shares, compared to its average volume of 1,240,625. 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 stock has a market capitalization of $6.70 billion, a P/E ratio of 21.27, a P/E/G ratio of 0.86 and a beta of 0.86. The firm's fifty day simple moving average is $53.86 and its 200 day simple moving average is $60.29. KBR, Inc. has a one year low of $47.16 and a one year high of $72.60.

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KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. Equities research analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a $0.165 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. This is a positive change from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio is currently 23.57%.

Analyst Upgrades and Downgrades

KBR has been the topic of several research reports. TD Cowen decreased their price target on shares of KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Citigroup lowered their price target on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. KeyCorp reduced 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. The Goldman Sachs Group lowered their target price 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, DA Davidson restated a "buy" rating and set a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, KBR presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.88.

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.