KBR, Inc. (NYSE:KBR) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 435,293 shares of the construction company's stock after acquiring an additional 23,695 shares during the period. Russell Investments Group Ltd. owned approximately 0.33% of KBR worth $25,216,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KBR. Captrust Financial Advisors increased its holdings in shares of KBR by 102.0% in the 3rd quarter. Captrust Financial Advisors now owns 10,976 shares of the construction company's stock valued at $715,000 after purchasing an additional 5,543 shares in the last quarter. State Street Corp increased its holdings in KBR by 0.7% in the third quarter. State Street Corp now owns 4,016,324 shares of the construction company's stock valued at $262,185,000 after buying an additional 29,833 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of KBR by 21.1% during the 3rd quarter. Wellington Management Group LLP now owns 486,017 shares of the construction company's stock worth $31,654,000 after acquiring an additional 84,698 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of KBR by 278.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,914 shares of the construction company's stock worth $190,000 after acquiring an additional 2,144 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in KBR by 4.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 36,060 shares of the construction company's stock valued at $2,349,000 after purchasing an additional 1,621 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

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Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction dated Friday, March 14th. The stock was 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 of the company's stock, valued at $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 is available at this link. 1.08% of the stock is owned by company insiders.

KBR Trading Down 0.4 %

Shares of KBR stock traded down $0.20 during mid-day trading on Monday, hitting $50.13. 238,263 shares of the company's stock were exchanged, compared to its average volume of 1,660,326. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 0.86 and a beta of 0.73. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a fifty-two week low of $43.89 and a fifty-two week high of $72.60. The stock has a 50-day simple moving average of $50.68 and a two-hundred day simple moving average of $58.04.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (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 firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. Equities analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a dividend of $0.165 per share. This is a positive change from KBR's previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. This represents a $0.66 annualized dividend and a yield of 1.32%. KBR's dividend payout ratio is 23.57%.

Analysts Set New Price Targets

Several research firms have weighed in on KBR. KeyCorp lowered their target price on KBR from $70.00 to $67.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. The Goldman Sachs Group lowered their price objective on shares of 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 for the company in a research report on Wednesday, January 29th. Truist Financial dropped their price objective on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday. Finally, TD Cowen lowered their target price on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. One research 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 company currently has an average rating of "Moderate Buy" and an average price target of $72.13.

KBR Company 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.