Teacher Retirement System of Texas grew its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 113.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,627 shares of the construction company's stock after purchasing an additional 35,411 shares during the period. Teacher Retirement System of Texas owned about 0.05% of KBR worth $3,860,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC purchased a new stake in KBR in the third quarter valued at $26,000. UMB Bank n.a. grew its position in KBR by 49.2% during 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 during the last quarter. First Horizon Advisors Inc. acquired a new position in KBR in the fourth quarter valued at $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of KBR during the fourth quarter worth about $68,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of KBR by 507.2% during 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 during the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.
Insiders Place Their Bets
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 transaction of $961,210.00. Following the sale, the insider now 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 filing with the SEC, which is accessible through the SEC website. 1.08% of the stock is currently owned by insiders.
KBR Trading Up 0.3 %
KBR stock traded up $0.17 during midday trading on Tuesday, reaching $51.51. The stock had a trading volume of 704,349 shares, compared to its average volume of 1,243,632. The stock's 50-day simple moving average is $53.00 and its 200 day simple moving average is $59.46. KBR, Inc. has a twelve month low of $47.16 and a twelve month high of $72.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $6.82 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86.
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 for the quarter, beating the consensus estimate of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. Analysts expect that KBR, Inc. will post 3.26 EPS for the current year.
KBR Increases Dividend
The firm 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 represents a $0.66 dividend on an annualized basis and a yield of 1.28%. This is a boost from KBR's previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. KBR's dividend payout ratio is 23.57%.
Analyst Upgrades and Downgrades
KBR has been the subject of several analyst reports. KeyCorp reduced their price objective on KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. The Goldman Sachs Group dropped their target price on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Citigroup dropped their price target on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, TD Cowen dropped their price objective 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. 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, the stock has an average rating of "Moderate Buy" and an average price target of $75.88.
Get Our Latest Research Report on KBR
KBR Company Profile
(
Free Report)
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.
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