TimesSquare Capital Management LLC increased its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 574,564 shares of the construction company's stock after buying an additional 25,198 shares during the quarter. TimesSquare Capital Management LLC owned 0.43% of KBR worth $33,284,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC bought a new position in KBR in the 3rd quarter valued at $26,000. UMB Bank n.a. raised its position in KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock valued at $31,000 after purchasing an additional 175 shares during the last quarter. Eastern Bank bought a new position in KBR in the 3rd quarter valued at $65,000. Wilmington Savings Fund Society FSB bought a new position in KBR in the 4th quarter valued at $68,000. Finally, Venturi Wealth Management LLC raised its position in KBR by 507.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock valued at $93,000 after purchasing an additional 1,339 shares during the last quarter. Institutional investors own 97.02% of the company's stock.
KBR Trading Down 3.3 %
Shares of KBR stock traded down $1.67 during trading on Friday, reaching $49.08. 2,616,731 shares of the company were exchanged, compared to its average volume of 1,362,448. 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 twelve month low of $48.66 and a twelve month high of $72.60. The business has a 50-day moving average price of $56.16 and a 200-day moving average price of $61.92. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 0.87 and a beta of 0.83.
KBR Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a dividend of $0.165 per share. The ex-dividend date is Friday, March 14th. This is a boost from KBR's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.34%. KBR's payout ratio is 25.21%.
Analyst Upgrades and Downgrades
KBR has been the subject of several research analyst reports. KeyCorp cut their price objective on KBR from $78.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Citigroup dropped their target price on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. UBS Group boosted their target price on KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. TD Cowen dropped their target price on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Finally, DA Davidson restated a "buy" rating and set a $84.00 target price 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 seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $78.00.
View Our Latest Stock 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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