Renaissance Technologies LLC Sells 307,300 Shares of KBR, Inc. (NYSE:KBR)

Renaissance Technologies LLC decreased its position in KBR, Inc. (NYSE:KBR - Free Report) by 44.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 380,800 shares of the construction company's stock after selling 307,300 shares during the quarter. Renaissance Technologies LLC owned 0.29% of KBR worth $22,060,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in KBR. Vanguard Group Inc. boosted its holdings in shares of KBR by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company's stock valued at $740,951,000 after acquiring an additional 68,588 shares during the period. Boston Partners increased its holdings in shares of KBR by 12,326.4% during the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock valued at $188,098,000 after purchasing an additional 3,216,323 shares during the period. Franklin Resources Inc. raised its stake in shares of KBR by 18.7% during the fourth quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company's stock valued at $166,167,000 after purchasing an additional 451,887 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in KBR by 87.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company's stock worth $162,503,000 after purchasing an additional 1,307,033 shares during the period. Finally, Norges Bank bought a new stake in shares of KBR during the 4th quarter worth about $104,033,000. 97.02% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of brokerages have weighed in on KBR. Truist Financial cut their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a report on Monday. The Goldman Sachs Group reduced their target price on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. TD Cowen decreased their price target on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Citigroup reduced their price objective 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, KeyCorp cut their price objective on shares of KBR from $67.00 to $59.00 and set an "overweight" rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $71.13.

Insider Transactions at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 63,533 shares in the company, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.11% of the company's stock.

KBR Trading Up 0.1 %

Shares of NYSE:KBR traded up $0.06 during midday trading on Wednesday, hitting $50.31. The company had a trading volume of 954,958 shares, compared to its average volume of 1,305,314. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 0.86 and a beta of 0.73. The firm has a fifty day simple moving average of $50.53 and a 200 day simple moving average of $57.89. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 12 month low of $43.89 and a 12 month 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 for the quarter, beating the consensus estimate of $0.83 by $0.08. The business had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. On average, analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.31%. This is an increase from KBR's previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 14th. KBR's dividend payout ratio (DPR) is currently 23.57%.

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.