Snyder Capital Management L P Has $131.07 Million Stock Holdings in KBR, Inc. (NYSE:KBR)

Snyder Capital Management L P cut its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,262,551 shares of the construction company's stock after selling 84,394 shares during the quarter. KBR comprises approximately 2.7% of Snyder Capital Management L P's portfolio, making the stock its 9th biggest holding. Snyder Capital Management L P owned approximately 1.70% of KBR worth $131,070,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its stake 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 valued at $31,000 after purchasing an additional 175 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in shares of KBR in the 4th quarter valued at about $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of KBR in the 4th quarter valued at about $68,000. Venturi Wealth Management LLC lifted its stake in shares of 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 in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of KBR during the 4th quarter valued at about $104,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citigroup dropped their target price on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a report on Friday. Truist Financial dropped their target price on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 14th. TD Cowen dropped 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. KeyCorp dropped their target price on KBR from $67.00 to $59.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group dropped their target price on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.25.

KBR Stock Down 0.4 %

KBR traded down $0.20 during trading on Monday, hitting $52.85. The company had a trading volume of 1,185,539 shares, compared to its average volume of 1,306,278. The company has a market cap of $6.86 billion, a PE ratio of 22.21, a P/E/G ratio of 0.86 and a beta of 0.73. The business has a 50-day moving average of $50.22 and a 200-day moving average of $56.94. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.08. The firm had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. As a group, analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.25%. This is a boost from KBR's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 14th. KBR's dividend payout ratio is 23.57%.

Insiders Place Their Bets

In other news, insider Gregory Sean Conlon sold 19,000 shares of the company'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 transaction, the insider now owns 63,533 shares in the company, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.11% of the stock is owned by corporate insiders.

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.