Vanguard Group Inc. Boosts Stake in KBR, Inc. (NYSE:KBR)

Vanguard Group Inc. boosted its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,790,454 shares of the construction company's stock after buying an additional 68,588 shares during the period. Vanguard Group Inc. owned approximately 9.60% of KBR worth $740,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KBR. True Wealth Design LLC acquired a new position in shares of KBR during the third quarter valued at about $26,000. UMB Bank n.a. raised its holdings in shares of KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after buying an additional 175 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in shares of KBR in the fourth quarter worth $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of KBR during the fourth quarter worth $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 valued at $93,000 after buying an additional 1,339 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was 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 of the company's stock, valued at $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.08% of the company's stock.

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KBR Price Performance

Shares of KBR stock traded down $2.42 during mid-day trading on Thursday, hitting $51.36. 2,353,351 shares of the stock were exchanged, compared to its average volume of 1,291,498. KBR, Inc. has a 52-week low of $47.16 and a 52-week high of $72.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The company has a market cap of $6.66 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86. The firm has a fifty day moving average of $51.69 and a 200 day moving average of $58.91.

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. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. Research analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.29%. This is an increase from KBR's previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. KBR's dividend payout ratio (DPR) is presently 23.57%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KBR shares. TD Cowen lowered their price target on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group decreased 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. KeyCorp cut their price target on shares of KBR from $70.00 to $67.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. Finally, Citigroup decreased their price objective on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $75.88.

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.