KBR, Inc. (NYSE:KBR) Shares Acquired by LPL Financial LLC

LPL Financial LLC raised its position in KBR, Inc. (NYSE:KBR - Free Report) by 45.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,283 shares of the construction company's stock after purchasing an additional 5,408 shares during the quarter. LPL Financial LLC's holdings in KBR were worth $1,001,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Boston Partners grew its stake in shares of KBR by 12,326.4% in the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock worth $188,098,000 after acquiring an additional 3,216,323 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in KBR by 87.2% during the 4th 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. Hennessy Advisors Inc. acquired a new stake in KBR in the 4th quarter valued at about $47,022,000. Franklin Resources Inc. boosted its stake in shares of KBR by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company's stock valued at $167,876,000 after buying an additional 305,889 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of KBR by 33.0% during the fourth quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company's stock worth $51,099,000 after buying an additional 218,853 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KBR has been the subject of several analyst reports. KeyCorp lowered their price target on shares of KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. The Goldman Sachs Group lowered their target price on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Truist Financial cut their price target on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. TD Cowen lowered their price objective 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, Citigroup cut their target price on KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.13.

KBR Stock Performance

NYSE:KBR traded up $0.97 during mid-day trading on Wednesday, reaching $51.77. 1,113,394 shares of the stock were exchanged, compared to its average volume of 1,306,257. 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 1 year low of $43.89 and a 1 year high of $72.60. The company has a 50 day simple moving average of $50.17 and a 200-day simple moving average of $57.34. The stock has a market capitalization of $6.72 billion, a P/E ratio of 21.75, a P/E/G ratio of 0.86 and a beta of 0.73.

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

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were issued a dividend of $0.165 per share. The ex-dividend date was Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.27%. This is a positive change from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio (DPR) is currently 23.57%.

Insider Activity at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.11% of the stock is currently owned by insiders.

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.