Legal & General Group Plc Sells 33,980 Shares of KBR, Inc. (NYSE:KBR)

Legal & General Group Plc lowered its position in KBR, Inc. (NYSE:KBR - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,676 shares of the construction company's stock after selling 33,980 shares during the quarter. Legal & General Group Plc owned 0.17% of KBR worth $13,479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KBR. UMB Bank n.a. raised its position in KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after acquiring an additional 175 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of KBR by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company's stock worth $239,000 after buying an additional 203 shares during the period. Federated Hermes Inc. lifted its stake in shares of KBR by 3.2% in the 4th quarter. Federated Hermes Inc. now owns 17,320 shares of the construction company's stock valued at $1,003,000 after purchasing an additional 529 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in KBR during the fourth quarter worth approximately $32,000. Finally, Norden Group LLC boosted its position in KBR by 4.6% during the 4th quarter. Norden Group LLC now owns 12,653 shares of the construction company's stock worth $733,000 after purchasing an additional 554 shares during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Trading Up 0.3 %

Shares of KBR stock traded up $0.17 during trading on Friday, hitting $50.47. The stock had a trading volume of 516,105 shares, compared to its average volume of 1,304,841. 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 capitalization of $6.55 billion, a PE ratio of 21.20, a P/E/G ratio of 0.86 and a beta of 0.73. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60. The stock has a 50 day simple moving average of $50.27 and a 200 day simple moving average of $57.63.

KBR (NYSE:KBR - Get Free Report) last announced its 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 company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. On average, research analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal 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 paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from KBR's previous quarterly dividend of $0.15. KBR's payout ratio is 23.57%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. TD Cowen lowered 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. KeyCorp reduced their price objective on KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a research report on Wednesday. Truist Financial reduced their target price on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday. Citigroup decreased their price target on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. 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 investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $71.13.

Insider Transactions at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the transaction, the insider now owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This trade 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 the SEC website. 1.11% of the stock is owned by insiders.

About KBR

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.