Natixis Purchases New Shares in KBR, Inc. (NYSE:KBR)

Natixis acquired a new stake in KBR, Inc. (NYSE:KBR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 53,600 shares of the construction company's stock, valued at approximately $3,105,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. UMB Bank n.a. lifted its position in KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after acquiring an additional 175 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of KBR by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company's stock worth $239,000 after purchasing an additional 203 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of KBR by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 58,515 shares of the construction company's stock valued at $3,390,000 after purchasing an additional 360 shares during the period. Guggenheim Capital LLC grew its holdings in KBR by 4.2% during the 4th quarter. Guggenheim Capital LLC now owns 9,838 shares of the construction company's stock valued at $570,000 after purchasing an additional 394 shares in the last quarter. Finally, Mariner LLC increased its stake in KBR by 8.7% during the 4th quarter. Mariner LLC now owns 5,227 shares of the construction company's stock worth $303,000 after buying an additional 420 shares during the period. Institutional investors and hedge funds own 97.02% of the company's stock.

KBR Stock Performance

NYSE:KBR traded up $1.77 during midday trading on Thursday, reaching $53.52. 1,439,053 shares of the company traded hands, compared to its average volume of 1,307,008. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The company has a fifty day moving average price of $50.20 and a 200 day moving average price of $57.20. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data 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. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. On average, analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were issued a $0.165 dividend. The ex-dividend date was Friday, March 14th. This is a boost from KBR's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.23%. KBR's dividend payout ratio (DPR) is 23.57%.

Wall Street Analysts Forecast Growth

KBR has been the subject of a number of analyst reports. Truist Financial decreased their price objective on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. TD Cowen dropped their price objective on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. KeyCorp reduced their target price on KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Citigroup dropped their price target 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. Finally, The Goldman Sachs Group reduced their price objective on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $71.13.

Insider Activity at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now owns 63,533 shares of the company's stock, valued at $3,214,134.47. The trade was a 23.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.11% of the company's stock.

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.