80,112 Shares in KBR, Inc. (NYSE:KBR) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in KBR, Inc. (NYSE:KBR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 80,112 shares of the construction company's stock, valued at approximately $4,641,000. Raymond James Financial Inc. owned about 0.06% of KBR as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. True Wealth Design LLC purchased a new stake in shares of KBR in the third quarter worth $26,000. UMB Bank n.a. boosted its stake in KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after purchasing an additional 175 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in KBR during the 4th quarter valued at about $32,000. Wilmington Savings Fund Society FSB bought a new stake in KBR during the 4th quarter valued at about $68,000. Finally, Venturi Wealth Management LLC raised its holdings in KBR by 507.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after buying an additional 1,339 shares during the last quarter. Institutional investors own 97.02% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KBR. TD Cowen reduced their price target on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Citigroup reduced their target price on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. KeyCorp decreased their price target on KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group dropped their price objective on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $75.88.

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KBR Stock Performance

KBR stock traded down $0.84 during mid-day trading on Friday, reaching $50.34. 900,153 shares of the stock traded hands, compared to its average volume of 1,277,258. KBR, Inc. has a 12-month low of $47.16 and a 12-month high of $72.60. The business's 50-day moving average is $52.32 and its 200-day moving average is $59.18. 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 stock has a market capitalization of $6.53 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86.

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

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a dividend of $0.165 per share. This is an increase from KBR's previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.31%. KBR's payout ratio is presently 23.57%.

Insider Transactions at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction dated 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 sale, the insider now owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.08% of the stock is currently owned by company 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.