Raymond James Financial Inc. Takes $4.64 Million Position in KBR, Inc. (NYSE:KBR)

Raymond James Financial Inc. acquired a new stake in shares of KBR, Inc. (NYSE:KBR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FIL Ltd increased its stake in shares of KBR by 87.1% during the fourth quarter. FIL Ltd now owns 451,493 shares of the construction company's stock valued at $26,155,000 after buying an additional 210,243 shares during the period. Shelton Capital Management increased its position in KBR by 181.1% during the 4th quarter. Shelton Capital Management now owns 15,071 shares of the construction company's stock valued at $873,000 after purchasing an additional 9,709 shares during the period. Federated Hermes Inc. lifted its position 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 worth $1,003,000 after purchasing an additional 529 shares during the period. Aristides Capital LLC boosted its stake in shares of KBR by 16.0% during the 4th quarter. Aristides Capital LLC now owns 27,030 shares of the construction company's stock valued at $1,566,000 after purchasing an additional 3,721 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in KBR in the fourth quarter worth about $530,000. 97.02% of the stock is owned by institutional investors.

KBR Stock Up 0.1 %

Shares of KBR traded up $0.03 on Tuesday, hitting $52.94. 781,596 shares of the stock traded hands, compared to its average volume of 1,304,186. The company has a market capitalization of $6.87 billion, a PE ratio of 22.24, a P/E/G ratio of 0.86 and a beta of 0.73. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The business has a 50 day simple moving average of $50.24 and a 200 day simple moving average of $56.83.

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

KBR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.25%. This is a boost from KBR's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 14th. KBR's dividend payout ratio is presently 23.57%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. The Goldman Sachs Group reduced 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. KeyCorp reduced their price target on KBR from $67.00 to $59.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Citigroup decreased their price objective on KBR from $77.00 to $69.00 and set a "buy" rating for the company in a report on Friday. Truist Financial reduced their target price on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, 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 research report on Wednesday, January 8th. 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, KBR has an average rating of "Moderate Buy" and an average target price of $70.25.

Insider Transactions at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the company'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 completion of the sale, the insider now directly owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.