Schechter Investment Advisors LLC purchased a new stake in shares of KBR, Inc. (NYSE:KBR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,113 shares of the construction company's stock, valued at approximately $296,000.
Several other institutional investors have also recently made changes to their positions in KBR. True Wealth Design LLC purchased a new position in KBR during the third quarter valued at $26,000. UMB Bank n.a. raised its stake in shares of KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after buying an additional 175 shares during the period. First Horizon Advisors Inc. purchased a new position in shares of KBR during the 4th quarter valued at about $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of KBR during the 4th quarter valued at approximately $68,000. Finally, Venturi Wealth Management LLC increased its holdings in KBR by 507.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after acquiring an additional 1,339 shares in the last quarter. Institutional investors own 97.02% of the company's stock.
KBR Trading Up 3.7 %
Shares of NYSE KBR traded up $1.87 during trading hours on Friday, hitting $51.91. 2,486,543 shares of the company traded hands, compared to its average volume of 1,735,281. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86. The company's 50 day moving average price is $54.60 and its 200 day moving average price is $60.82. KBR, Inc. has a 12 month low of $47.16 and a 12 month high of $72.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.
KBR (NYSE:KBR - Get Free Report) last announced its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. The business 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, equities research analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.
KBR Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 annualized dividend and a yield of 1.27%. This is an increase from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio (DPR) is presently 23.57%.
Wall Street Analyst Weigh In
Several brokerages have weighed in on KBR. TD Cowen lowered their price target on shares of KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. DA Davidson restated a "buy" rating and set a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. Citigroup cut 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. KeyCorp lowered their price objective on KBR from $70.00 to $67.00 and set an "overweight" rating on the stock in a research report 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 for the company in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $75.88.
Check Out Our Latest Analysis on KBR
About KBR
(
Free Report)
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.
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