Schroder Investment Management Group Purchases 72,579 Shares of KBR, Inc. (NYSE:KBR)

Schroder Investment Management Group increased its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 510.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 86,796 shares of the construction company's stock after buying an additional 72,579 shares during the period. Schroder Investment Management Group owned about 0.07% of KBR worth $4,973,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. UMB Bank n.a. increased its holdings 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 buying an additional 175 shares during the last quarter. CIBC Asset Management Inc increased its holdings in 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 buying an additional 203 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in KBR during the fourth quarter worth about $32,000. Norden Group LLC increased its holdings in KBR by 4.6% during the fourth quarter. Norden Group LLC now owns 12,653 shares of the construction company's stock worth $733,000 after buying an additional 554 shares during the last quarter. Finally, Cetera Trust Company N.A increased its stake in shares of KBR by 18.8% in the fourth quarter. Cetera Trust Company N.A now owns 3,567 shares of the construction company's stock worth $207,000 after purchasing an additional 565 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup reduced their target price 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. TD Cowen reduced their target price on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. KeyCorp reduced their target price on shares of 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 reduced their target price on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.86.

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KBR Price Performance

NYSE:KBR traded down $0.54 during mid-day trading on Thursday, hitting $49.98. 172,244 shares of the stock traded hands, compared to its average volume of 1,303,567. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60. The company has a market cap of $6.48 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. 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 business's 50-day moving average price is $50.83 and its 200 day moving average price is $58.29.

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

KBR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 annualized dividend and a yield of 1.32%. This is a boost from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio is presently 23.57%.

Insider Buying and Selling at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction dated 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 transaction, the insider now directly owns 63,533 shares of the company's stock, valued at $3,214,134.47. This trade represents a 23.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.08% of the stock is currently owned by corporate insiders.

KBR 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.