Shelton Capital Management Boosts Stock Holdings in KBR, Inc. (NYSE:KBR)

Shelton Capital Management raised its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 181.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,071 shares of the construction company's stock after purchasing an additional 9,709 shares during the quarter. Shelton Capital Management's holdings in KBR were worth $873,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Federated Hermes Inc. raised its position in shares of KBR by 3.2% in the fourth quarter. Federated Hermes Inc. now owns 17,320 shares of the construction company's stock worth $1,003,000 after acquiring an additional 529 shares during the period. Aristides Capital LLC boosted its position in KBR by 16.0% during the fourth quarter. Aristides Capital LLC now owns 27,030 shares of the construction company's stock worth $1,566,000 after purchasing an additional 3,721 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in KBR in the fourth quarter valued at approximately $530,000. Russell Investments Group Ltd. increased its position in shares of KBR by 5.8% in the fourth quarter. Russell Investments Group Ltd. now owns 435,293 shares of the construction company's stock valued at $25,216,000 after buying an additional 23,695 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of KBR by 168.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 58,714 shares of the construction company's stock worth $3,401,000 after buying an additional 36,827 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.

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KBR Trading Up 0.3 %

Shares of KBR stock traded up $0.14 on Tuesday, hitting $50.72. 153,478 shares of the stock traded hands, compared to its average volume of 1,651,533. The firm's 50-day moving average price is $50.62 and its two-hundred day moving average price is $57.94. The stock has a market capitalization of $6.58 billion, a PE ratio of 21.31, a PEG ratio of 0.86 and a beta of 0.73. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60.

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 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 company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. As a group, analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from KBR's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 14th. KBR's payout ratio is 23.57%.

Insider Buying and Selling

In related news, insider Gregory Sean Conlon sold 19,000 shares of the firm'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 transaction, the insider now directly owns 63,533 shares in the company, 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 through this link. 1.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KBR has been the subject of several recent analyst reports. Citigroup cut their price target on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Truist Financial decreased their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday. TD Cowen reduced their target price on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group lowered their price target on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Finally, KeyCorp reduced their price objective on KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, KBR has an average rating of "Moderate Buy" and a consensus target price of $72.13.

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.