Truist Financial Corp Has $692,000 Stock Position in KBR, Inc. (NYSE:KBR)

Truist Financial Corp grew its position in KBR, Inc. (NYSE:KBR - Free Report) by 287.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,953 shares of the construction company's stock after purchasing an additional 8,869 shares during the period. Truist Financial Corp's holdings in KBR were worth $692,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Pier 88 Investment Partners LLC increased its stake in KBR by 25.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company's stock valued at $3,303,000 after buying an additional 10,420 shares during the period. Hennessy Advisors Inc. bought a new stake in KBR during the fourth quarter worth approximately $47,022,000. GSA Capital Partners LLP acquired a new stake in KBR in the third quarter worth approximately $771,000. Franklin Resources Inc. boosted its stake in KBR by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company's stock valued at $167,876,000 after purchasing an additional 305,889 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of KBR by 56.9% during the 4th quarter. Blue Trust Inc. now owns 3,021 shares of the construction company's stock valued at $175,000 after purchasing an additional 1,095 shares during the period. Institutional investors and hedge funds own 97.02% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on KBR. TD Cowen decreased their target price on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Citigroup lowered their price objective on shares of KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group cut 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. KeyCorp cut their price objective on KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research report on Tuesday, February 25th. Finally, DA Davidson restated a "buy" rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $75.88.

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KBR Stock Down 1.4 %

Shares of KBR stock traded down $0.70 during midday trading on Thursday, hitting $49.48. The company's stock had a trading volume of 1,340,606 shares, compared to its average volume of 1,663,261. The firm has a market capitalization of $6.55 billion, a P/E ratio of 20.80, a PEG ratio of 0.86 and a beta of 0.83. KBR, Inc. has a 1-year low of $47.16 and a 1-year high of $72.60. 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 stock has a 50-day simple moving average of $54.85 and a 200-day simple moving average of $61.03.

KBR (NYSE:KBR - Get Free Report) last released 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 company had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. As a group, sell-side analysts expect that KBR, Inc. will post 3.26 earnings per share 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 issued a dividend of $0.165 per share. This is a boost from KBR's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, March 14th. KBR's payout ratio is currently 23.57%.

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.