Wellington Management Group LLP Buys 1,167,282 Shares of KBR, Inc. (NYSE:KBR)

Wellington Management Group LLP boosted its position in KBR, Inc. (NYSE:KBR - Free Report) by 240.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,653,299 shares of the construction company's stock after acquiring an additional 1,167,282 shares during the period. Wellington Management Group LLP owned 1.25% of KBR worth $95,776,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KBR. Cerity Partners LLC raised its holdings in shares of KBR by 126.4% during the third quarter. Cerity Partners LLC now owns 8,993 shares of the construction company's stock valued at $586,000 after acquiring an additional 5,020 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of KBR by 32.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 46,686 shares of the construction company's stock worth $3,041,000 after purchasing an additional 11,392 shares during the period. Glenmede Trust Co. NA bought a new stake in shares of KBR during the 3rd quarter valued at about $504,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of KBR by 3.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 321,031 shares of the construction company's stock valued at $20,909,000 after purchasing an additional 11,064 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in shares of KBR by 102.0% during the third quarter. Captrust Financial Advisors now owns 10,976 shares of the construction company's stock valued at $715,000 after buying an additional 5,543 shares during the period. Hedge funds and other institutional investors own 97.02% of the company's stock.

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KBR Stock Up 4.1 %

NYSE:KBR traded up $1.92 on Tuesday, reaching $48.12. 267,720 shares of the stock traded hands, compared to its average volume of 1,656,397. The company's fifty day simple moving average is $51.32 and its 200 day simple moving average is $58.64. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 0.86 and a beta of 0.73. KBR, Inc. has a 12 month low of $43.89 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 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. Equities analysts predict 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. Stockholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.37%. This is a boost from KBR's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 14th. KBR's dividend payout ratio is presently 23.57%.

Insider Transactions at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now owns 63,533 shares in the company, valued at $3,214,134.47. This represents a 23.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. The Goldman Sachs Group cut their price objective on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. TD Cowen decreased their price objective on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. KeyCorp dropped their target price on shares of KBR from $70.00 to $67.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. Finally, Citigroup lowered their price target on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $75.88.

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.