Wells Fargo & Company MN Lowers Holdings in KBR, Inc. (NYSE:KBR)

Wells Fargo & Company MN reduced its position in KBR, Inc. (NYSE:KBR - Free Report) by 7.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 276,544 shares of the construction company's stock after selling 20,727 shares during the period. Wells Fargo & Company MN owned about 0.21% of KBR worth $16,020,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hennessy Advisors Inc. bought a new position in shares of KBR in the fourth quarter worth $47,022,000. Proficio Capital Partners LLC bought a new position in KBR in the fourth quarter valued at about $1,131,000. Franklin Resources Inc. boosted its position in KBR by 14.5% in the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company's stock valued at $167,876,000 after buying an additional 305,889 shares in the last quarter. Blue Trust Inc. raised its position in KBR by 56.9% in the fourth 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 last quarter. Finally, Mount Yale Investment Advisors LLC acquired a new position in KBR in the 4th quarter valued at approximately $290,000. Institutional investors own 97.02% of the company's stock.

KBR Stock Performance

NYSE KBR traded up $0.17 during trading on Friday, hitting $50.47. 516,105 shares of the company's stock traded hands, compared to its average volume of 1,303,548. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60. The business has a 50 day moving average of $50.35 and a 200-day moving average of $57.73. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 0.86 and a beta of 0.73.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.08. The business 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, 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were issued a dividend of $0.165 per share. This is a positive change from KBR's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, March 14th. KBR's dividend payout ratio is currently 23.57%.

Insider Activity at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the business's 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 transaction, the insider now owns 63,533 shares in the company, valued at $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on KBR shares. Citigroup cut their target price on KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Truist Financial lowered their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a report on Monday. TD Cowen decreased their price objective on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. KeyCorp cut their target price on KBR from $67.00 to $59.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group reduced their price target on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $71.13.

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.