Zurcher Kantonalbank Zurich Cantonalbank Has $2.23 Million Stake in KBR, Inc. (NYSE:KBR)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,567 shares of the construction company's stock after buying an additional 7,465 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in KBR were worth $2,234,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KBR. Janney Montgomery Scott LLC increased its holdings in shares of KBR by 2.9% during the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company's stock worth $766,000 after buying an additional 335 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of KBR during the third quarter worth about $771,000. Victory Capital Management Inc. grew its holdings in shares of KBR by 85.1% during the third quarter. Victory Capital Management Inc. now owns 51,109 shares of the construction company's stock worth $3,329,000 after purchasing an additional 23,491 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of KBR by 34.6% during the third quarter. Natixis Advisors LLC now owns 55,584 shares of the construction company's stock worth $3,620,000 after purchasing an additional 14,295 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of KBR by 27.8% during the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company's stock worth $105,624,000 after purchasing an additional 353,209 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Buying and Selling at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now directly owns 63,533 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Insiders own 1.08% of the company's stock.

KBR Trading Down 2.4 %

Shares of KBR stock traded down $1.24 during midday trading on Thursday, reaching $50.06. The company had a trading volume of 1,308,275 shares, compared to its average volume of 1,239,525. The stock has a fifty day moving average price of $53.47 and a 200 day moving average price of $59.87. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $6.63 billion, a PE ratio of 21.03, a P/E/G ratio of 0.86 and a beta of 0.86. KBR, Inc. has a fifty-two week low of $47.16 and a fifty-two week high of $72.60.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2 billion. On average, equities analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

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

Wall Street Analyst Weigh In

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