Federated Hermes Inc. Acquires 7,146 Shares of KBR, Inc. (NYSE:KBR)

Federated Hermes Inc. increased its holdings in KBR, Inc. (NYSE:KBR) by 30.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,686 shares of the construction company’s stock after purchasing an additional 7,146 shares during the quarter. Federated Hermes Inc.’s holdings in KBR were worth $1,700,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in KBR. CWM LLC grew its position in KBR by 113.6% during the 3rd quarter. CWM LLC now owns 814 shares of the construction company’s stock worth $48,000 after acquiring an additional 433 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of KBR in the fourth quarter worth approximately $64,000. Anchor Investment Management LLC purchased a new position in shares of KBR in the fourth quarter worth $69,000. Arlington Trust Co LLC bought a new stake in KBR in the 4th quarter worth $94,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of KBR during the third quarter valued at about $128,000. 97.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Jennifer Myles sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total transaction of $471,600.00. Following the completion of the transaction, the executive vice president now directly owns 38,524 shares in the company, valued at $2,270,989.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.08% of the company’s stock.

KBR Stock Performance

Shares of KBR stock opened at $65.98 on Tuesday. The company’s fifty day moving average price is $62.01 and its 200-day moving average price is $56.92. The stock has a market cap of $8.88 billion, a PE ratio of -32.19, a price-to-earnings-growth ratio of 1.38 and a beta of 0.95. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.29. KBR, Inc. has a 12 month low of $49.37 and a 12 month high of $66.20.

KBR (NYSE:KBR) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, hitting the consensus estimate of $0.69. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. KBR’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts expect that KBR, Inc. will post 3.19 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Thursday, March 14th. This is a positive change from KBR’s previous quarterly dividend of $0.14. KBR’s dividend payout ratio (DPR) is -29.27%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KBR. Citigroup raised their target price on KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. KeyCorp boosted their target price on KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. StockNews.com raised KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Stifel Nicolaus boosted their price objective on shares of KBR from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, UBS Group decreased their price objective on shares of KBR from $65.00 to $63.00 and set a “buy” rating for the company in a report on Friday, February 2nd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $73.43.

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.