KBR, Inc. (NYSE:KBR) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in shares of KBR, Inc. (NYSE:KBR) by 113.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,627 shares of the construction company’s stock after acquiring an additional 35,411 shares during the period. Teacher Retirement System of Texas owned 0.05% of KBR worth $3,860,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Hennessy Advisors Inc. purchased a new stake in shares of KBR in the fourth quarter valued at approximately $47,022,000. Proficio Capital Partners LLC acquired a new position in KBR during the fourth quarter worth $1,131,000. Franklin Resources Inc. grew its holdings in KBR by 14.5% in the 3rd 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. increased its stake in shares of KBR by 56.9% in the 4th quarter. Blue Trust Inc. now owns 3,021 shares of the construction company’s stock worth $175,000 after acquiring an additional 1,095 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC purchased a new position in shares of KBR during the 4th quarter worth $290,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Stock Up 2.5 %

Shares of KBR opened at $51.36 on Tuesday. The company’s 50-day simple moving average is $53.00 and its 200-day simple moving average is $59.46. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR, Inc. has a 1 year low of $47.16 and a 1 year high of $72.60. The stock has a market capitalization of $6.80 billion, a PE ratio of 21.58, a P/E/G ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR) last released its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. Analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.28%. This is a boost from KBR’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. KBR’s payout ratio is presently 23.57%.

Analyst Ratings Changes

KBR has been the subject of a number of analyst reports. TD Cowen dropped their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group dropped their price target 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. Citigroup decreased their price objective 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 cut their target price on KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and eight have given 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 target price of $75.88.

Insiders Place Their Bets

In other KBR 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 sale, the insider now directly owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.08% of the stock is owned by company insiders.

KBR Company 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.