KBR, Inc. (NYSE:KBR) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its stake in shares of KBR, Inc. (NYSE:KBR) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,951 shares of the construction company’s stock after selling 791 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in KBR were worth $808,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Boston Partners lifted its position in KBR by 12,326.4% during the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock worth $188,098,000 after acquiring an additional 3,216,323 shares in the last quarter. Norges Bank acquired a new position in shares of KBR during the fourth quarter worth $104,033,000. Bank of New York Mellon Corp boosted its stake in shares of KBR by 87.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock valued at $162,503,000 after purchasing an additional 1,307,033 shares during the period. Wellington Management Group LLP boosted its stake in shares of KBR by 240.2% in the fourth quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company’s stock valued at $95,776,000 after purchasing an additional 1,167,282 shares during the period. Finally, Hennessy Advisors Inc. acquired a new stake in KBR during the 4th quarter valued at $47,022,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analyst Ratings Changes

KBR has been the subject of a number of analyst reports. KeyCorp decreased their price objective on shares of KBR from $67.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. The Goldman Sachs Group reduced their price target on KBR from $75.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. TD Cowen cut their target price on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Citigroup decreased their price target on shares of KBR from $77.00 to $69.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, Truist Financial cut their price target on shares of KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.25.

KBR Stock Performance

KBR stock opened at $52.55 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60. The company has a fifty day moving average price of $50.41 and a two-hundred day moving average price of $56.65. The company has a market cap of $6.82 billion, a PE ratio of 22.08, a P/E/G ratio of 0.86 and a beta of 0.73.

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

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.26%. This is a boost from KBR’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 14th. KBR’s dividend payout ratio is presently 23.57%.

Insider Buying and Selling

In related news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction dated 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 in the company, valued at $3,214,134.47. This trade represents a 23.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.11% of the company’s stock.

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.