AYAL Capital Advisors Ltd Makes New Investment in KBR, Inc. (NYSE:KBR)

AYAL Capital Advisors Ltd purchased a new stake in KBR, Inc. (NYSE:KBR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 105,000 shares of the construction company’s stock, valued at approximately $6,083,000. KBR accounts for about 1.6% of AYAL Capital Advisors Ltd’s holdings, making the stock its 12th largest position.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. increased its position in KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after purchasing an additional 175 shares during the period. First Horizon Advisors Inc. acquired a new stake in shares of KBR during the fourth quarter worth $32,000. Wilmington Savings Fund Society FSB bought a new position in KBR during the fourth quarter worth $68,000. Venturi Wealth Management LLC lifted its holdings in KBR by 507.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock valued at $93,000 after buying an additional 1,339 shares during the period. Finally, R Squared Ltd bought a new stake in KBR during the fourth quarter valued at $104,000. 97.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on KBR. KeyCorp lowered their price objective on KBR from $67.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Truist Financial dropped their price target on KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. TD Cowen reduced 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. Citigroup dropped their target price on shares of KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. 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 research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, KBR currently has a consensus rating of “Moderate Buy” and an average target price of $70.25.

KBR Stock Performance

NYSE KBR opened at $52.11 on Friday. The company has a market cap of $6.76 billion, a P/E ratio of 21.89, a PEG ratio of 0.86 and a beta of 0.73. The company has a fifty day simple moving average of $50.49 and a 200 day simple moving average of $56.55. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60.

KBR (NYSE:KBR) last issued its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2 billion. Sell-side analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were paid a $0.165 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.27%. KBR’s dividend payout ratio is 23.57%.

Insider Activity

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the transaction, the insider now directly owns 63,533 shares in the company, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.