KBR, Inc. (NYSE:KBR) Shares Purchased by Bokf Na

Bokf Na increased its holdings in KBR, Inc. (NYSE:KBR) by 3,667.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,312 shares of the construction company’s stock after buying an additional 5,171 shares during the quarter. Bokf Na’s holdings in KBR were worth $310,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. increased its stake in shares of KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after acquiring an additional 175 shares during the period. First Horizon Advisors Inc. purchased a new stake in KBR in the fourth quarter valued at $32,000. Wilmington Savings Fund Society FSB acquired a new stake in KBR during the 4th quarter worth about $68,000. Venturi Wealth Management LLC raised its stake in shares of KBR by 507.2% during the 4th 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 last quarter. Finally, R Squared Ltd acquired a new position in shares of KBR in the 4th quarter valued at about $104,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on KBR. Truist Financial dropped their target price on KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group dropped their price objective on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Citigroup decreased their target price on shares of KBR from $77.00 to $69.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, KeyCorp raised their price target on shares of KBR from $59.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, KBR presently has a consensus rating of “Moderate Buy” and an average target price of $68.86.

KBR Price Performance

KBR stock opened at $55.23 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The company’s fifty day moving average price is $51.03 and its 200 day moving average price is $55.92. The stock has a market capitalization of $7.17 billion, a P/E ratio of 23.21, a P/E/G ratio of 0.86 and a beta of 0.83. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60.

KBR (NYSE:KBR) last released its earnings results on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.10. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the company earned $0.77 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were issued a dividend of $0.165 per share. This is a positive change from KBR’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.20%. KBR’s dividend payout ratio is presently 23.57%.

Insider Activity

In other news, insider Gregory Sean Conlon sold 19,000 shares of the company’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 completion of the sale, the insider now directly owns 63,533 shares in the company, valued at $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.11% of the company’s stock.

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.