KBR, Inc. (NYSE:KBR) Shares Bought by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC increased its position in shares of KBR, Inc. (NYSE:KBR) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,119,910 shares of the construction company’s stock after buying an additional 51,941 shares during the period. Silvercrest Asset Management Group LLC’s holdings in KBR were worth $64,876,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in shares of KBR during the fourth quarter worth about $31,000. UMB Bank n.a. increased its holdings in KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after purchasing an additional 175 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in shares of KBR in the 4th quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB purchased a new position in shares of KBR during the 4th quarter valued at approximately $68,000. Finally, Venturi Wealth Management LLC grew its position in shares of KBR by 507.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock worth $93,000 after buying an additional 1,339 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Citigroup dropped their target price 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. Truist Financial cut their price objective on KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. KeyCorp increased their target price on KBR from $59.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group reduced their price objective on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $68.86.

KBR Stock Up 0.3%

NYSE:KBR opened at $55.82 on Friday. The firm has a market capitalization of $7.24 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. KBR, Inc. has a 52 week low of $43.89 and a 52 week high of $72.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a 50 day moving average of $51.44 and a 200-day moving average of $55.69.

KBR (NYSE:KBR) last issued its quarterly earnings data 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 return on equity of 28.87% and a net margin of 4.35%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the business earned $0.77 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. Analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.18%. KBR’s dividend payout ratio (DPR) is presently 22.07%.

Insider Activity at KBR

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 transaction of $961,210.00. Following the sale, the insider now directly owns 63,533 shares in the company, valued at $3,214,134.47. The trade was a 23.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.11% of the stock is currently owned by 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.