Man Group plc Boosts Stock Position in KBR, Inc. (NYSE:KBR)

Man Group plc raised its stake in KBR, Inc. (NYSE:KBR) by 127.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 219,492 shares of the construction company’s stock after purchasing an additional 122,980 shares during the period. Man Group plc owned 0.16% of KBR worth $12,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KBR. Boston Partners grew its stake in KBR by 12,326.4% in the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock valued at $188,098,000 after purchasing an additional 3,216,323 shares during the last quarter. Norges Bank purchased a new position in KBR in the fourth quarter valued at about $104,033,000. Bank of New York Mellon Corp grew its stake in 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 last quarter. Wellington Management Group LLP grew its stake in shares of KBR by 240.2% during the fourth quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company’s stock worth $95,776,000 after acquiring an additional 1,167,282 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of KBR by 444.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company’s stock worth $72,268,000 after acquiring an additional 1,018,539 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Trading Up 0.5%

Shares of NYSE:KBR opened at $56.14 on Friday. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60. The company has a market capitalization of $7.28 billion, a PE ratio of 23.59, a PEG ratio of 0.86 and a beta of 0.83. The business has a 50 day moving average of $51.54 and a two-hundred day moving average of $55.52. 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 (NYSE:KBR) last posted its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.09 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. As a group, analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

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

Insider Buying and Selling

In related news, insider Gregory Sean Conlon sold 19,000 shares of the business’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 transaction of $961,210.00. Following the completion of the sale, the insider now directly owns 63,533 shares in the company, valued at approximately $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 can be accessed through the SEC website. 1.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KBR. KeyCorp boosted their price target on KBR from $59.00 to $63.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. Truist Financial decreased their target price on KBR from $70.00 to $60.00 and set a “buy” rating for the company in a report on Monday, April 14th. Citigroup decreased their target price on KBR from $77.00 to $69.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, The Goldman Sachs Group decreased their target price on KBR from $75.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, KBR has an average rating of “Moderate Buy” and an average price target of $68.86.

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.