Inceptionr LLC acquired a new position in shares of KBR, Inc. (NYSE:KBR – Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 16,671 shares of the construction company’s stock, valued at approximately $614,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of KBR by 89.8% in the 4th quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock valued at $25,000 after buying an additional 289 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in KBR by 432.5% in the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after acquiring an additional 493 shares in the last quarter. Anchor Investment Management LLC grew its holdings in KBR by 27.5% in the first quarter. Anchor Investment Management LLC now owns 1,275 shares of the construction company’s stock worth $47,000 after purchasing an additional 275 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in KBR by 101,600.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,017 shares of the construction company’s stock worth $48,000 after purchasing an additional 1,016 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of KBR during the 4th quarter valued at $51,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.
KBR Price Performance
Shares of NYSE KBR opened at $36.93 on Friday. KBR, Inc. has a 52 week low of $29.94 and a 52 week high of $52.23. The business’s 50 day moving average price is $34.69 and its 200 day moving average price is $37.68. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.59. The firm has a market cap of $4.68 billion, a P/E ratio of 11.80, a P/E/G ratio of 2.00 and a beta of 0.44.
KBR Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, June 15th. KBR’s payout ratio is currently 21.09%.
Analysts Set New Price Targets
Several research analysts recently weighed in on KBR shares. Zacks Research upgraded KBR from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Bank of America cut their price objective on shares of KBR from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Citigroup decreased their price objective on shares of KBR from $53.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Wells Fargo & Company lowered their target price on shares of KBR from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, April 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of KBR in a research report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $52.62.
View Our Latest Analysis on KBR
Insiders Place Their Bets
In related news, Director Thaer Lewis Von acquired 3,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average cost of $30.77 per share, with a total value of $92,310.00. Following the completion of the acquisition, the director directly owned 10,358 shares in the company, valued at approximately $318,715.66. This trade represents a 40.77% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Carlos A. Sabater bought 14,500 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were bought at an average cost of $32.47 per share, with a total value of $470,815.00. Following the purchase, the director directly owned 35,705 shares of the company’s stock, valued at approximately $1,159,341.35. This represents a 68.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 29,875 shares of company stock worth $945,160. 1.15% of the stock is owned by company insiders.
KBR Company Profile
KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.
The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.
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