KBR, Inc. (NYSE:KBR) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its stake in shares of KBR, Inc. (NYSE:KBR) by 5.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,951 shares of the construction company’s stock after selling 791 shares during the period. Public Employees Retirement Association of Colorado’s holdings in KBR were worth $808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of KBR. UMB Bank n.a. increased its stake 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 buying an additional 175 shares during the period. First Horizon Advisors Inc. bought a new stake in KBR during the fourth quarter worth approximately $32,000. Wilmington Savings Fund Society FSB acquired a new stake in KBR in the fourth quarter worth approximately $68,000. Venturi Wealth Management LLC boosted its stake in 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 purchasing an additional 1,339 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of KBR during the 4th quarter valued at $104,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

Wall Street Analyst Weigh In

KBR has been the subject of several research analyst reports. Truist Financial cut their price objective on KBR from $70.00 to $60.00 and set a “buy” rating for the company in a report on Monday, April 14th. KeyCorp cut their price target on shares of KBR from $67.00 to $59.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. 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 report on Friday, April 25th. The Goldman Sachs Group reduced their target price 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. Finally, TD Cowen decreased their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, KBR currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.25.

Insider Transactions at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of KBR 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 completion of the sale, the insider now owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. This trade 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 accessible through the SEC website. 1.11% of the stock is owned by insiders.

KBR Stock Down 0.5 %

KBR stock opened at $52.55 on Friday. The company’s 50 day simple moving average is $50.41 and its 200-day simple moving average is $56.65. KBR, Inc. has a 52-week low of $43.89 and a 52-week high of $72.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $6.82 billion, a P/E ratio of 22.08, a P/E/G ratio of 0.86 and a beta of 0.73.

KBR (NYSE:KBR) last released its earnings results 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 return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. As a group, equities research analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.26%. 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. KBR’s dividend payout ratio is 23.57%.

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.