KBR, Inc. (NYSE:KBR) Stock Position Raised by Royce & Associates LP

Royce & Associates LP raised its position in shares of KBR, Inc. (NYSE:KBR) by 0.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 631,415 shares of the construction company’s stock after purchasing an additional 661 shares during the period. Royce & Associates LP’s holdings in KBR were worth $31,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Utah Retirement Systems raised its stake in shares of KBR by 2.9% during the 4th quarter. Utah Retirement Systems now owns 7,200 shares of the construction company’s stock worth $417,000 after purchasing an additional 200 shares in the last quarter. Cetera Trust Company N.A raised its stake in shares of KBR by 5.6% during the 1st quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company’s stock worth $188,000 after purchasing an additional 200 shares in the last quarter. KBC Group NV raised its stake in shares of KBR by 4.8% during the 1st quarter. KBC Group NV now owns 5,703 shares of the construction company’s stock worth $284,000 after purchasing an additional 260 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of KBR by 25.2% during the 1st quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company’s stock worth $68,000 after purchasing an additional 275 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of KBR by 0.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 37,300 shares of the construction company’s stock worth $1,858,000 after purchasing an additional 300 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Stuart Bradie sold 20,000 shares of KBR stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the sale, the chief executive officer owned 802,361 shares of the company’s stock, valued at approximately $42,372,684.41. This trade represents a 2.43% decrease in their position. 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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wall Street Zen downgraded KBR from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 7th. KeyCorp downgraded KBR from an “overweight” rating to a “sector weight” rating in a research note on Monday, June 23rd. 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. Citigroup cut their price objective on KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, UBS Group downgraded KBR from a “buy” rating to a “neutral” rating and cut their price objective for the company from $66.00 to $54.00 in a research note on Wednesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, KBR has a consensus rating of “Moderate Buy” and an average target price of $64.14.

KBR Stock Performance

NYSE KBR traded down $0.63 during trading on Thursday, hitting $46.91. The company’s stock had a trading volume of 98,163 shares, compared to its average volume of 1,516,370. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.89. The firm has a 50 day moving average price of $50.41 and a 200 day moving average price of $51.89. The firm has a market cap of $6.09 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 0.90 and a beta of 0.74. KBR, Inc. has a 52 week low of $43.89 and a 52 week high of $72.60.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.88 by $0.10. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.09 billion. KBR had a return on equity of 32.55% and a net margin of 4.99%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 EPS. Equities research analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.41%. The ex-dividend date was Friday, June 13th. KBR’s dividend payout ratio is currently 22.07%.

About KBR

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.