ING Groep NV bought a new position in shares of KBR, Inc. (NYSE:KBR – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,500 shares of the construction company’s stock, valued at approximately $945,000.
A number of other institutional investors have also made changes to their positions in the business. Public Employees Retirement System of Ohio grew its holdings in KBR by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 40,133 shares of the construction company’s stock valued at $1,898,000 after buying an additional 249 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of KBR by 6.4% during the third quarter. Jones Financial Companies Lllp now owns 4,785 shares of the construction company’s stock worth $227,000 after buying an additional 289 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of KBR by 89.8% in the fourth quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock valued at $25,000 after acquiring an additional 289 shares during the period. Truist Financial Corp boosted its stake in shares of KBR by 1.9% in the fourth quarter. Truist Financial Corp now owns 17,342 shares of the construction company’s stock valued at $697,000 after buying an additional 317 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of KBR by 27.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,561 shares of the construction company’s stock valued at $74,000 after acquiring an additional 333 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.
KBR Trading Down 2.9%
KBR opened at $34.31 on Thursday. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.16 and a quick ratio of 1.16. KBR, Inc. has a fifty-two week low of $29.94 and a fifty-two week high of $54.38. The company’s 50 day moving average price is $35.10 and its two-hundred day moving average price is $39.18. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 2.11 and a beta of 0.44.
KBR Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 15th. KBR’s payout ratio is 21.09%.
Insider Buying and Selling
In other KBR news, Director Thaer Lewis Von acquired 3,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $30.77 per share, with a total value of $92,310.00. Following the purchase, the director directly owned 10,358 shares of the company’s stock, valued at $318,715.66. This trade represents a 40.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Shad E. Evans bought 8,375 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of $30.60 per share, with a total value of $256,275.00. Following the purchase, the chief financial officer directly owned 43,725 shares of the company’s stock, valued at $1,337,985. This trade represents a 23.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 29,875 shares of company stock worth $945,160. Corporate insiders own 1.15% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Weiss Ratings lowered KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. Wall Street Zen downgraded shares of KBR from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Zacks Research upgraded KBR from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Citigroup reduced their price objective on KBR from $53.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company lowered their target price on KBR from $45.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $53.25.
View Our Latest Stock Report on KBR
KBR 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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