Congress Asset Management Co. MA Acquires 23,534 Shares of KBR, Inc. (NYSE:KBR)

Congress Asset Management Co. MA increased its holdings in shares of KBR, Inc. (NYSE:KBR) by 31.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 97,441 shares of the construction company’s stock after purchasing an additional 23,534 shares during the period. Congress Asset Management Co. MA owned 0.07% of KBR worth $5,399,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. RK Capital Management LLC increased its holdings in shares of KBR by 37.4% in the 4th quarter. RK Capital Management LLC now owns 258,127 shares of the construction company’s stock valued at $14,303,000 after acquiring an additional 70,327 shares during the period. CenterBook Partners LP raised its holdings in KBR by 341.8% in the fourth quarter. CenterBook Partners LP now owns 51,347 shares of the construction company’s stock worth $2,845,000 after purchasing an additional 39,726 shares in the last quarter. Jennison Associates LLC lifted its position in shares of KBR by 7.0% during the fourth quarter. Jennison Associates LLC now owns 1,526,058 shares of the construction company’s stock valued at $84,559,000 after buying an additional 99,196 shares during the last quarter. UBS Group AG boosted its holdings in shares of KBR by 14.6% in the 3rd quarter. UBS Group AG now owns 427,656 shares of the construction company’s stock valued at $25,206,000 after buying an additional 54,623 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of KBR by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 829,822 shares of the construction company’s stock worth $45,980,000 after buying an additional 18,097 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KBR has been the subject of a number of analyst reports. Truist Financial increased their target price on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. DA Davidson raised their price objective on KBR from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Stifel Nicolaus upped their target price on KBR from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. KeyCorp raised their price target on KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Finally, Citigroup upped their price objective on shares of KBR from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $76.00.

Insider Transactions at KBR

In other KBR news, EVP Sonia Galindo sold 4,660 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $66.00, for a total value of $307,560.00. Following the completion of the transaction, the executive vice president now directly owns 21,409 shares of the company’s stock, valued at $1,412,994. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.08% of the company’s stock.

KBR Trading Down 0.8 %

Shares of NYSE KBR opened at $63.32 on Monday. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $68.68. The business’s 50 day moving average price is $64.79 and its 200 day moving average price is $59.38. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.30.

KBR (NYSE:KBR) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the firm earned $0.67 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts predict that KBR, Inc. will post 3.21 EPS for the current fiscal year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.60 annualized dividend and a dividend yield of 0.95%. KBR’s dividend payout ratio (DPR) is presently -31.25%.

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.