American International Group Inc. Sells 7,752 Shares of KBR, Inc. (NYSE:KBR)

American International Group Inc. reduced its position in shares of KBR, Inc. (NYSE:KBR) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 182,774 shares of the construction company’s stock after selling 7,752 shares during the quarter. American International Group Inc. owned 0.14% of KBR worth $10,128,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in 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 worth $14,303,000 after purchasing an additional 70,327 shares in the last quarter. CenterBook Partners LP boosted its holdings in shares of KBR by 341.8% during the 4th quarter. CenterBook Partners LP now owns 51,347 shares of the construction company’s stock valued at $2,845,000 after acquiring an additional 39,726 shares during the last quarter. Jennison Associates LLC raised its holdings 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 purchasing an additional 99,196 shares during the last quarter. Onex Canada Asset Management Inc. purchased a new stake in KBR in the fourth quarter worth approximately $11,742,000. Finally, Charles Schwab Investment Management Inc. raised its stake in KBR by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 829,822 shares of the construction company’s stock valued at $45,980,000 after buying an additional 18,097 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Wall Street Analyst Weigh In

KBR has been the subject of a number of recent research reports. Truist Financial boosted their price target on KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. KeyCorp boosted their price objective on KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. DA Davidson raised their price objective on shares of KBR from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. StockNews.com upgraded KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Finally, Stifel Nicolaus raised their target price on shares of KBR from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $76.00.

Insider Buying and Selling at KBR

In other KBR news, EVP Sonia Galindo sold 4,660 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $66.00, for a total transaction of $307,560.00. Following the sale, the executive vice president now owns 21,409 shares in the company, valued at approximately $1,412,994. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.08% of the stock is currently owned by company insiders.

KBR Price Performance

KBR opened at $63.73 on Tuesday. KBR, Inc. has a 1 year low of $49.37 and a 1 year high of $68.68. The firm has a market capitalization of $8.56 billion, a PE ratio of -33.21, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.10. The business’s 50-day moving average is $64.79 and its two-hundred day moving average is $59.43.

KBR (NYSE:KBR) last posted its earnings results on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. KBR’s revenue for the quarter was up 6.8% compared to the same quarter last year. Research analysts anticipate that KBR, Inc. will post 3.21 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Monday, June 17th. KBR’s dividend payout ratio (DPR) is presently -31.25%.

KBR 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.