KBR, Inc. (NYSE:KBR) Position Cut by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its stake in KBR, Inc. (NYSE:KBR) by 5.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 58,352 shares of the construction company’s stock after selling 3,159 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in KBR were worth $3,233,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in KBR. Pathstone Family Office LLC bought a new stake in KBR in the third quarter valued at $257,000. DekaBank Deutsche Girozentrale bought a new stake in shares of KBR during the third quarter valued at about $128,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of KBR during the third quarter valued at about $224,000. Envestnet Asset Management Inc. raised its stake in shares of KBR by 60.5% during the third quarter. Envestnet Asset Management Inc. now owns 121,848 shares of the construction company’s stock valued at $7,182,000 after purchasing an additional 45,921 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of KBR by 169.8% during the third quarter. Hsbc Holdings PLC now owns 196,991 shares of the construction company’s stock valued at $11,634,000 after purchasing an additional 123,966 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors.

KBR Trading Up 0.4 %

Shares of KBR opened at $64.06 on Wednesday. The business’s 50-day moving average price is $64.78 and its 200 day moving average price is $59.52. The stock has a market capitalization of $8.60 billion, a P/E ratio of -33.36, a P/E/G ratio of 1.32 and a beta of 0.93. KBR, Inc. has a 1-year low of $49.37 and a 1-year high of $68.68. 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 issued its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. KBR’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. Analysts expect that KBR, Inc. will post 3.21 earnings per share for the current year.

KBR Announces Dividend

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

Insider Buying and Selling at KBR

In other KBR news, EVP Sonia Galindo sold 4,660 shares of KBR 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 transaction, the executive vice president now owns 21,409 shares of the company’s stock, valued at approximately $1,412,994. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KBR shares. StockNews.com upgraded shares of KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Truist Financial lifted their price objective on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. UBS Group boosted their price target on shares of KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Stifel Nicolaus boosted their price target on shares of KBR from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, Citigroup boosted their price target on shares of KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $76.00.

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.