Wellington Management Group LLP Decreases Holdings in KBR, Inc. (NYSE:KBR)

Wellington Management Group LLP reduced its stake in KBR, Inc. (NYSE:KBR) by 51.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 288,348 shares of the construction company’s stock after selling 309,064 shares during the quarter. Wellington Management Group LLP owned 0.21% of KBR worth $15,977,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in KBR. Congress Asset Management Co. MA increased its position in KBR by 31.8% in the fourth quarter. Congress Asset Management Co. MA now owns 97,441 shares of the construction company’s stock worth $5,399,000 after buying an additional 23,534 shares during the last quarter. Sierra Summit Advisors LLC purchased a new stake in KBR in the 4th quarter worth about $429,000. Onex Canada Asset Management Inc. bought a new stake in KBR in the 4th quarter valued at about $11,742,000. Prelude Capital Management LLC lifted its holdings in KBR by 3.1% during the fourth quarter. Prelude Capital Management LLC now owns 83,488 shares of the construction company’s stock valued at $4,626,000 after purchasing an additional 2,475 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in KBR during the fourth quarter worth about $11,065,000. Institutional investors own 97.02% of the company’s stock.

Insiders Place Their Bets

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

KBR Trading Down 0.9 %

Shares of KBR opened at $63.80 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.10. KBR, Inc. has a 1-year low of $49.37 and a 1-year high of $68.68. The company has a market capitalization of $8.57 billion, a P/E ratio of -33.23, a P/E/G ratio of 1.34 and a beta of 0.93. The firm’s 50 day simple moving average is $64.95 and its 200 day simple moving average is $60.04.

KBR (NYSE:KBR) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 EPS. Sell-side analysts forecast that KBR, Inc. will post 3.21 earnings per share for the current fiscal year.

KBR Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KBR. Truist Financial upped their price target 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. DA Davidson reiterated a “buy” rating and issued a $78.00 price target on shares of KBR in a research report on Tuesday. UBS Group increased their price objective on KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Stifel Nicolaus lifted their target price on KBR from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, Citigroup increased their price target on shares of KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, KBR has a consensus rating of “Buy” and a consensus price target of $76.00.

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.