Federated Hermes Inc. Sells 6,563 Shares of KBR, Inc. (NYSE:KBR)

Federated Hermes Inc. lessened its position in KBR, Inc. (NYSE:KBR) by 23.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 21,897 shares of the construction company’s stock after selling 6,563 shares during the period. Federated Hermes Inc.’s holdings in KBR were worth $1,404,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of KBR. RK Capital Management LLC grew its position in 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 purchasing an additional 70,327 shares during the period. CenterBook Partners LP lifted its stake in shares of KBR by 341.8% in the fourth quarter. CenterBook Partners LP now owns 51,347 shares of the construction company’s stock valued at $2,845,000 after buying an additional 39,726 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of KBR by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock valued at $722,823,000 after buying an additional 52,679 shares during the last quarter. Norden Group LLC increased its position in shares of KBR by 1,030.1% during the first quarter. Norden Group LLC now owns 74,200 shares of the construction company’s stock worth $4,723,000 after acquiring an additional 67,634 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new stake in shares of KBR in the 1st quarter worth about $868,000. Institutional investors own 97.02% of the company’s stock.

Insider Buying and Selling at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the transaction, the insider now owns 106,550 shares in the company, valued at approximately $7,091,968. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KBR. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a report on Friday, September 6th. DA Davidson reissued a “buy” rating and issued a $78.00 price target on shares of KBR in a research report on Tuesday, June 25th. Finally, StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, KBR presently has an average rating of “Moderate Buy” and a consensus target price of $75.50.

KBR Trading Down 0.0 %

NYSE KBR opened at $63.55 on Friday. The business’s fifty day moving average is $65.47 and its 200-day moving average is $64.43. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of -33.10, a PEG ratio of 1.25 and a beta of 0.90. KBR, Inc. has a one year low of $49.37 and a one year high of $69.50.

KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.79 by $0.04. KBR had a net margin of 2.77% and a return on equity of 27.92%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. Equities research analysts predict that KBR, Inc. will post 3.25 EPS for the current year.

KBR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Monday, September 16th. KBR’s dividend payout ratio is currently -31.25%.

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.