First Trust Advisors LP Boosts Holdings in KBR, Inc. (NYSE:KBR)

First Trust Advisors LP boosted its position in KBR, Inc. (NYSE:KBR – Get Rating) by 612.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 401,588 shares of the construction company’s stock after buying an additional 345,191 shares during the period. First Trust Advisors LP owned approximately 0.29% of KBR worth $17,356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KBR. Atlas Capital Advisors LLC purchased a new position in KBR in the 2nd quarter valued at $53,000. Ronald Blue Trust Inc. lifted its holdings in KBR by 394.8% in the third quarter. Ronald Blue Trust Inc. now owns 1,534 shares of the construction company’s stock valued at $74,000 after acquiring an additional 1,224 shares during the period. Wipfli Financial Advisors LLC acquired a new stake in KBR in the third quarter valued at $78,000. IFP Advisors Inc lifted its holdings in KBR by 21.5% in the third quarter. IFP Advisors Inc now owns 5,354 shares of the construction company’s stock valued at $103,000 after acquiring an additional 949 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in KBR by 103.0% in the first quarter. Canada Pension Plan Investment Board now owns 1,920 shares of the construction company’s stock valued at $105,000 after acquiring an additional 974 shares during the period.

KBR Trading Down 0.8 %

KBR stock opened at $54.15 on Friday. The stock has a market cap of $7.40 billion, a PE ratio of 44.75, a P/E/G ratio of 1.37 and a beta of 1.13. The stock has a 50-day moving average price of $52.28 and a 200 day moving average price of $50.25. KBR, Inc. has a 52 week low of $41.96 and a 52 week high of $58.00. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84.

KBR (NYSE:KBR – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The construction company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.64 billion. KBR had a return on equity of 25.46% and a net margin of 2.89%. The firm’s quarterly revenue was down 35.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. Equities research analysts predict that KBR, Inc. will post 2.86 earnings per share for the current fiscal year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Wednesday, March 15th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Tuesday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.12. KBR’s dividend payout ratio (DPR) is currently 39.67%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Truist Financial raised their target price on KBR from $64.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, December 21st. Citigroup raised their target price on KBR from $60.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 17th. Cowen lifted their price target on KBR from $56.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, February 23rd. StockNews.com downgraded KBR from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, DA Davidson lifted their price target on KBR from $60.00 to $70.00 in a research note on Tuesday, February 21st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.29.

Insider Buying and Selling

In related news, EVP Jennifer Myles sold 4,714 shares of KBR stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $54.49, for a total transaction of $256,865.86. Following the completion of the sale, the executive vice president now owns 69,902 shares in the company, valued at approximately $3,808,959.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.91% of the stock is currently owned by company insiders.

About KBR

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KBR, Inc engages in the provision of differentiated professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. It operates through the following segments: Government Solutions, Technology Solutions, Energy Solutions, Non-strategic Business, and Other.