KBR, Inc. (NYSE:KBR) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in shares of KBR, Inc. (NYSE:KBR – Get Rating) by 122.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 362,949 shares of the construction company’s stock after purchasing an additional 199,938 shares during the quarter. Victory Capital Management Inc. owned about 0.26% of KBR worth $19,088,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Belpointe Asset Management LLC acquired a new position in KBR during the 4th quarter valued at approximately $34,000. Fred Alger Management LLC acquired a new position in KBR during the 3rd quarter valued at approximately $36,000. WFA of San Diego LLC acquired a new position in KBR during the 4th quarter valued at approximately $53,000. Atlas Capital Advisors LLC acquired a new position in KBR during the 2nd quarter valued at approximately $53,000. Finally, Ronald Blue Trust Inc. increased its stake in KBR by 25.9% during the 4th quarter. Ronald Blue Trust Inc. now owns 1,932 shares of the construction company’s stock valued at $83,000 after purchasing an additional 398 shares in the last quarter.

KBR Stock Performance

Shares of NYSE KBR opened at $58.92 on Tuesday. The company’s fifty day moving average price is $56.07 and its 200 day moving average price is $53.36. KBR, Inc. has a 1 year low of $41.96 and a 1 year high of $59.99. The company has a market capitalization of $8.00 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.99 and a current ratio of 0.99.

KBR (NYSE:KBR – Get Rating) last announced its quarterly earnings results on Monday, May 1st. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. KBR had a net margin of 5.30% and a return on equity of 26.13%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm posted $0.62 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts predict that KBR, Inc. will post 2.89 earnings per share for the current year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, June 14th. KBR’s payout ratio is 23.68%.

Analyst Ratings Changes

Several analysts have recently commented on KBR shares. Citigroup upped their price objective on shares of KBR from $60.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 17th. Cowen upped their price objective on shares of KBR from $56.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, February 23rd. DA Davidson upped their price objective on shares of KBR from $60.00 to $70.00 in a report on Tuesday, February 21st. Finally, StockNews.com started coverage on shares of KBR in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, KBR has an average rating of “Buy” and an average price target of $66.33.

Insider Buying and Selling at KBR

In other KBR news, Director Lester L. Lyles sold 17,000 shares of the stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $54.81, for a total transaction of $931,770.00. Following the transaction, the director now directly owns 60,462 shares of the company’s stock, valued at $3,313,922.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other KBR news, CEO Stuart Bradie sold 2,387 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $59.51, for a total transaction of $142,050.37. Following the transaction, the chief executive officer now directly owns 669,639 shares of the company’s stock, valued at $39,850,216.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lester L. Lyles sold 17,000 shares of the stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $54.81, for a total transaction of $931,770.00. Following the transaction, the director now directly owns 60,462 shares in the company, valued at $3,313,922.22. The disclosure for this sale can be found here. Insiders own 1.03% of the company’s stock.

KBR Profile

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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.