Sequoia Financial Advisors LLC Acquires New Shares in KBR, Inc. (NYSE:KBR)

Sequoia Financial Advisors LLC acquired a new stake in shares of KBR, Inc. (NYSE:KBR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,994 shares of the construction company’s stock, valued at approximately $886,000.

Several other institutional investors also recently modified their holdings of KBR. Fred Alger Management LLC purchased a new stake in shares of KBR during the third quarter valued at $36,000. CWM LLC boosted its position in shares of KBR by 113.6% during the third quarter. CWM LLC now owns 814 shares of the construction company’s stock valued at $48,000 after buying an additional 433 shares during the last quarter. Belpointe Asset Management LLC boosted its position in shares of KBR by 35.5% during the first quarter. Belpointe Asset Management LLC now owns 871 shares of the construction company’s stock valued at $48,000 after buying an additional 228 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of KBR during the second quarter valued at $53,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of KBR during the fourth quarter valued at $64,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 target price (up from $78.00) on shares of KBR in a research report on Wednesday, March 13th. Truist Financial raised their target price on KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Citigroup raised their target price on KBR from $62.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. StockNews.com raised KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Finally, KeyCorp raised their target price on KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $72.29.

Insider Activity at KBR

In related news, EVP Jennifer Myles sold 8,000 shares of KBR stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total transaction of $471,600.00. Following the sale, the executive vice president now owns 38,524 shares of the company’s stock, valued at approximately $2,270,989.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.03% of the stock is owned by corporate insiders.

KBR Stock Down 1.5 %

NYSE KBR opened at $62.74 on Monday. The stock’s 50-day moving average price is $59.89 and its 200-day moving average price is $56.62. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $65.87. The company has a market capitalization of $8.45 billion, a P/E ratio of -30.60, a price-to-earnings-growth ratio of 1.33 and a beta of 0.95.

KBR (NYSE:KBR) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, hitting the consensus estimate of $0.69. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.78 billion. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. On average, equities research analysts predict that KBR, Inc. will post 3.2 earnings per share for the current year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.96%. The ex-dividend date is Thursday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.14. KBR’s dividend payout ratio (DPR) is -29.27%.

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.