KBR, Inc. (NYSE:KBR) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its stake in KBR, Inc. (NYSE:KBR) by 34.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 39,053 shares of the construction company’s stock after selling 20,511 shares during the quarter. Raymond James & Associates’ holdings in KBR were worth $2,164,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Fred Alger Management LLC purchased a new stake in KBR during the third quarter worth about $36,000. CWM LLC increased its stake in KBR by 113.6% during the third quarter. CWM LLC now owns 814 shares of the construction company’s stock worth $48,000 after purchasing an additional 433 shares during the period. Belpointe Asset Management LLC increased its stake in KBR by 35.5% during the first quarter. Belpointe Asset Management LLC now owns 871 shares of the construction company’s stock worth $48,000 after purchasing an additional 228 shares during the period. Atlas Capital Advisors LLC purchased a new stake in KBR during the second quarter worth about $53,000. Finally, Ronald Blue Trust Inc. increased its stake in KBR by 91.4% during the third quarter. Ronald Blue Trust Inc. now owns 1,064 shares of the construction company’s stock worth $69,000 after purchasing an additional 508 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KBR. StockNews.com upgraded shares of KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. UBS Group cut their target price on shares of KBR from $65.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Truist Financial upped their target price on shares of KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Stifel Nicolaus restated a “buy” rating and set a $80.00 target price (up from $78.00) on shares of KBR in a research note on Wednesday, March 13th. Finally, KeyCorp upped their target price on shares of KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $72.29.

Insider Buying and Selling at KBR

In other news, EVP Jennifer Myles sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of the sale, the executive vice president now directly owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.08% of the stock is currently owned by insiders.

KBR Stock Performance

Shares of KBR stock opened at $61.98 on Wednesday. The firm has a market capitalization of $8.35 billion, a P/E ratio of -30.23, a P/E/G ratio of 1.33 and a beta of 0.95. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $65.87. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29. The firm’s 50 day moving average is $60.26 and its two-hundred day moving average is $56.65.

KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, meeting the consensus estimate of $0.69. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.78 billion. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. Research analysts forecast that KBR, Inc. will post 3.2 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were paid a $0.15 dividend. This is a positive change from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.97%. The ex-dividend date was Thursday, March 14th. KBR’s dividend payout ratio is currently -29.27%.

KBR Profile

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.