DekaBank Deutsche Girozentrale Lowers Stock Position in KBR, Inc. (NYSE:KBR)

DekaBank Deutsche Girozentrale lessened its stake in shares of KBR, Inc. (NYSE:KBR) by 63.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 787 shares of the construction company’s stock after selling 1,378 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in KBR were worth $43,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

KBR has been the subject of several recent research reports. Truist Financial raised their price objective on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. UBS Group decreased their price target on shares of KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. StockNews.com upgraded shares of KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. KeyCorp lifted their price target 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. Finally, Citigroup lifted their price target on shares of KBR from $62.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KBR presently has an average rating of “Buy” and a consensus target price of $72.29.

Insider Activity

In other news, EVP Jennifer Myles sold 8,000 shares of KBR stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total value of $471,600.00. Following the transaction, the executive vice president now directly 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 is accessible through this hyperlink. Corporate insiders own 1.08% of the company’s stock.

KBR Stock Up 0.4 %

KBR stock opened at $62.20 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.29. KBR, Inc. has a twelve month low of $49.37 and a twelve month high of $65.87. The company’s 50 day moving average is $60.43 and its two-hundred day moving average is $56.69. The stock has a market cap of $8.38 billion, a P/E ratio of -30.34, a PEG ratio of 1.30 and a beta of 0.95.

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

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. This is a boost from KBR’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 14th. KBR’s payout ratio is presently -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.