Louisiana State Employees Retirement System Purchases New Position in KBR, Inc. (NYSE:KBR)

Louisiana State Employees Retirement System purchased a new stake in KBR, Inc. (NYSE:KBR) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 37,900 shares of the construction company’s stock, valued at approximately $2,100,000.

Several other large investors have also recently added to or reduced their stakes in KBR. Fred Alger Management LLC acquired a new stake in KBR in the 3rd quarter valued at $36,000. CWM LLC increased its holdings in KBR by 113.6% in the 3rd quarter. CWM LLC now owns 814 shares of the construction company’s stock valued at $48,000 after purchasing an additional 433 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in KBR by 35.5% in the 1st 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 in the last quarter. Atlas Capital Advisors LLC acquired a new stake in KBR in the 2nd quarter valued at $53,000. Finally, International Assets Investment Management LLC acquired a new stake in KBR in the 4th quarter valued at $64,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Price Performance

NYSE:KBR opened at $62.20 on Thursday. KBR, Inc. has a one year low of $49.37 and a one year high of $65.87. The stock has a 50-day simple moving average of $60.43 and a 200 day simple moving average of $56.69. 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 (NYSE:KBR) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. The business had revenue of $1.73 billion during 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 company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.69 earnings per share. Sell-side analysts forecast that KBR, Inc. will post 3.2 EPS for the current year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a $0.15 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. This is a boost from KBR’s previous quarterly dividend of $0.14. KBR’s dividend payout ratio (DPR) is currently -29.27%.

Insiders Place Their Bets

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the firm’s stock in a transaction dated 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 owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KBR. KeyCorp raised their target price on KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Citigroup raised their target price on KBR from $62.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, January 26th. UBS Group lowered their target price on KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. 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, Truist Financial raised their target price on KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $72.29.

KBR Company 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.