Sumitomo Mitsui Trust Holdings Inc. Sells 1,711,211 Shares of KBR, Inc. (NYSE:KBR)

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in KBR, Inc. (NYSE:KBR) by 95.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,986 shares of the construction company’s stock after selling 1,711,211 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in KBR were worth $4,875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. UBS Group AG grew its holdings in shares of KBR by 14.6% in the third quarter. UBS Group AG now owns 427,656 shares of the construction company’s stock worth $25,206,000 after acquiring an additional 54,623 shares during the period. Custom Index Systems LLC bought a new stake in shares of KBR in the fourth quarter worth $275,000. Strs Ohio grew its holdings in shares of KBR by 212.1% in the third quarter. Strs Ohio now owns 89,524 shares of the construction company’s stock worth $5,276,000 after acquiring an additional 60,840 shares during the period. AXQ Capital LP grew its holdings in shares of KBR by 687.1% in the third quarter. AXQ Capital LP now owns 24,400 shares of the construction company’s stock worth $1,438,000 after acquiring an additional 21,300 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in shares of KBR by 169.8% in the third quarter. Hsbc Holdings PLC now owns 196,991 shares of the construction company’s stock worth $11,634,000 after acquiring an additional 123,966 shares during the period. Institutional investors own 97.02% of the company’s stock.

Insider Activity at KBR

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the business’s 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 sale, the executive vice president now owns 38,524 shares in the company, valued at approximately $2,270,989.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.08% of the stock is currently owned by corporate insiders.

KBR Price Performance

Shares of KBR stock opened at $64.20 on Wednesday. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of -31.32, a PEG ratio of 1.33 and a beta of 0.95. 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 stock’s 50-day simple moving average is $61.18 and its 200-day simple moving average is $56.81. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $65.87.

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. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the firm earned $0.69 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, analysts expect that KBR, Inc. will post 3.19 earnings per share for the current fiscal year.

KBR Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given a dividend of $0.15 per share. This is a positive change from KBR’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. KBR’s dividend payout ratio is currently -29.27%.

Analysts Set New Price Targets

Several analysts recently commented on KBR shares. UBS Group cut their price objective on KBR from $65.00 to $63.00 and set a “buy” rating for the company in a report on Friday, February 2nd. StockNews.com upgraded KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Citigroup upped their price target on KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday. KeyCorp raised their price objective on KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. Finally, Truist Financial increased their target price on shares of KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $73.43.

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.