Daiwa Securities Group Inc. Purchases 260 Shares of KBR, Inc. (NYSE:KBR)

Daiwa Securities Group Inc. grew its position in KBR, Inc. (NYSE:KBR) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,303 shares of the construction company’s stock after buying an additional 260 shares during the quarter. Daiwa Securities Group Inc.’s holdings in KBR were worth $1,125,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC raised its position in shares of 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 buying an additional 433 shares in the last quarter. International Assets Investment Management LLC acquired a new position in KBR during the 4th quarter worth approximately $64,000. Anchor Investment Management LLC acquired a new position in KBR during the 4th quarter worth approximately $69,000. Arlington Trust Co LLC acquired a new position in KBR during the 4th quarter worth approximately $94,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in KBR during the 3rd quarter worth approximately $128,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. StockNews.com raised shares of KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Truist Financial boosted 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. KeyCorp boosted their target price on shares of KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Stifel Nicolaus boosted their target price on shares of KBR from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Citigroup upped their price objective on shares of KBR from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Monday. 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 a consensus target price of $73.43.

KBR Stock Up 0.3 %

KBR stock opened at $64.38 on Thursday. 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 fifty day moving average is $61.39 and its 200 day moving average is $56.87. KBR, Inc. has a 12-month low of $49.37 and a 12-month high of $65.87. The company has a market capitalization of $8.67 billion, a PE ratio of -31.40, a PEG ratio of 1.34 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 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 negative net margin of 3.81% and a positive return on equity of 25.08%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share. As a group, sell-side analysts predict that KBR, Inc. will post 3.19 EPS for the current fiscal year.

KBR Increases Dividend

The company 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. The ex-dividend date was Thursday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. This is an increase from KBR’s previous quarterly dividend of $0.14. KBR’s dividend payout ratio is currently -29.27%.

Insider Activity

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

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.