Xponance Inc. Sells 627 Shares of KBR, Inc. (NYSE:KBR)

Xponance Inc. lessened its holdings in KBR, Inc. (NYSE:KBR) by 2.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 20,943 shares of the construction company’s stock after selling 627 shares during the period. Xponance Inc.’s holdings in KBR were worth $1,160,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. UBS Group AG raised its holdings in KBR by 14.6% in the 3rd quarter. UBS Group AG now owns 427,656 shares of the construction company’s stock valued at $25,206,000 after buying an additional 54,623 shares during the last quarter. Custom Index Systems LLC bought a new position in KBR in the 4th quarter valued at approximately $275,000. Strs Ohio raised its holdings in KBR by 212.1% in the 3rd quarter. Strs Ohio now owns 89,524 shares of the construction company’s stock valued at $5,276,000 after buying an additional 60,840 shares during the last quarter. AXQ Capital LP raised its holdings in KBR by 687.1% in the 3rd quarter. AXQ Capital LP now owns 24,400 shares of the construction company’s stock valued at $1,438,000 after buying an additional 21,300 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in KBR in the 4th quarter valued at approximately $2,100,000. Institutional investors own 97.02% of the company’s stock.

KBR Stock Performance

Shares of KBR stock opened at $64.38 on Thursday. The company has a market cap of $8.67 billion, a price-to-earnings ratio of -31.40, a price-to-earnings-growth ratio of 1.34 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 has a 50 day moving average of $61.39 and a 200-day moving average of $56.87.

KBR (NYSE:KBR) last announced its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the firm posted $0.69 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts forecast that KBR, Inc. will post 3.19 earnings per share for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.60 annualized dividend and a yield of 0.93%. This is an increase from KBR’s previous quarterly dividend of $0.14. KBR’s dividend payout ratio (DPR) is presently -29.27%.

Insider Activity at KBR

In related 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 completion of the sale, the executive vice president now owns 38,524 shares of the company’s stock, valued at approximately $2,270,989.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.08% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KBR has been the subject of a number of recent analyst reports. StockNews.com raised shares of KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Citigroup increased their target price on shares of KBR from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Monday. Truist Financial increased their target price on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Stifel Nicolaus increased their target price on shares of KBR from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, KeyCorp increased their target price on shares of KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $73.43.

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.