Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in KBR, Inc. (NYSE:KBR)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of KBR, Inc. (NYSE:KBR) by 12.3% in the 4th quarter, HoldingsChannel reports. The firm owned 30,159 shares of the construction company’s stock after buying an additional 3,300 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in KBR were worth $1,671,000 as of its most recent filing with the Securities & Exchange Commission.

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

KBR Trading Up 0.3 %

NYSE KBR opened at $64.38 on Thursday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05. KBR, Inc. has a fifty-two week low of $49.37 and a fifty-two week high of $65.87. The stock has a market cap of $8.67 billion, a P/E ratio of -31.40, a price-to-earnings-growth ratio of 1.34 and a beta of 0.95. The stock has a 50 day simple moving average of $61.39 and a two-hundred day simple moving average of $56.87.

KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share for the quarter, meeting 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 business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts forecast that KBR, Inc. will post 3.19 earnings per share for the current year.

KBR Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KBR shares. Stifel Nicolaus lifted their price target on KBR from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday. KeyCorp raised their price objective 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. 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 research note on Tuesday, April 9th. StockNews.com upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Finally, UBS Group decreased their price target on shares of KBR from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KBR currently has a consensus rating of “Buy” and an average price target of $73.43.

Insiders Place Their Bets

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total transaction of $471,600.00. Following the transaction, the executive vice president now owns 38,524 shares in the company, valued at approximately $2,270,989.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.08% of the stock is currently owned by company insiders.

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.