Federated Hermes Inc. Purchases 7,146 Shares of KBR, Inc. (NYSE:KBR)

Federated Hermes Inc. boosted its position in shares of KBR, Inc. (NYSE:KBR) by 30.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 30,686 shares of the construction company’s stock after acquiring an additional 7,146 shares during the quarter. Federated Hermes Inc.’s holdings in KBR were worth $1,700,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC boosted its stake in shares of KBR by 1,313.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 463,087 shares of the construction company’s stock valued at $27,294,000 after purchasing an additional 430,318 shares during the period. Qube Research & Technologies Ltd boosted its position in KBR by 344.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 545,554 shares of the construction company’s stock valued at $32,155,000 after buying an additional 422,856 shares during the period. Jennison Associates LLC boosted its position in KBR by 29.9% in the 3rd quarter. Jennison Associates LLC now owns 1,426,862 shares of the construction company’s stock valued at $84,099,000 after buying an additional 328,009 shares during the period. PointState Capital LP grew its stake in KBR by 34.0% in the 3rd quarter. PointState Capital LP now owns 708,487 shares of the construction company’s stock worth $41,758,000 after acquiring an additional 179,831 shares in the last quarter. Finally, Atika Capital Management LLC increased its position in shares of KBR by 277.0% during the third quarter. Atika Capital Management LLC now owns 230,000 shares of the construction company’s stock worth $13,556,000 after acquiring an additional 169,000 shares during the period. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Trading Up 1.0 %

Shares of NYSE KBR opened at $65.98 on Tuesday. The business has a fifty day moving average price of $62.01 and a 200 day moving average price of $56.92. KBR, Inc. has a 1-year low of $49.37 and a 1-year high of $66.20. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $8.88 billion, a P/E ratio of -32.19, a price-to-earnings-growth ratio of 1.38 and a beta of 0.95.

KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 EPS 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 during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts expect that KBR, Inc. will post 3.19 EPS for the current fiscal year.

KBR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a $0.15 dividend. This is a positive change from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 14th. KBR’s payout ratio is currently -29.27%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Citigroup increased their price objective on KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. StockNews.com raised KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Stifel Nicolaus lifted their price objective on KBR from $80.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. KeyCorp upped their price objective on shares of 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 raised 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. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $73.43.

Insider Transactions at KBR

In other news, EVP Jennifer Myles sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.08% of the company’s stock.

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.