Orion Portfolio Solutions LLC Has $1.38 Million Position in KBR, Inc. (NYSE:KBR)

Orion Portfolio Solutions LLC lessened its holdings in KBR, Inc. (NYSE:KBRFree Report) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,485 shares of the construction company’s stock after selling 1,402 shares during the period. Orion Portfolio Solutions LLC’s holdings in KBR were worth $1,382,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KBR. Norges Bank acquired a new stake in shares of KBR in the 4th quarter valued at $77,193,000. Schonfeld Strategic Advisors LLC raised its holdings in KBR by 1,313.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 463,087 shares of the construction company’s stock worth $27,294,000 after acquiring an additional 430,318 shares during the period. Qube Research & Technologies Ltd increased its stake in KBR by 344.6% in the third quarter. Qube Research & Technologies Ltd now owns 545,554 shares of the construction company’s stock valued at $32,155,000 after acquiring an additional 422,856 shares during the period. Franklin Resources Inc. lifted its holdings in KBR by 12.1% in the fourth quarter. Franklin Resources Inc. now owns 3,084,559 shares of the construction company’s stock valued at $170,915,000 after buying an additional 331,749 shares during the period. Finally, PointState Capital LP increased its stake in KBR by 34.0% in the third quarter. PointState Capital LP now owns 708,487 shares of the construction company’s stock valued at $41,758,000 after purchasing an additional 179,831 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Trading Up 1.2 %

Shares of KBR stock opened at $65.66 on Friday. KBR, Inc. has a 1-year low of $49.37 and a 1-year high of $68.68. The stock’s 50-day moving average is $64.73 and its 200 day moving average is $58.58. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.30.

KBR (NYSE:KBRGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. As a group, equities analysts anticipate that KBR, Inc. will post 3.21 EPS for the current fiscal year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, June 17th. KBR’s dividend payout ratio is presently -31.25%.

Analyst Upgrades and Downgrades

KBR has been the subject of several research reports. StockNews.com raised shares of KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. UBS Group upped their price objective on shares of KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Truist Financial lifted 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. DA Davidson lifted their target price on shares of KBR from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Citigroup lifted their price target on shares of KBR from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $76.00.

View Our Latest Stock Report on KBR

Insider Transactions at KBR

In related news, EVP Sonia Galindo sold 4,660 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $66.00, for a total transaction of $307,560.00. Following the completion of the transaction, the executive vice president now directly owns 21,409 shares in the company, valued at approximately $1,412,994. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.08% of the company’s stock.

KBR Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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