KBR, Inc. (NYSE:KBR) Stake Raised by LPL Financial LLC

LPL Financial LLC increased its holdings in KBR, Inc. (NYSE:KBR) by 45.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,283 shares of the construction company’s stock after buying an additional 5,408 shares during the quarter. LPL Financial LLC’s holdings in KBR were worth $1,001,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC grew its stake in shares of KBR by 73.4% in the third quarter. Sanctuary Advisors LLC now owns 6,122 shares of the construction company’s stock worth $378,000 after purchasing an additional 2,592 shares in the last quarter. Tidal Investments LLC acquired a new stake in KBR in the third quarter worth about $200,000. Franklin Resources Inc. grew its position in KBR by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after buying an additional 305,889 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in KBR by 45.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 5,088 shares of the construction company’s stock valued at $295,000 after buying an additional 1,600 shares during the period. Finally, First Hawaiian Bank bought a new stake in shares of KBR during the 4th quarter worth about $205,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Stock Up 0.3 %

NYSE:KBR opened at $50.47 on Monday. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 0.86 and a beta of 0.73. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The business’s fifty day moving average price is $50.27 and its 200 day moving average price is $57.51.

KBR (NYSE:KBR) last issued its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. On average, sell-side analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were paid a dividend of $0.165 per share. The ex-dividend date was Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.31%. This is a positive change from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio (DPR) is 23.57%.

Insider Buying and Selling at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the sale, the insider now directly owns 63,533 shares in the company, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.11% of the company’s stock.

Wall Street Analysts Forecast Growth

KBR has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price objective on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. TD Cowen reduced their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Truist Financial cut their target price on KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. KeyCorp decreased their price target on KBR from $67.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup cut their price objective on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.13.

KBR 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.