Mercer Global Advisors Inc. ADV Decreases Stake in KBR, Inc. (NYSE:KBR)

Mercer Global Advisors Inc. ADV lessened its stake in KBR, Inc. (NYSE:KBR) by 62.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,077 shares of the construction company’s stock after selling 6,733 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in KBR were worth $236,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. boosted its stake in shares of KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after buying an additional 175 shares during the period. Utah Retirement Systems lifted its stake in KBR by 2.9% during the fourth quarter. Utah Retirement Systems now owns 7,200 shares of the construction company’s stock worth $417,000 after purchasing an additional 200 shares during the last quarter. CIBC Asset Management Inc lifted its stake in KBR by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company’s stock worth $239,000 after purchasing an additional 203 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in KBR by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 58,515 shares of the construction company’s stock worth $3,390,000 after purchasing an additional 360 shares during the last quarter. Finally, Guggenheim Capital LLC increased its position in KBR by 4.2% during the fourth quarter. Guggenheim Capital LLC now owns 9,838 shares of the construction company’s stock worth $570,000 after buying an additional 394 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Trading Up 0.5%

NYSE:KBR opened at $56.14 on Friday. The firm has a market cap of $7.28 billion, a P/E ratio of 23.59, a PEG ratio of 0.86 and a beta of 0.83. 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 stock’s 50 day simple moving average is $51.54 and its 200-day simple moving average is $55.61. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60.

KBR (NYSE:KBR) last released its earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.09 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 earnings per share. Equities analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a $0.165 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.18%. KBR’s dividend payout ratio (DPR) is presently 22.07%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KBR shares. Truist Financial cut their price target 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 lifted their price target on KBR from $59.00 to $63.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Citigroup cut their price target on KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, The Goldman Sachs Group cut their price target on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.86.

Insider Activity at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the business’s 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 sale, the insider now directly owns 63,533 shares in the company, valued at approximately $3,214,134.47. The trade was a 23.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.11% of the company’s stock.

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.