Harbor Capital Advisors Inc. Makes New Investment in KBR, Inc. (NYSE:KBR)

Harbor Capital Advisors Inc. bought a new position in KBR, Inc. (NYSE:KBR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 953 shares of the construction company’s stock, valued at approximately $47,000.

A number of other institutional investors also recently modified their holdings of the stock. Cetera Trust Company N.A raised its stake in shares of KBR by 5.6% in the first quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company’s stock worth $188,000 after acquiring an additional 200 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of KBR by 1,402.2% in the first quarter. Farther Finance Advisors LLC now owns 1,367 shares of the construction company’s stock worth $68,000 after acquiring an additional 1,276 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of KBR by 18.6% in the first quarter. Wedge Capital Management L L P NC now owns 71,555 shares of the construction company’s stock worth $3,564,000 after acquiring an additional 11,241 shares during the last quarter. UMB Bank n.a. raised its stake in shares of KBR by 146.9% in the first quarter. UMB Bank n.a. now owns 1,311 shares of the construction company’s stock worth $65,000 after acquiring an additional 780 shares during the last quarter. Finally, Delphi Management Inc. MA bought a new position in shares of KBR in the first quarter worth about $291,000. 97.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KBR shares. Truist Financial dropped their price target on shares of KBR from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, April 14th. KeyCorp boosted their price target on shares of KBR from $59.00 to $63.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. The Goldman Sachs Group downgraded shares of KBR from a “buy” rating to a “neutral” rating and set a $55.00 price target for the company. in a research note on Tuesday, May 27th. Citigroup dropped their price target on shares of KBR from $77.00 to $69.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, Wall Street Zen downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 7th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, KBR presently has an average rating of “Moderate Buy” and a consensus price target of $67.57.

KBR Stock Down 0.6%

KBR stock opened at $53.39 on Monday. The stock has a market capitalization of $6.93 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 0.86 and a beta of 0.77. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The company has a 50 day moving average of $52.47 and a 200-day moving average of $53.78.

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

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, June 13th. KBR’s dividend payout ratio (DPR) is presently 22.07%.

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.