New York State Teachers Retirement System Sells 14,600 Shares of KBR, Inc. (NYSE:KBR)

New York State Teachers Retirement System trimmed its holdings in shares of KBR, Inc. (NYSE:KBR) by 9.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 138,795 shares of the construction company’s stock after selling 14,600 shares during the period. New York State Teachers Retirement System owned approximately 0.11% of KBR worth $6,913,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of KBR. Vanguard Group Inc. lifted its position in shares of KBR by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company’s stock valued at $740,951,000 after acquiring an additional 68,588 shares during the period. Boston Partners increased its stake in KBR by 12,326.4% in the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock valued at $188,098,000 after purchasing an additional 3,216,323 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of KBR by 18.7% during the fourth quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company’s stock valued at $166,167,000 after purchasing an additional 451,887 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of KBR by 10.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,218,482 shares of the construction company’s stock worth $128,517,000 after purchasing an additional 218,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of KBR by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,182,921 shares of the construction company’s stock valued at $126,452,000 after buying an additional 130,535 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

Insider Activity at KBR

In related news, CEO Stuart Bradie sold 20,000 shares of KBR stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the sale, the chief executive officer directly owned 802,361 shares in the company, valued at approximately $42,372,684.41. This trade represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KBR shares. UBS Group downgraded KBR from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $66.00 to $54.00 in a research note on Wednesday. The Goldman Sachs Group cut KBR from a “buy” rating to a “neutral” rating and set a $55.00 target price on the stock. in a report on Tuesday, May 27th. Truist Financial decreased 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. Wall Street Zen lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 7th. Finally, Citigroup reduced their price objective on shares of KBR from $77.00 to $69.00 and set a “buy” rating for the company in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $64.14.

KBR Price Performance

Shares of NYSE:KBR opened at $47.62 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.89. The stock has a market cap of $6.18 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 0.91 and a beta of 0.74. The stock’s fifty day simple moving average is $52.10 and its two-hundred day simple moving average is $52.79. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60.

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 analysts’ consensus estimates of $0.88 by $0.10. KBR had a net margin of 4.99% and a return on equity of 32.55%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the firm earned $0.77 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. As a group, analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The firm also recently announced 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 1.39%. The ex-dividend date of this dividend is Friday, June 13th. KBR’s dividend payout ratio is presently 22.07%.

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.