Vestcor Inc Boosts Holdings in KBR, Inc. (NYSE:KBR)

Vestcor Inc increased its holdings in KBR, Inc. (NYSE:KBR) by 174.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,392 shares of the construction company’s stock after buying an additional 5,964 shares during the quarter. Vestcor Inc’s holdings in KBR were worth $468,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Utah Retirement Systems increased its position in KBR by 2.9% during the fourth quarter. Utah Retirement Systems now owns 7,200 shares of the construction company’s stock valued at $417,000 after acquiring an additional 200 shares during the last quarter. Cetera Trust Company N.A increased its position in KBR by 5.6% during the first quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company’s stock valued at $188,000 after acquiring an additional 200 shares during the last quarter. KBC Group NV increased its position in KBR by 4.8% during the first quarter. KBC Group NV now owns 5,703 shares of the construction company’s stock valued at $284,000 after acquiring an additional 260 shares during the last quarter. Fifth Third Bancorp increased its position in KBR by 25.2% during the first quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company’s stock valued at $68,000 after acquiring an additional 275 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in KBR by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 37,300 shares of the construction company’s stock valued at $1,858,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Insider Transactions at KBR

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total value of $1,056,200.00. Following the completion of the transaction, the chief executive officer owned 802,361 shares in the company, valued at approximately $42,372,684.41. This represents a 2.43% decrease in their ownership of the stock. The transaction 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.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial lowered their target price 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. Citigroup lowered their price objective 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. KeyCorp lowered shares of KBR from an “overweight” rating to a “sector weight” rating in a research note on Monday, June 23rd. UBS Group downgraded shares of KBR from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $66.00 to $54.00 in a report on Wednesday, July 2nd. Finally, Wall Street Zen downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 7th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.75.

KBR Price Performance

Shares of NYSE KBR opened at $46.48 on Monday. The stock has a fifty day moving average price of $49.21 and a 200 day moving average price of $51.18. The company has a market cap of $5.99 billion, a PE ratio of 16.84, a P/E/G ratio of 0.98 and a beta of 0.76. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13. 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 data on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%. KBR’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 earnings per share. Sell-side analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were given a $0.165 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.66 annualized dividend and a yield of 1.4%. KBR’s dividend payout ratio is presently 23.91%.

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.