KBR, Inc. (NYSE:KBR) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its position in KBR, Inc. (NYSE:KBR) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,673 shares of the construction company’s stock after selling 481 shares during the quarter. PNC Financial Services Group Inc.’s holdings in KBR were worth $781,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KBR. Balyasny Asset Management L.P. raised its holdings in KBR by 444.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company’s stock valued at $72,268,000 after acquiring an additional 1,018,539 shares in the last quarter. Hudson Way Capital Management LLC lifted its position in shares of KBR by 128.3% during the 4th quarter. Hudson Way Capital Management LLC now owns 1,053,710 shares of the construction company’s stock worth $61,041,000 after buying an additional 592,063 shares during the last quarter. Charter Oak Advisors LP acquired a new position in shares of KBR in the 4th quarter valued at $26,856,000. J. Goldman & Co LP purchased a new position in shares of KBR in the 4th quarter valued at $26,128,000. Finally, Eisler Capital Management Ltd. purchased a new position in shares of KBR in the 4th quarter valued at $20,162,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. KeyCorp lowered shares of KBR from an “overweight” rating to a “sector weight” rating in a research note on Monday, June 23rd. Truist Financial cut their price target on shares of KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group lowered shares of KBR from a “buy” rating to a “neutral” rating and set a $55.00 price target on the stock. in a research note on Tuesday, May 27th. DA Davidson reduced their price target on shares of KBR from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Finally, UBS Group downgraded shares of KBR from a “buy” rating to a “neutral” rating and reduced their price target for the company from $66.00 to $54.00 in a research report on Wednesday, July 2nd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, KBR has a consensus rating of “Hold” and an average price target of $63.75.

Insiders Place Their Bets

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 18th. The shares were 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. The trade was a 2.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.11% of the stock is currently owned by company insiders.

KBR Stock Performance

NYSE:KBR opened at $49.38 on Tuesday. The firm’s fifty day moving average price is $48.94 and its 200 day moving average price is $50.79. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.00 and a beta of 0.76.

KBR (NYSE:KBR) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. KBR had a net margin of 4.52% and a return on equity of 33.65%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the firm posted $0.83 EPS. KBR’s quarterly revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, June 13th. KBR’s dividend payout ratio (DPR) is 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.