Sumitomo Mitsui Trust Group Inc. Sells 21,791 Shares of KBR, Inc. $KBR

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of KBR, Inc. (NYSE:KBR) by 69.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,473 shares of the construction company’s stock after selling 21,791 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in KBR were worth $454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in KBR by 295.5% during the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company’s stock valued at $40,000 after purchasing an additional 594 shares in the last quarter. Byrne Asset Management LLC bought a new stake in KBR during the 2nd quarter valued at $41,000. Signaturefd LLC grew its stake in shares of KBR by 44.1% in the 1st quarter. Signaturefd LLC now owns 1,438 shares of the construction company’s stock worth $72,000 after acquiring an additional 440 shares in the last quarter. UMB Bank n.a. grew its stake in shares of KBR by 34.3% in the 2nd quarter. UMB Bank n.a. now owns 1,761 shares of the construction company’s stock worth $84,000 after acquiring an additional 450 shares in the last quarter. Finally, Avion Wealth bought a new stake in shares of KBR in the 2nd quarter worth $102,000. Institutional investors own 97.02% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on KBR shares. Stifel Nicolaus upped their target price on shares of KBR from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Truist Financial set a $62.00 target price on shares of KBR in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of KBR in a report on Wednesday, October 8th. Bank of America lowered KBR from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $70.00 to $55.00 in a report on Wednesday, August 13th. Finally, DA Davidson cut their price objective on KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, KBR has a consensus rating of “Hold” and a consensus target price of $62.22.

KBR Price Performance

KBR opened at $42.91 on Friday. The firm has a market cap of $5.53 billion, a P/E ratio of 15.55, a PEG ratio of 0.85 and a beta of 0.68. The firm has a 50-day moving average of $47.14 and a 200 day moving average of $49.33. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.13. KBR, Inc. has a fifty-two week low of $40.71 and a fifty-two week high of $72.60.

KBR (NYSE:KBR) last posted its quarterly earnings results on Thursday, October 30th. The construction company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.07. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.99 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. On average, research analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.66 annualized dividend and a yield of 1.5%. KBR’s dividend payout ratio 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.