SG Americas Securities LLC raised its holdings in KBR, Inc. (NYSE:KBR – Free Report) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 241,473 shares of the construction company’s stock after buying an additional 29,449 shares during the period. SG Americas Securities LLC owned approximately 0.19% of KBR worth $9,707,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Royal Bank of Canada raised its stake in shares of KBR by 11.2% in the first quarter. Royal Bank of Canada now owns 81,779 shares of the construction company’s stock valued at $4,073,000 after acquiring an additional 8,243 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in KBR by 50.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 627,321 shares of the construction company’s stock worth $31,247,000 after purchasing an additional 211,311 shares in the last quarter. Empowered Funds LLC acquired a new position in KBR during the 1st quarter worth $349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in KBR by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 395,574 shares of the construction company’s stock worth $19,704,000 after purchasing an additional 23,738 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in KBR by 11.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 610,834 shares of the construction company’s stock worth $29,283,000 after purchasing an additional 63,296 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.
KBR Trading Up 0.0%
KBR opened at $37.01 on Monday. KBR, Inc. has a one year low of $36.19 and a one year high of $56.78. The company has a market cap of $4.68 billion, a P/E ratio of 11.53, a PEG ratio of 2.18 and a beta of 0.50. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.22 and a current ratio of 1.22. The business’s 50-day simple moving average is $40.79 and its 200-day simple moving average is $42.68.
KBR Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, March 13th. KBR’s payout ratio is currently 20.56%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Citigroup decreased their price objective on KBR from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Truist Financial cut their target price on shares of KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Wall Street Zen cut shares of KBR from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Oppenheimer initiated coverage on shares of KBR in a research note on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 price target for the company. Finally, Zacks Research cut shares of KBR from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, KBR currently has an average rating of “Hold” and a consensus price target of $57.00.
KBR Company Profile
KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.
The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.
See Also
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