KBR, Inc. (NYSE:KBR) Shares Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC increased its holdings in shares of KBR, Inc. (NYSE:KBR) by 465.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,080 shares of the construction company’s stock after purchasing an additional 17,351 shares during the period. Capstone Investment Advisors LLC’s holdings in KBR were worth $1,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. RK Capital Management LLC increased its position in KBR by 37.4% in the 4th quarter. RK Capital Management LLC now owns 258,127 shares of the construction company’s stock valued at $14,303,000 after acquiring an additional 70,327 shares during the period. CenterBook Partners LP increased its stake in KBR by 341.8% in the 4th quarter. CenterBook Partners LP now owns 51,347 shares of the construction company’s stock valued at $2,845,000 after purchasing an additional 39,726 shares in the last quarter. Jennison Associates LLC raised its holdings in KBR by 7.0% during the fourth quarter. Jennison Associates LLC now owns 1,526,058 shares of the construction company’s stock worth $84,559,000 after purchasing an additional 99,196 shares during the last quarter. Vanguard Group Inc. boosted its position in KBR by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock worth $722,823,000 after purchasing an additional 52,679 shares in the last quarter. Finally, Norden Group LLC grew its holdings in KBR by 1,030.1% in the first quarter. Norden Group LLC now owns 74,200 shares of the construction company’s stock valued at $4,723,000 after purchasing an additional 67,634 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup lifted their price target on KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. StockNews.com upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. UBS Group lifted their price objective on KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Truist Financial increased their target price on KBR from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, DA Davidson reissued a “buy” rating and issued a $78.00 price target on shares of KBR in a report on Tuesday, June 25th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, KBR has a consensus rating of “Buy” and an average price target of $76.00.

Insiders Place Their Bets

In other news, EVP Sonia Galindo sold 4,660 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $66.00, for a total transaction of $307,560.00. Following the completion of the sale, the executive vice president now directly owns 21,409 shares of the company’s stock, valued at approximately $1,412,994. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.08% of the stock is currently owned by insiders.

KBR Trading Down 0.7 %

Shares of KBR stock traded down $0.48 during trading hours on Friday, reaching $63.91. 471,733 shares of the company’s stock were exchanged, compared to its average volume of 836,357. KBR, Inc. has a 52-week low of $49.37 and a 52-week high of $68.68. The company has a fifty day moving average of $64.98 and a 200-day moving average of $60.50. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $8.58 billion, a price-to-earnings ratio of -33.29, a price-to-earnings-growth ratio of 1.34 and a beta of 0.90.

KBR (NYSE:KBR) last released its earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.07. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. Sell-side analysts forecast that KBR, Inc. will post 3.21 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.94%. The ex-dividend date is Monday, June 17th. KBR’s dividend payout ratio (DPR) is -31.25%.

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.