Texas Permanent School Fund Corp Has $7.52 Million Holdings in KBR, Inc. (NYSE:KBR)

Texas Permanent School Fund Corp increased its holdings in KBR, Inc. (NYSE:KBR) by 1.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,154 shares of the construction company’s stock after buying an additional 1,530 shares during the period. Texas Permanent School Fund Corp owned 0.09% of KBR worth $7,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in KBR. Teachers Retirement System of The State of Kentucky increased its holdings in KBR by 9.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 61,511 shares of the construction company’s stock valued at $3,625,000 after buying an additional 5,547 shares during the period. Anchor Investment Management LLC acquired a new position in KBR during the fourth quarter valued at approximately $69,000. Dfpg Investments LLC acquired a new stake in shares of KBR in the 4th quarter valued at $225,000. Moody National Bank Trust Division increased its stake in shares of KBR by 22.2% in the 4th quarter. Moody National Bank Trust Division now owns 14,766 shares of the construction company’s stock valued at $818,000 after purchasing an additional 2,686 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of KBR by 1,452.2% during the 4th quarter. SG Americas Securities LLC now owns 154,013 shares of the construction company’s stock worth $8,534,000 after buying an additional 144,091 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other KBR news, EVP Sonia Galindo sold 4,660 shares of KBR stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $66.00, for a total value of $307,560.00. Following the completion of the sale, the executive vice president now directly owns 21,409 shares in the company, valued at $1,412,994. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.08% of the company’s stock.

KBR Trading Up 1.5 %

Shares of KBR stock traded up $0.94 on Thursday, hitting $64.74. The company had a trading volume of 947,946 shares, compared to its average volume of 1,190,241. KBR, Inc. has a twelve month low of $49.37 and a twelve month high of $68.68. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $8.69 billion, a P/E ratio of -33.72, a P/E/G ratio of 1.32 and a beta of 0.90. The stock’s 50-day moving average is $64.81 and its two-hundred day moving average is $60.77.

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

KBR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. KBR’s dividend payout ratio (DPR) is currently -31.25%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Truist Financial lifted their target price on KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. DA Davidson reissued a “buy” rating and issued a $78.00 price objective on shares of KBR in a research note on Tuesday, June 25th. Stifel Nicolaus raised their target price on shares of KBR from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Citigroup upped their price target on shares of KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, UBS Group boosted 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. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $76.00.

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.