Boston Partners Raises Position in KBR, Inc. (NYSE:KBR)

Boston Partners lifted its holdings in shares of KBR, Inc. (NYSE:KBR) by 49.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 84,965 shares of the construction company’s stock after acquiring an additional 28,091 shares during the period. Boston Partners’ holdings in KBR were worth $5,410,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its stake in shares of KBR by 2.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,338 shares of the construction company’s stock valued at $739,000 after buying an additional 267 shares during the period. State of Michigan Retirement System grew its position in KBR by 0.6% during the fourth quarter. State of Michigan Retirement System now owns 32,411 shares of the construction company’s stock valued at $1,796,000 after acquiring an additional 200 shares during the period. International Assets Investment Management LLC acquired a new stake in KBR during the fourth quarter worth about $64,000. Arlington Trust Co LLC purchased a new position in shares of KBR in the 4th quarter worth about $94,000. Finally, Ceredex Value Advisors LLC lifted its stake in shares of KBR by 15.4% in the 4th quarter. Ceredex Value Advisors LLC now owns 323,539 shares of the construction company’s stock valued at $17,971,000 after purchasing an additional 43,189 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Insider Activity

In other KBR news, EVP Sonia Galindo sold 4,660 shares of KBR stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $66.00, for a total transaction of $307,560.00. Following the transaction, the executive vice president now owns 21,409 shares of the company’s stock, valued at approximately $1,412,994. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.08% of the company’s stock.

KBR Price Performance

Shares of KBR traded down $0.63 during mid-day trading on Friday, hitting $65.31. The company’s stock had a trading volume of 833,575 shares, compared to its average volume of 1,063,676. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a 50-day moving average price of $64.90 and a 200 day moving average price of $62.16. KBR, Inc. has a fifty-two week low of $49.37 and a fifty-two week high of $69.37. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of -34.02, a PEG ratio of 1.36 and a beta of 0.90.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, June 17th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Monday, June 17th. KBR’s dividend payout ratio (DPR) is currently -31.25%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KBR shares. Truist Financial lifted their target price on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Stifel Nicolaus boosted their price objective on KBR from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. StockNews.com raised KBR from a “buy” rating to a “strong-buy” rating in a research report on Thursday. DA Davidson reiterated a “buy” rating and set a $78.00 target price on shares of KBR in a report on Tuesday, June 25th. Finally, Citigroup upped their price target on KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target 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.