Allspring Global Investments Holdings LLC Acquires 12,271 Shares of KBR, Inc. (NYSE:KBR)

Allspring Global Investments Holdings LLC boosted its holdings in KBR, Inc. (NYSE:KBRGet Rating) by 202.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,318 shares of the construction company’s stock after acquiring an additional 12,271 shares during the period. Allspring Global Investments Holdings LLC’s holdings in KBR were worth $791,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Wipfli Financial Advisors LLC bought a new position in KBR during the 3rd quarter worth $78,000. Fort Washington Investment Advisors Inc. OH increased its position in KBR by 12.5% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 490,485 shares of the construction company’s stock worth $21,199,000 after buying an additional 54,511 shares during the period. Raymond James & Associates increased its position in KBR by 280.0% during the 3rd quarter. Raymond James & Associates now owns 55,758 shares of the construction company’s stock worth $2,410,000 after buying an additional 41,086 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in KBR by 71.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 12,765 shares of the construction company’s stock worth $552,000 after buying an additional 5,319 shares during the period. Finally, First National Bank of Hutchinson increased its position in KBR by 9.7% during the 3rd quarter. First National Bank of Hutchinson now owns 9,311 shares of the construction company’s stock worth $402,000 after buying an additional 823 shares during the period.

Insider Activity at KBR

In related news, insider Douglas Nick Kelly sold 3,456 shares of the firm’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $51.35, for a total value of $177,465.60. Following the sale, the insider now directly owns 31,638 shares of the company’s stock, valued at $1,624,611.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Jennifer Myles sold 1,449 shares of KBR stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $50.36, for a total transaction of $72,971.64. Following the sale, the executive vice president now directly owns 49,236 shares of the company’s stock, valued at $2,479,524.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas Nick Kelly sold 3,456 shares of KBR stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $51.35, for a total value of $177,465.60. Following the sale, the insider now directly owns 31,638 shares in the company, valued at $1,624,611.30. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KBR. StockNews.com cut KBR from a “buy” rating to a “hold” rating in a research report on Friday, December 16th. Bank of America restated a “buy” rating and issued a $65.00 price target on shares of KBR in a research report on Friday, December 2nd. DA Davidson decreased their price target on KBR to $60.00 in a research report on Thursday, October 27th. Truist Financial raised their price target on KBR from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, December 21st. Finally, Credit Suisse Group raised their price target on KBR from $63.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, October 27th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $64.00.

KBR Stock Performance

NYSE:KBR opened at $49.06 on Monday. The stock’s 50-day simple moving average is $51.27 and its 200 day simple moving average is $49.67. The firm has a market capitalization of $6.73 billion, a PE ratio of 46.72 and a beta of 1.23. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.10. KBR, Inc. has a twelve month low of $41.77 and a twelve month high of $56.94.

KBR (NYSE:KBRGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The construction company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.02. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. KBR had a return on equity of 25.09% and a net margin of 2.21%. On average, analysts anticipate that KBR, Inc. will post 2.63 EPS for the current fiscal year.

KBR Profile

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KBR, Inc engages in the provision of differentiated professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. It operates through the following segments: Government Solutions, Technology Solutions, Energy Solutions, Non-strategic Business, and Other.

Further Reading

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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