Allspring Global Investments Holdings LLC Has $791,000 Holdings in 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.

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

Wall Street Analyst Weigh In

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

KBR Stock Up 2.3 %

Shares of NYSE KBR opened at $49.06 on Monday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.24 and a current ratio of 1.24. KBR, Inc. has a 52 week low of $41.77 and a 52 week high of $56.94. The stock has a market capitalization of $6.73 billion, a P/E ratio of 46.72 and a beta of 1.23. The stock’s fifty day moving average is $51.27 and its 200 day moving average is $49.67.

KBR (NYSE:KBRGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The construction company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. KBR had a return on equity of 25.09% and a net margin of 2.21%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Sell-side analysts forecast that KBR, Inc. will post 2.63 earnings per share for the current fiscal year.

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 related news, EVP Jennifer Myles sold 1,449 shares of the firm’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $50.36, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas Nick Kelly sold 3,456 shares of the firm’s 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 completion of 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.

About KBR

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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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