KBR, Inc. (NYSE:KBR) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its stake in shares of KBR, Inc. (NYSE:KBR – Get Rating) by 71.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,765 shares of the construction company’s stock after buying an additional 5,319 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in KBR were worth $552,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. M&T Bank Corp raised its holdings in shares of KBR by 109.2% in the 2nd quarter. M&T Bank Corp now owns 91,241 shares of the construction company’s stock worth $4,416,000 after purchasing an additional 47,617 shares during the period. Quantbot Technologies LP acquired a new position in KBR during the second quarter valued at approximately $1,044,000. Hanseatic Management Services Inc. grew its stake in KBR by 3.5% during the second quarter. Hanseatic Management Services Inc. now owns 12,480 shares of the construction company’s stock worth $604,000 after buying an additional 427 shares during the period. Driehaus Capital Management LLC raised its stake in shares of KBR by 16.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 967,914 shares of the construction company’s stock valued at $46,837,000 after acquiring an additional 133,681 shares during the period. Finally, Kornitzer Capital Management Inc. KS acquired a new position in shares of KBR during the 2nd quarter valued at $763,000.

Insider Activity

In related news, insider Douglas Nick Kelly sold 3,456 shares of the firm’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $51.35, for a total transaction of $177,465.60. Following the transaction, the insider now directly owns 31,638 shares in the company, valued at $1,624,611.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Jennifer Myles sold 1,449 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $2,479,524.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas Nick Kelly sold 3,456 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The stock was 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 approximately $1,624,611.30. The disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

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

KBR Stock Performance

Shares of KBR stock opened at $49.45 on Wednesday. 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 1 year low of $41.77 and a 1 year high of $56.94. The firm’s 50-day simple moving average is $51.27 and its 200-day simple moving average is $49.68. The firm has a market cap of $6.78 billion, a PE ratio of 47.10 and a beta of 1.22.

KBR (NYSE:KBR – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The construction company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. KBR had a return on equity of 25.09% and a net margin of 2.21%. Equities analysts forecast that KBR, Inc. will post 2.63 earnings per share 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.