Raymond James & Associates Sells 20,511 Shares of KBR, Inc. (NYSE:KBR)

Raymond James & Associates lowered its holdings in shares of KBR, Inc. (NYSE:KBR) by 34.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 39,053 shares of the construction company’s stock after selling 20,511 shares during the period. Raymond James & Associates’ holdings in KBR were worth $2,164,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC grew 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 valued at $8,534,000 after purchasing an additional 144,091 shares during the last quarter. Moody National Bank Trust Division grew its holdings in KBR by 22.2% in the 4th quarter. Moody National Bank Trust Division now owns 14,766 shares of the construction company’s stock worth $818,000 after acquiring an additional 2,686 shares during the last quarter. Dfpg Investments LLC bought a new stake in KBR in the 4th quarter worth $225,000. Anchor Investment Management LLC bought a new stake in KBR in the 4th quarter worth $69,000. Finally, Teachers Retirement System of The State of Kentucky grew 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 worth $3,625,000 after acquiring an additional 5,547 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KBR. Citigroup raised their price target on shares of KBR from $62.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Truist Financial raised their price target on shares of KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 target price (up from $78.00) on shares of KBR in a research report on Wednesday, March 13th. UBS Group dropped their target price on shares of KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Finally, KeyCorp raised their target price on shares of KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, KBR presently has an average rating of “Buy” and a consensus price target of $72.29.

KBR Trading Up 0.5 %

Shares of NYSE KBR opened at $61.98 on Wednesday. KBR, Inc. has a 1 year low of $49.37 and a 1 year high of $65.87. The stock has a market cap of $8.35 billion, a P/E ratio of -30.23, a price-to-earnings-growth ratio of 1.33 and a beta of 0.95. The firm has a 50-day moving average of $60.26 and a 200 day moving average of $56.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.69. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the company posted $0.69 EPS. KBR’s revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts expect that KBR, Inc. will post 3.2 EPS for the current fiscal year.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were paid a dividend of $0.15 per share. This is a positive change from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, March 14th. KBR’s dividend payout ratio (DPR) is currently -29.27%.

Insider Buying and Selling at KBR

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total transaction of $471,600.00. Following the completion of the sale, the executive vice president now directly owns 38,524 shares in the company, valued at approximately $2,270,989.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.08% of the stock is owned by company insiders.

KBR 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.