Xponance Inc. Has $1.16 Million Holdings in KBR, Inc. (NYSE:KBR)

Xponance Inc. lessened its stake in KBR, Inc. (NYSE:KBR) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,943 shares of the construction company’s stock after selling 627 shares during the quarter. Xponance Inc.’s holdings in KBR were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its position in KBR by 113.6% in the 3rd quarter. CWM LLC now owns 814 shares of the construction company’s stock valued at $48,000 after acquiring an additional 433 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in KBR in the 4th quarter valued at about $64,000. Anchor Investment Management LLC acquired a new stake in KBR in the 4th quarter valued at about $69,000. Arlington Trust Co LLC acquired a new stake in KBR in the 4th quarter valued at about $94,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in KBR in the 3rd quarter valued at about $128,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Stock Up 0.3 %

Shares of NYSE KBR opened at $64.38 on Thursday. The stock has a market cap of $8.67 billion, a P/E ratio of -31.40, a P/E/G ratio of 1.34 and a beta of 0.95. The firm has a 50 day moving average price of $61.39 and a 200 day moving average price of $56.87. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05. KBR, Inc. has a 52-week low of $49.37 and a 52-week high of $65.87.

KBR (NYSE:KBR) last issued its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.69 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.69. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.78 billion. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. Analysts expect that KBR, Inc. will post 3.19 EPS for the current year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. This is a positive change from KBR’s previous quarterly dividend of $0.14. KBR’s payout ratio is presently -29.27%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KBR. KeyCorp raised their price objective on shares of KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Citigroup lifted their price target on shares of KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus lifted their price target on shares of KBR from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday. StockNews.com upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Finally, Truist Financial lifted their price target on shares of KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, KBR currently has an average rating of “Buy” and a consensus target price of $73.43.

Insider Buying and Selling at KBR

In other KBR news, EVP Jennifer Myles sold 8,000 shares of KBR stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total value of $471,600.00. Following the transaction, the executive vice president now owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.08% of the company’s stock.

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.