State of New Jersey Common Pension Fund D Raises Stock Position in KBR, Inc. (NYSE:KBR)

State of New Jersey Common Pension Fund D increased its stake in KBR, Inc. (NYSE:KBR) by 7.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,415 shares of the construction company’s stock after acquiring an additional 5,028 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in KBR were worth $3,902,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages have issued reports on KBR. StockNews.com raised shares of KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Truist Financial lifted their target price on shares of KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. KeyCorp lifted their target price on shares of KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. UBS Group lowered their target price on shares of KBR from $65.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Finally, Citigroup lifted their target price on shares of KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KBR currently has a consensus rating of “Buy” and a consensus price target of $73.43.

Insider Activity at KBR

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

KBR Trading Up 0.1 %

Shares of KBR stock opened at $65.30 on Friday. The company’s 50-day moving average price is $61.79 and its 200-day moving average price is $56.95. 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, Inc. has a twelve month low of $49.37 and a twelve month high of $65.87.

KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $1.73 billion for 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 company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS. As a group, equities analysts expect that KBR, Inc. will post 3.19 earnings per share for the current year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued a $0.15 dividend. This is a positive change from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, March 14th. KBR’s payout ratio is -29.27%.

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.