KBR, Inc. (NYSE:KBR) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its position in shares of KBR, Inc. (NYSE:KBR) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 55,787 shares of the construction company’s stock after selling 998 shares during the quarter. D.A. Davidson & CO.’s holdings in KBR were worth $3,091,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its position in KBR by 7.0% during the 4th quarter. Jennison Associates LLC now owns 1,526,058 shares of the construction company’s stock worth $84,559,000 after acquiring an additional 99,196 shares during the period. Norges Bank acquired a new position in shares of KBR in the 4th quarter valued at about $77,193,000. California Public Employees Retirement System lifted its holdings in shares of KBR by 0.8% in the 4th quarter. California Public Employees Retirement System now owns 834,360 shares of the construction company’s stock valued at $46,232,000 after buying an additional 6,918 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of KBR by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 829,822 shares of the construction company’s stock valued at $45,980,000 after buying an additional 18,097 shares during the period. Finally, PointState Capital LP lifted its holdings in shares of KBR by 34.0% in the 3rd quarter. PointState Capital LP now owns 708,487 shares of the construction company’s stock valued at $41,758,000 after buying an additional 179,831 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analyst Ratings Changes

KBR has been the subject of several analyst reports. UBS Group boosted their price objective on KBR from $68.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. KeyCorp boosted their price objective on KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Truist Financial boosted their price objective on KBR from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. StockNews.com raised KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Finally, DA Davidson lifted their price target on KBR from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $76.00.

Insiders Place Their Bets

In other KBR news, EVP Sonia Galindo sold 4,660 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $66.00, for a total transaction of $307,560.00. Following the completion of the sale, the executive vice president now directly owns 21,409 shares in the company, valued at approximately $1,412,994. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.08% of the stock is owned by company insiders.

KBR Stock Performance

Shares of KBR stock opened at $65.94 on Friday. KBR, Inc. has a twelve month low of $49.37 and a twelve month high of $68.68. The business has a 50-day moving average price of $64.15 and a 200 day moving average price of $57.97. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.10 and a current ratio of 1.10.

KBR (NYSE:KBR) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.70 by $0.07. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the business earned $0.67 EPS. KBR’s quarterly revenue was up 6.8% on a year-over-year basis. On average, analysts predict that KBR, Inc. will post 3.21 EPS for the current fiscal year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.60 annualized dividend and a yield of 0.91%. KBR’s dividend payout ratio (DPR) is currently -31.25%.

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.