Retirement Systems of Alabama Has $20.77 Million Stock Position in KBR, Inc. (NYSE:KBR)

Retirement Systems of Alabama raised its holdings in shares of KBR, Inc. (NYSE:KBR) by 73.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,319 shares of the construction company’s stock after acquiring an additional 138,633 shares during the quarter. Retirement Systems of Alabama owned approximately 0.24% of KBR worth $20,773,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in KBR by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock worth $722,823,000 after purchasing an additional 52,679 shares during the last quarter. Franklin Resources Inc. increased its position in KBR by 12.1% in the 4th quarter. Franklin Resources Inc. now owns 3,084,559 shares of the construction company’s stock worth $170,915,000 after buying an additional 331,749 shares during the period. Jennison Associates LLC increased its position in shares of KBR by 7.0% during the fourth quarter. Jennison Associates LLC now owns 1,526,058 shares of the construction company’s stock valued at $84,559,000 after purchasing an additional 99,196 shares during the period. Norges Bank bought a new stake in KBR in the fourth quarter valued at $77,193,000. Finally, Freshford Capital Management LLC boosted its stake in KBR by 55.5% in the fourth quarter. Freshford Capital Management LLC now owns 966,610 shares of the construction company’s stock worth $53,560,000 after purchasing an additional 344,800 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Insider Activity at KBR

In related news, EVP Sonia Galindo sold 4,660 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $66.00, for a total value of $307,560.00. Following the transaction, the executive vice president now owns 21,409 shares of the company’s stock, valued at $1,412,994. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KBR has been the topic of several research reports. UBS Group upped their price target on KBR from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. StockNews.com raised KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Stifel Nicolaus lifted their price target on KBR from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Citigroup raised their price objective on KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, DA Davidson restated a “buy” rating and set a $78.00 price objective on shares of KBR in a research note on Tuesday, June 25th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, KBR currently has a consensus rating of “Buy” and a consensus price target of $76.00.

KBR Stock Performance

Shares of NYSE:KBR traded down $0.48 during trading on Friday, hitting $63.91. 471,733 shares of the company were exchanged, compared to its average volume of 1,204,545. The company has a market cap of $8.58 billion, a PE ratio of -33.30, a P/E/G ratio of 1.34 and a beta of 0.90. The stock has a 50 day moving average of $65.01 and a 200 day moving average of $60.43. KBR, Inc. has a 52-week low of $49.37 and a 52-week high of $68.68. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.10.

KBR (NYSE:KBR) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the business posted $0.67 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. As a group, equities research analysts predict that KBR, Inc. will post 3.21 EPS for the current year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be paid a $0.15 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. KBR’s dividend payout ratio is presently -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.