1,170 Shares in KBR, Inc. (NYSE:KBR) Purchased by Headlands Technologies LLC

Headlands Technologies LLC purchased a new position in KBR, Inc. (NYSE:KBR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,170 shares of the construction company’s stock, valued at approximately $65,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State of Michigan Retirement System grew its position in KBR by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 32,411 shares of the construction company’s stock worth $1,796,000 after acquiring an additional 200 shares in the last quarter. Prosperity Financial Group Inc. lifted its stake in KBR by 5.3% in the third quarter. Prosperity Financial Group Inc. now owns 4,254 shares of the construction company’s stock worth $251,000 after purchasing an additional 215 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in KBR by 1.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 20,303 shares of the construction company’s stock worth $1,125,000 after purchasing an additional 260 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in KBR by 2.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,338 shares of the construction company’s stock worth $739,000 after purchasing an additional 267 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in KBR by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 59,400 shares of the construction company’s stock worth $3,501,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Performance

Shares of NYSE:KBR opened at $64.94 on Wednesday. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $66.60. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50 day moving average of $62.01 and a 200 day moving average of $56.92.

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

KBR Increases Dividend

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

Insider Buying and Selling

In other KBR news, EVP Jennifer Myles sold 8,000 shares of KBR stock in a transaction 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 directly owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Truist Financial raised their price objective 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. StockNews.com raised shares of KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Stifel Nicolaus raised their price objective on shares of KBR from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. KeyCorp raised their price objective 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. Finally, Citigroup lifted their price target on shares of KBR from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, KBR currently has an average rating of “Buy” and an average target price of $73.43.

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.