Principal Financial Group Inc. Cuts Stock Holdings in KBR, Inc. (NYSE:KBR)

Principal Financial Group Inc. decreased its position in shares of KBR, Inc. (NYSE:KBRFree Report) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 497,621 shares of the construction company’s stock after selling 2,315 shares during the quarter. Principal Financial Group Inc. owned 0.37% of KBR worth $27,573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in KBR. Raymond James Financial Services Advisors Inc. lifted its position in KBR by 3.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 13,071 shares of the construction company’s stock valued at $770,000 after purchasing an additional 450 shares during the period. Allspring Global Investments Holdings LLC lifted its position in KBR by 34.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 21,159 shares of the construction company’s stock valued at $1,247,000 after purchasing an additional 5,411 shares during the period. Daiwa Securities Group Inc. lifted its position in KBR by 45.7% during the third quarter. Daiwa Securities Group Inc. now owns 20,043 shares of the construction company’s stock valued at $1,181,000 after purchasing an additional 6,290 shares during the period. Olympiad Research LP bought a new position in KBR during the third quarter valued at approximately $254,000. Finally, California Public Employees Retirement System lifted its position in KBR by 6.4% during the third quarter. California Public Employees Retirement System now owns 827,442 shares of the construction company’s stock valued at $48,769,000 after purchasing an additional 50,013 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analyst Ratings Changes

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

Read Our Latest Report on KBR

Insider Activity at KBR

In related news, EVP Jennifer Myles sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total transaction of $471,600.00. Following the completion of 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 accessible through this hyperlink. 1.08% of the stock is currently owned by corporate insiders.

KBR Price Performance

Shares of KBR stock opened at $65.64 on Friday. KBR, Inc. has a one year low of $49.37 and a one year high of $68.68. The company’s fifty day moving average price is $63.73 and its 200-day moving average price is $57.64. 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:KBRGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. KBR had a negative net margin of 3.65% and a positive return on equity of 26.14%. The company’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $0.67 EPS. As a group, equities research analysts anticipate that KBR, Inc. will post 3.21 EPS for the current year.

KBR Announces Dividend

The business 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 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 payout ratio is -31.25%.

KBR Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding KBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KBR, Inc. (NYSE:KBRFree Report).

Institutional Ownership by Quarter for KBR (NYSE:KBR)

Receive News & Ratings for KBR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR and related companies with MarketBeat.com's FREE daily email newsletter.