KBR, Inc. (NYSE:KBR) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in shares of KBR, Inc. (NYSE:KBR) by 840.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,907 shares of the construction company’s stock after purchasing an additional 4,385 shares during the period. Allspring Global Investments Holdings LLC’s holdings in KBR were worth $284,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its holdings in KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after buying an additional 175 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of KBR by 1.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company’s stock valued at $1,283,000 after purchasing an additional 300 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of KBR by 2.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock worth $766,000 after purchasing an additional 335 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of KBR during the third quarter worth $26,000. Finally, Blue Trust Inc. increased its holdings in KBR by 32.2% in the third quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock valued at $124,000 after buying an additional 469 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Stock Performance

NYSE KBR opened at $48.29 on Wednesday. The firm has a market cap of $6.43 billion, a P/E ratio of 20.29, a P/E/G ratio of 0.86 and a beta of 0.83. KBR, Inc. has a 52-week low of $47.19 and a 52-week high of $72.60. The business’s 50-day moving average price is $55.82 and its 200 day moving average price is $61.69. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR) last announced its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. On average, equities research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a $0.165 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.37%. This is an increase from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio (DPR) is presently 27.73%.

Analysts Set New Price Targets

A number of brokerages have issued reports on KBR. DA Davidson reaffirmed a “buy” rating and set a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. Citigroup dropped their price target on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. TD Cowen reduced their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. UBS Group increased their target price on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, KeyCorp cut their price target on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, KBR presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.57.

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.