Victory Capital Management Inc. Cuts Position in KBR, Inc. (NYSE:KBR)

Victory Capital Management Inc. decreased its position in KBR, Inc. (NYSE:KBR) by 2.1% during the first quarter, Holdings Channel reports. The firm owned 24,346 shares of the construction company’s stock after selling 522 shares during the quarter. Victory Capital Management Inc.’s holdings in KBR were worth $1,213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of KBR by 93.6% in the fourth quarter. American Century Companies Inc. now owns 46,430 shares of the construction company’s stock worth $2,690,000 after acquiring an additional 22,446 shares in the last quarter. LPL Financial LLC grew its stake in shares of KBR by 45.5% in the fourth quarter. LPL Financial LLC now owns 17,283 shares of the construction company’s stock worth $1,001,000 after acquiring an additional 5,408 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of KBR by 35.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 22,491 shares of the construction company’s stock worth $1,327,000 after acquiring an additional 5,943 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of KBR by 18.5% in the fourth quarter. JPMorgan Chase & Co. now owns 555,376 shares of the construction company’s stock worth $32,173,000 after acquiring an additional 86,860 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of KBR in the fourth quarter worth $104,033,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Insider Activity at KBR

In other news, CEO Stuart Bradie sold 20,000 shares of the company’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total value of $1,056,200.00. Following the completion of the sale, the chief executive officer directly owned 802,361 shares of the company’s stock, valued at approximately $42,372,684.41. This represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.11% of the company’s stock.

KBR Price Performance

Shares of KBR opened at $45.55 on Thursday. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The stock has a market cap of $5.91 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 0.89 and a beta of 0.74. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a fifty day moving average price of $49.42 and a 200 day moving average price of $51.48.

KBR (NYSE:KBR) last announced its earnings results on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10. KBR had a net margin of 4.99% and a return on equity of 32.55%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the company earned $0.77 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were issued a $0.165 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.45%. KBR’s payout ratio is 22.07%.

Analysts Set New Price Targets

Several research firms have commented on KBR. UBS Group downgraded shares of KBR from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $66.00 to $54.00 in a research note on Wednesday, July 2nd. Truist Financial dropped their price target on shares of KBR from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Citigroup dropped their price target on shares of KBR from $77.00 to $69.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Wall Street Zen downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 7th. Finally, KeyCorp downgraded shares of KBR from an “overweight” rating to a “sector weight” rating in a research note on Monday, June 23rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.14.

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.