State of Michigan Retirement System Has $1.59 Million Stock Holdings in KBR, Inc. (NYSE:KBR)

State of Michigan Retirement System increased its position in shares of KBR, Inc. (NYSE:KBR) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,911 shares of the construction company’s stock after acquiring an additional 400 shares during the period. State of Michigan Retirement System’s holdings in KBR were worth $1,589,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in KBR. Cerity Partners LLC lifted its stake in KBR by 697.0% during the first quarter. Cerity Partners LLC now owns 27,314 shares of the construction company’s stock worth $1,361,000 after purchasing an additional 23,887 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of KBR by 44.0% during the 1st quarter. Crossmark Global Holdings Inc. now owns 11,237 shares of the construction company’s stock worth $560,000 after buying an additional 3,435 shares in the last quarter. TD Private Client Wealth LLC grew its position in KBR by 24.8% in the first quarter. TD Private Client Wealth LLC now owns 5,574 shares of the construction company’s stock valued at $278,000 after acquiring an additional 1,109 shares during the last quarter. D.A. Davidson & CO. grew its position in KBR by 7.5% in the first quarter. D.A. Davidson & CO. now owns 64,048 shares of the construction company’s stock valued at $3,190,000 after acquiring an additional 4,468 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in KBR by 0.4% in the first quarter. Principal Financial Group Inc. now owns 307,121 shares of the construction company’s stock valued at $15,298,000 after acquiring an additional 1,343 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

Insider Activity at KBR

In related news, CEO Stuart Bradie sold 20,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer owned 802,361 shares in the company, valued at $42,372,684.41. The trade was a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.11% of the company’s stock.

KBR Stock Performance

Shares of KBR stock opened at $46.84 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.89. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 0.89 and a beta of 0.74. The company’s fifty day moving average is $51.55 and its 200 day moving average is $52.40.

KBR (NYSE:KBR) last announced its earnings results on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.88 by $0.10. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.09 billion. KBR had a return on equity of 32.55% and a net margin of 4.99%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. Sell-side analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, June 13th. KBR’s dividend payout ratio is currently 22.07%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KBR. KeyCorp downgraded shares of KBR from an “overweight” rating to a “sector weight” rating in a research note on Monday, June 23rd. UBS Group downgraded shares of KBR from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $66.00 to $54.00 in a report on Wednesday, July 2nd. The Goldman Sachs Group downgraded shares of KBR from a “buy” rating to a “neutral” rating and set a $55.00 price target for the company. in a report on Tuesday, May 27th. Citigroup reduced their price objective on KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Wall Street Zen lowered KBR from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 7th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $64.14.

About KBR

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.