KBR, Inc. (NYSE:KBR) Shares Bought by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC lifted its stake in shares of KBR, Inc. (NYSE:KBR) by 15.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 323,539 shares of the construction company’s stock after acquiring an additional 43,189 shares during the quarter. Ceredex Value Advisors LLC owned 0.24% of KBR worth $17,971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of KBR. VisionPoint Advisory Group LLC purchased a new position in KBR in the second quarter valued at $27,000. Fred Alger Management LLC purchased a new position in KBR in the third quarter valued at $36,000. CWM LLC increased its holdings in KBR by 113.6% in the third quarter. CWM LLC now owns 814 shares of the construction company’s stock valued at $48,000 after buying an additional 433 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in KBR by 35.5% in the first quarter. Belpointe Asset Management LLC now owns 871 shares of the construction company’s stock valued at $48,000 after buying an additional 228 shares during the last quarter. Finally, Atlas Capital Advisors LLC purchased a new position in KBR in the second quarter valued at $53,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Insider Activity at KBR

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this link. 1.03% of the stock is owned by insiders.

KBR Trading Up 0.9 %

Shares of KBR opened at $64.93 on Monday. KBR, Inc. has a fifty-two week low of $49.37 and a fifty-two week high of $65.87. The firm has a 50-day simple moving average of $58.81 and a 200-day simple moving average of $56.45. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.29.

KBR (NYSE:KBR) last announced its earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities analysts forecast that KBR, Inc. will post 3.2 EPS for the current year.

KBR Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. KeyCorp increased their target price on KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Citigroup upped their price objective on shares of KBR from $62.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, January 26th. StockNews.com upgraded shares of KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. UBS Group decreased their price objective on shares of KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Finally, Truist Financial restated a “buy” rating and issued a $72.00 price objective on shares of KBR in a research note on Wednesday, March 13th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $69.71.

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.