American Century Companies Inc. Increases Stock Holdings in KBR, Inc. (NYSE:KBR)

American Century Companies Inc. increased its stake in KBR, Inc. (NYSE:KBR) by 8.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,477 shares of the construction company’s stock after buying an additional 1,809 shares during the period. American Century Companies Inc.’s holdings in KBR were worth $1,442,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its stake in shares of KBR by 3.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 12,974 shares of the construction company’s stock worth $719,000 after acquiring an additional 464 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of KBR by 5,896.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,986 shares of the construction company’s stock valued at $1,329,000 after buying an additional 23,586 shares during the period. TFO Wealth Partners LLC boosted its stake in shares of KBR by 99,925.0% in the 4th quarter. TFO Wealth Partners LLC now owns 4,001 shares of the construction company’s stock worth $222,000 after buying an additional 3,997 shares during the last quarter. Evoke Wealth LLC bought a new stake in shares of KBR in the fourth quarter worth $902,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in KBR during the fourth quarter valued at $1,560,000. 97.02% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the sale, the insider now owns 106,550 shares in the company, valued at $7,091,968. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.08% of the company’s stock.

KBR Price Performance

KBR stock opened at $64.18 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10. The company’s fifty day moving average price is $65.18 and its 200-day moving average price is $64.59. KBR, Inc. has a one year low of $49.37 and a one year high of $69.50. The company has a market capitalization of $8.62 billion, a PE ratio of -33.43, a price-to-earnings-growth ratio of 1.32 and a beta of 0.90.

KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. KBR had a return on equity of 27.92% and a net margin of 2.77%. On average, equities analysts anticipate that KBR, Inc. will post 3.25 EPS for the current fiscal year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. KBR’s dividend payout ratio (DPR) is -31.25%.

Analyst Ratings Changes

Several research analysts have weighed in on KBR shares. DA Davidson reiterated a “buy” rating and issued a $78.00 price target on shares of KBR in a research report on Tuesday, June 25th. StockNews.com upgraded KBR from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a report on Friday, September 6th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, KBR presently has an average rating of “Buy” and a consensus price target of $75.50.

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.