KBR, Inc. (NYSE:KBR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in KBR, Inc. (NYSE:KBR) by 31.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 308,256 shares of the construction company’s stock after selling 138,950 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of KBR worth $20,077,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of KBR. Larson Financial Group LLC raised its holdings in shares of KBR by 2,029.2% in the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after purchasing an additional 487 shares in the last quarter. CWM LLC grew its position in KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after buying an additional 231 shares during the last quarter. Quarry LP increased its holdings in shares of KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after buying an additional 673 shares in the last quarter. Eastern Bank acquired a new stake in shares of KBR during the 3rd quarter valued at $65,000. Finally, Fifth Third Bancorp boosted its stake in shares of KBR by 17.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after acquiring an additional 179 shares in the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KBR has been the topic of a number of analyst reports. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research note on Friday, September 6th. Citigroup lifted their target price on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. UBS Group boosted their price target on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. KeyCorp raised their price objective on shares of KBR from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, DA Davidson boosted their target price on shares of KBR from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.14.

Insider Buying and Selling

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 106,550 shares of the company’s stock, valued at $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.08% of the stock is currently owned by corporate insiders.

KBR Stock Performance

Shares of KBR opened at $70.00 on Thursday. The company has a market capitalization of $9.33 billion, a PE ratio of 29.41, a PEG ratio of 1.42 and a beta of 0.89. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The company’s 50 day moving average price is $66.62 and its 200 day moving average price is $65.90. KBR, Inc. has a 52 week low of $50.45 and a 52 week high of $72.60.

KBR (NYSE:KBR) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.84. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. KBR’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share. Research analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.86%. KBR’s dividend payout ratio is currently 25.21%.

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.