Jennison Associates LLC Has $84.56 Million Position in KBR, Inc. (NYSE:KBR)

Jennison Associates LLC grew its holdings in shares of KBR, Inc. (NYSE:KBR) by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,526,058 shares of the construction company’s stock after buying an additional 99,196 shares during the period. Jennison Associates LLC’s holdings in KBR were worth $84,559,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS Group AG boosted its holdings in shares of KBR by 14.6% during the 3rd quarter. UBS Group AG now owns 427,656 shares of the construction company’s stock worth $25,206,000 after buying an additional 54,623 shares in the last quarter. Custom Index Systems LLC bought a new position in shares of KBR during the 4th quarter worth approximately $275,000. Strs Ohio boosted its holdings in shares of KBR by 212.1% during the 3rd quarter. Strs Ohio now owns 89,524 shares of the construction company’s stock worth $5,276,000 after buying an additional 60,840 shares in the last quarter. AXQ Capital LP lifted its holdings in shares of KBR by 687.1% in the 3rd quarter. AXQ Capital LP now owns 24,400 shares of the construction company’s stock worth $1,438,000 after purchasing an additional 21,300 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in KBR by 169.8% in the 3rd quarter. Hsbc Holdings PLC now owns 196,991 shares of the construction company’s stock valued at $11,634,000 after purchasing an additional 123,966 shares during the period. 97.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on KBR. KeyCorp lifted their price target on shares of KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 price target (up previously from $78.00) on shares of KBR in a research report on Wednesday, March 13th. Truist Financial lifted their price target on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. UBS Group reduced their price target on shares of KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Finally, Citigroup lifted their price target on shares of KBR from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Monday. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $73.00.

Insider Transactions at KBR

In other news, EVP Jennifer Myles sold 8,000 shares of KBR stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total transaction of $471,600.00. Following the sale, the executive vice president now directly owns 38,524 shares in the company, valued at approximately $2,270,989.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.08% of the company’s stock.

KBR Price Performance

KBR opened at $63.12 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29. The firm’s fifty day moving average price is $60.96 and its two-hundred day moving average price is $56.78. KBR, Inc. has a 1 year low of $49.37 and a 1 year high of $65.87.

KBR (NYSE:KBR) last released its earnings results on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.78 billion. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 EPS. On average, equities analysts anticipate that KBR, Inc. will post 3.19 EPS for the current year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from KBR’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 14th. KBR’s payout ratio is presently -29.27%.

KBR Company 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.