Bayesian Capital Management LP Decreases Position in KBR, Inc. (NYSE:KBR)

Bayesian Capital Management LP lowered its stake in shares of KBR, Inc. (NYSE:KBR) by 30.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,500 shares of the construction company’s stock after selling 5,900 shares during the quarter. Bayesian Capital Management LP’s holdings in KBR were worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of KBR. UMB Bank n.a. raised its stake in KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after acquiring an additional 175 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of KBR during the fourth quarter worth about $32,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of KBR in the 4th quarter valued at about $68,000. Venturi Wealth Management LLC lifted its holdings in shares of KBR by 507.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock valued at $93,000 after purchasing an additional 1,339 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of KBR in the 4th quarter valued at about $104,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Insider Buying and Selling at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the completion of the transaction, the insider now directly owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KBR has been the topic of several research analyst reports. KeyCorp cut their price target on KBR from $67.00 to $59.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Truist Financial cut their target price on shares of KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, April 14th. TD Cowen decreased their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group dropped their price objective on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, Citigroup decreased their target price on shares of KBR from $77.00 to $69.00 and set a “buy” rating for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.25.

KBR Stock Down 1.0 %

Shares of KBR stock opened at $51.57 on Tuesday. The company has a market cap of $6.69 billion, a P/E ratio of 21.67, a PEG ratio of 0.86 and a beta of 0.73. The firm has a fifty day moving average of $50.56 and a two-hundred day moving average of $56.24. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60.

KBR (NYSE:KBR) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. On average, analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, March 14th. This is a positive change from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio is currently 23.57%.

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.