Voya Investment Management LLC Sells 1,317 Shares of KBR, Inc. (NYSE:KBR)

Voya Investment Management LLC trimmed its position in shares of KBR, Inc. (NYSE:KBR) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,854 shares of the construction company’s stock after selling 1,317 shares during the quarter. Voya Investment Management LLC’s holdings in KBR were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. grew its position 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 during the last quarter. First Horizon Advisors Inc. bought a new stake in shares of KBR during the fourth quarter worth $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of KBR in the fourth quarter valued at $68,000. Venturi Wealth Management LLC increased its stake in shares of KBR by 507.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock valued at $93,000 after buying an additional 1,339 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of KBR in the fourth quarter valued at about $104,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

Insider Activity

In other news, insider Gregory Sean Conlon sold 19,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the sale, the insider now directly owns 63,533 shares in the company, valued at $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.11% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on KBR. KeyCorp dropped their target price on KBR from $67.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Citigroup reduced their target price on shares of KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. The Goldman Sachs Group lowered their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. TD Cowen cut their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Truist Financial lowered their target price on shares of KBR from $70.00 to $60.00 and set a “buy” rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, KBR presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.25.

KBR Trading Down 1.0 %

Shares of NYSE KBR opened at $51.57 on Tuesday. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 0.86 and a beta of 0.73. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The company’s fifty day moving average is $50.56 and its 200-day moving average is $56.24.

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

KBR Increases Dividend

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

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.