Centiva Capital LP Acquires 18,982 Shares of KBR, Inc. (NYSE:KBR)

Centiva Capital LP grew its stake in KBR, Inc. (NYSE:KBR) by 75.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,071 shares of the construction company’s stock after purchasing an additional 18,982 shares during the period. Centiva Capital LP’s holdings in KBR were worth $2,553,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Boston Partners boosted its holdings in KBR by 12,326.4% during the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock valued at $188,098,000 after acquiring an additional 3,216,323 shares during the period. Norges Bank bought a new position in shares of KBR in the fourth quarter worth about $104,033,000. Bank of New York Mellon Corp increased its stake in KBR by 87.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock worth $162,503,000 after buying an additional 1,307,033 shares during the period. Wellington Management Group LLP lifted its holdings in KBR by 240.2% during the 4th quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company’s stock valued at $95,776,000 after buying an additional 1,167,282 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in KBR by 444.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company’s stock valued at $72,268,000 after buying an additional 1,018,539 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Insiders Place Their Bets

In other news, insider Gregory Sean Conlon sold 19,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the sale, the insider now directly owns 63,533 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.11% of the company’s stock.

KBR Stock Performance

Shares of KBR stock opened at $54.11 on Wednesday. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. The company has a market capitalization of $7.02 billion, a PE ratio of 22.74, a P/E/G ratio of 0.86 and a beta of 0.83. 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 has a 50-day simple moving average of $50.67 and a two-hundred day simple moving average of $56.22.

KBR (NYSE:KBR) last announced its earnings results on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.10. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.09 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. KBR’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $0.77 earnings per share. Research analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The firm 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 is a boost from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.22%. KBR’s dividend payout ratio (DPR) is 23.57%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KBR shares. Truist Financial reduced their target price on shares of KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group decreased their target price on KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. KeyCorp dropped 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. Citigroup decreased their price objective on KBR from $77.00 to $69.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, TD Cowen dropped their target price 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. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, KBR presently has a consensus rating of “Moderate Buy” and an average target price of $70.25.

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.