Squarepoint Ops LLC Buys 16,148 Shares of KBR, Inc. (NYSE:KBR)

Squarepoint Ops LLC increased its stake in shares of KBR, Inc. (NYSE:KBR) by 9.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 182,646 shares of the construction company’s stock after purchasing an additional 16,148 shares during the period. Squarepoint Ops LLC’s holdings in KBR were worth $10,581,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its position in shares of KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after buying an additional 175 shares during the period. LRI Investments LLC bought a new stake in KBR during the 4th quarter worth approximately $31,000. First Horizon Advisors Inc. purchased a new stake in KBR in the 4th quarter worth approximately $32,000. Wilmington Savings Fund Society FSB bought a new position in KBR in the 4th quarter valued at $68,000. Finally, Venturi Wealth Management LLC grew its position in shares of KBR by 507.2% during 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 in the last quarter. Institutional investors own 97.02% of the company’s stock.

Insider Activity at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the sale, the insider now directly owns 63,533 shares in the company, valued at $3,214,134.47. This represents a 23.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.11% of the stock is owned by insiders.

KBR Price Performance

KBR opened at $52.38 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $6.80 billion, a P/E ratio of 22.01, a PEG ratio of 0.86 and a beta of 0.83. The stock has a 50-day moving average price of $51.80 and a 200-day moving average price of $55.23. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60.

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

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.26%. KBR’s dividend payout ratio (DPR) is 22.07%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KBR. Truist Financial lowered their price objective on KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Citigroup lowered their price target on KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a report on Friday, April 25th. KeyCorp boosted their price objective on KBR from $59.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group lowered their target price 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.86.

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.