Hennessy Advisors Inc. Has $36.83 Million Stock Holdings in KBR, Inc. (NYSE:KBR)

Hennessy Advisors Inc. decreased its stake in KBR, Inc. (NYSE:KBR) by 8.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 739,400 shares of the construction company’s stock after selling 72,300 shares during the period. KBR accounts for about 1.2% of Hennessy Advisors Inc.’s holdings, making the stock its 23rd biggest holding. Hennessy Advisors Inc.’s holdings in KBR were worth $36,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LRI Investments LLC acquired a new stake in shares of KBR in the fourth quarter valued at about $31,000. First Horizon Advisors Inc. bought a new stake in shares of KBR during the 4th quarter valued at about $32,000. GAMMA Investing LLC boosted its position in shares of KBR by 295.5% during the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company’s stock valued at $40,000 after purchasing an additional 594 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of KBR during the 1st quarter valued at about $47,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of KBR during the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Stock Down 0.6%

Shares of NYSE:KBR opened at $53.39 on Friday. KBR, Inc. has a 52-week low of $43.89 and a 52-week high of $72.60. 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 business’s 50 day simple moving average is $52.47 and its two-hundred day simple moving average is $53.88. The firm has a market cap of $6.93 billion, a P/E ratio of 22.43, a PEG ratio of 0.86 and a beta of 0.77.

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

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a $0.165 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.24%. KBR’s dividend payout ratio is presently 22.07%.

Analysts Set New Price Targets

KBR has been the topic of several research analyst reports. The Goldman Sachs Group lowered KBR from a “buy” rating to a “neutral” rating and set a $55.00 target price on the stock. in a research report on Tuesday, May 27th. KeyCorp upped their target price on KBR from $59.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. Wall Street Zen lowered KBR from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 7th. Citigroup cut 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. Finally, Truist Financial cut their price target on KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.57.

About KBR

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.