GSA Capital Partners LLP purchased a new position in shares of KBR, Inc. (NYSE:KBR – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 22,338 shares of the construction company’s stock, valued at approximately $898,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its stake in KBR by 1.5% during the 3rd quarter. Invesco Ltd. now owns 5,544,490 shares of the construction company’s stock worth $262,199,000 after buying an additional 79,258 shares during the period. Dimensional Fund Advisors LP raised its stake in KBR by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,550,767 shares of the construction company’s stock worth $120,621,000 after buying an additional 38,568 shares during the period. Snyder Capital Management L P raised its stake in KBR by 19.0% during the 3rd quarter. Snyder Capital Management L P now owns 2,462,418 shares of the construction company’s stock worth $116,448,000 after buying an additional 392,725 shares during the period. Neuberger Berman Group LLC raised its stake in KBR by 9.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,302,468 shares of the construction company’s stock worth $108,850,000 after buying an additional 191,382 shares during the period. Finally, Van ECK Associates Corp raised its stake in KBR by 4.7% during the 3rd quarter. Van ECK Associates Corp now owns 2,133,428 shares of the construction company’s stock worth $100,890,000 after buying an additional 96,188 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.
KBR Stock Performance
Shares of KBR stock opened at $33.47 on Friday. The company has a market cap of $4.24 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 1.90 and a beta of 0.47. KBR, Inc. has a 52 week low of $29.94 and a 52 week high of $54.38. The business has a 50 day moving average price of $35.66 and a 200-day moving average price of $39.82. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.59.
KBR Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, June 15th. KBR’s dividend payout ratio (DPR) is presently 21.09%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. Zacks Research raised KBR from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Wall Street Zen downgraded KBR from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Citigroup lowered their price objective on KBR from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. UBS Group lowered their price objective on KBR from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Weiss Ratings downgraded KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $53.44.
Insiders Place Their Bets
In other KBR news, Director Carlos A. Sabater purchased 14,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average cost of $32.47 per share, with a total value of $470,815.00. Following the completion of the transaction, the director owned 35,705 shares of the company’s stock, valued at $1,159,341.35. The trade was a 68.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Shad E. Evans purchased 8,375 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of $30.60 per share, with a total value of $256,275.00. Following the completion of the transaction, the chief financial officer directly owned 43,725 shares of the company’s stock, valued at $1,337,985. The trade was a 23.69% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 29,875 shares of company stock valued at $945,160. Insiders own 1.15% of the company’s stock.
KBR Company Profile
KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.
The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.
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