Fort Washington Investment Advisors Inc. OH increased its position in shares of KBR, Inc. (NYSE:KBR – Free Report) by 18.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 555,526 shares of the construction company’s stock after acquiring an additional 88,270 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in KBR were worth $20,477,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada boosted its stake in KBR by 11.2% in the 1st quarter. Royal Bank of Canada now owns 81,779 shares of the construction company’s stock worth $4,073,000 after purchasing an additional 8,243 shares during the period. Goldman Sachs Group Inc. grew its position in KBR by 50.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 627,321 shares of the construction company’s stock worth $31,247,000 after purchasing an additional 211,311 shares in the last quarter. Empowered Funds LLC acquired a new stake in KBR during the 1st quarter valued at $349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of KBR by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 395,574 shares of the construction company’s stock valued at $19,704,000 after purchasing an additional 23,738 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of KBR by 97.1% in the second quarter. American Century Companies Inc. now owns 46,592 shares of the construction company’s stock valued at $2,234,000 after purchasing an additional 22,957 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.
KBR Trading Up 0.0%
Shares of NYSE:KBR opened at $33.37 on Monday. The firm has a fifty day moving average of $34.23 and a two-hundred day moving average of $38.47. 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, Inc. has a 12-month low of $29.94 and a 12-month high of $52.23. The firm has a market capitalization of $4.23 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.98 and a beta of 0.44.
KBR Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, June 15th. KBR’s dividend payout ratio is presently 21.09%.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. Zacks Research raised KBR from a “strong sell” rating to a “hold” rating in a research report 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. Weiss Ratings restated a “sell (d+)” rating on shares of KBR in a research report on Wednesday. Citigroup lowered their target price on KBR from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company dropped their target price on KBR from $45.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.25.
View Our Latest Stock Report on KBR
Insider Transactions at KBR
In other news, CFO Shad E. Evans purchased 8,375 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $30.60 per share, with a total value of $256,275.00. Following the purchase, the chief financial officer directly owned 43,725 shares of the company’s stock, valued at approximately $1,337,985. This trade represents a 23.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Carlos A. Sabater purchased 14,500 shares of KBR stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average price of $32.47 per share, with a total value of $470,815.00. Following the completion of the acquisition, the director owned 35,705 shares in the company, valued at $1,159,341.35. The trade was a 68.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 29,875 shares of company stock valued at $945,160. 1.15% of the stock is currently owned by company insiders.
KBR 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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