KBR, Inc. (NYSE:KBR) Shares Acquired by Jacobs Levy Equity Management Inc.
by Doug Wharley · The Cerbat GemJacobs Levy Equity Management Inc. grew its holdings in shares of KBR, Inc. (NYSE:KBR – Free Report) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,218,482 shares of the construction company’s stock after buying an additional 218,327 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in KBR were worth $128,517,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in KBR. Hudson Way Capital Management LLC raised its position in shares of KBR by 128.3% during the 4th quarter. Hudson Way Capital Management LLC now owns 1,053,710 shares of the construction company’s stock worth $61,041,000 after buying an additional 592,063 shares in the last quarter. Gotham Asset Management LLC lifted its holdings in shares of KBR by 85.7% during the fourth quarter. Gotham Asset Management LLC now owns 261,621 shares of the construction company’s stock valued at $15,156,000 after purchasing an additional 120,728 shares during the last quarter. Eisler Capital Management Ltd. acquired a new position in shares of KBR in the fourth quarter worth about $20,162,000. Engine Capital Management LP lifted its position in shares of KBR by 27.7% in the 4th quarter. Engine Capital Management LP now owns 315,798 shares of the construction company’s stock valued at $18,294,000 after acquiring an additional 68,500 shares in the last quarter. Finally, Ethic Inc. raised its stake in KBR by 28.0% during the 4th quarter. Ethic Inc. now owns 9,137 shares of the construction company’s stock valued at $529,000 after purchasing an additional 1,998 shares during the period. 97.02% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Truist Financial lowered 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. Citigroup decreased their target price on KBR from $77.00 to $69.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, KeyCorp upped their target price on shares of KBR from $59.00 to $63.00 and gave the company an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.86.
Insiders Place Their Bets
In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the business’s 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 transaction, the insider now owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.11% of the company’s stock.
KBR Stock Up 0.7 %
NYSE:KBR opened at $55.23 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 cap of $7.17 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 0.86 and a beta of 0.83. The stock has a 50-day moving average price of $51.03 and a two-hundred day moving average price of $55.92. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60.
KBR (NYSE:KBR – Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10. The company had revenue of $2.06 billion for 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%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company earned $0.77 earnings per share. As a group, equities analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.
KBR Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were issued a $0.165 dividend. This is an increase from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Friday, March 14th. KBR’s payout ratio is currently 23.57%.
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.
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