Corebridge Financial Inc. Has $8.74 Million Stock Holdings in KBR, Inc. (NYSE:KBR)

Corebridge Financial Inc. decreased its holdings in shares of KBR, Inc. (NYSE:KBR) by 4.2% in the 4th quarter, HoldingsChannel reports. The firm owned 150,897 shares of the construction company’s stock after selling 6,576 shares during the period. Corebridge Financial Inc.’s holdings in KBR were worth $8,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of KBR. Vanguard Group Inc. raised its stake in KBR by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company’s stock worth $740,951,000 after purchasing an additional 68,588 shares in the last quarter. State Street Corp boosted its stake in shares of KBR by 0.7% in the 3rd quarter. State Street Corp now owns 4,016,324 shares of the construction company’s stock valued at $262,185,000 after purchasing an additional 29,833 shares in the last quarter. Boston Partners grew its stake in shares of KBR by 12,326.4% during the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock worth $188,098,000 after buying an additional 3,216,323 shares during the last quarter. Bank of New York Mellon Corp grew its position in KBR by 87.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock worth $162,503,000 after acquiring an additional 1,307,033 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of KBR by 14.5% during the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after purchasing an additional 305,889 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. KeyCorp decreased their price objective on KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Citigroup dropped their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. TD Cowen cut their price target on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group reduced their price objective on shares of KBR from $75.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.88.

KBR Stock Performance

Shares of KBR stock opened at $51.14 on Friday. KBR, Inc. has a 12 month low of $47.16 and a 12 month high of $72.60. The firm has a market capitalization of $6.63 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86. The business’s fifty day simple moving average is $52.50 and its 200 day simple moving average is $59.27. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. As a group, analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a $0.165 dividend. The ex-dividend date is Friday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.29%. KBR’s dividend payout ratio (DPR) is 23.57%.

Insider Transactions at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.08% of the company’s stock.

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.