DekaBank Deutsche Girozentrale Lowers Stock Holdings in KBR, Inc. (NYSE:KBR)

DekaBank Deutsche Girozentrale trimmed its stake in KBR, Inc. (NYSE:KBR) by 63.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 787 shares of the construction company’s stock after selling 1,378 shares during the period. DekaBank Deutsche Girozentrale’s holdings in KBR were worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in KBR. Norges Bank purchased a new stake in KBR in the 4th quarter valued at about $84,561,000. Arrowstreet Capital Limited Partnership boosted its position in KBR by 9,478.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,303,373 shares of the construction company’s stock valued at $71,334,000 after buying an additional 1,289,765 shares during the period. Alyeska Investment Group L.P. raised its holdings in shares of KBR by 8,845.0% in the 1st quarter. Alyeska Investment Group L.P. now owns 813,372 shares of the construction company’s stock valued at $44,776,000 after purchasing an additional 804,279 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of KBR by 1,313.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 463,087 shares of the construction company’s stock valued at $27,294,000 after purchasing an additional 430,318 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of KBR by 344.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 545,554 shares of the construction company’s stock valued at $32,155,000 after purchasing an additional 422,856 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Truist Financial boosted their price target on shares of KBR from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. StockNews.com upgraded shares of KBR from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Stifel Nicolaus restated a “buy” rating and issued a $80.00 price target (up previously from $78.00) on shares of KBR in a report on Wednesday, March 13th. KeyCorp boosted their price target on shares of KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Finally, UBS Group reduced their price objective on shares of KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $72.29.

KBR Trading Up 0.4 %

Shares of KBR stock opened at $62.20 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.29. KBR, Inc. has a 12-month low of $49.37 and a 12-month high of $65.87. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of -30.34, a PEG ratio of 1.30 and a beta of 0.95. The firm’s 50 day simple moving average is $60.43 and its two-hundred day simple moving average is $56.69.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.69. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the business posted $0.69 EPS. KBR’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts predict that KBR, Inc. will post 3.2 EPS for the current year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were issued a $0.15 dividend. This is an increase from KBR’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, March 14th. KBR’s dividend payout ratio is -29.27%.

Insider Activity

In other news, EVP Jennifer Myles sold 8,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total value of $471,600.00. Following the sale, the executive vice president now directly owns 38,524 shares of the company’s stock, valued at approximately $2,270,989.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.08% of the company’s stock.

KBR 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.