Susquehanna Fundamental Investments LLC Acquires New Holdings in KBR, Inc. (NYSE:KBR)

Susquehanna Fundamental Investments LLC bought a new position in shares of KBR, Inc. (NYSE:KBR) in the fourth quarter, Holdings Channel reports. The firm bought 199,580 shares of the construction company’s stock, valued at approximately $11,562,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intrinsic Edge Capital Management LLC bought a new stake in shares of KBR during the 4th quarter worth $4,921,000. Coldstream Capital Management Inc. lifted its position in KBR by 5.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 38,053 shares of the construction company’s stock worth $2,204,000 after acquiring an additional 1,993 shares during the last quarter. Two Sigma Securities LLC bought a new stake in KBR during the fourth quarter valued at about $202,000. Pinebridge Investments L.P. grew its position in shares of KBR by 42.2% in the fourth quarter. Pinebridge Investments L.P. now owns 54,223 shares of the construction company’s stock valued at $3,141,000 after purchasing an additional 16,086 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of KBR by 21.6% in the fourth quarter. Hsbc Holdings PLC now owns 16,539 shares of the construction company’s stock worth $958,000 after purchasing an additional 2,933 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Stock Performance

NYSE KBR opened at $53.05 on Friday. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a market cap of $6.88 billion, a P/E ratio of 22.29, a PEG ratio of 0.86 and a beta of 0.73. The company’s 50-day simple moving average is $50.22 and its 200 day simple moving average is $57.01.

KBR (NYSE:KBR) last released its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. As a group, research analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal 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 dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.24%. KBR’s dividend payout ratio (DPR) is presently 23.57%.

Insider Transactions at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now directly owns 63,533 shares of the company’s stock, valued at $3,214,134.47. The trade was a 23.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.11% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KBR has been the topic of a number of research analyst reports. Citigroup lowered their target price on KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a report on Friday. TD Cowen reduced their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. KeyCorp dropped their price objective on shares of KBR from $67.00 to $59.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group cut their price objective 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. Finally, Truist Financial decreased their target price on KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.25.

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.