Zurcher Kantonalbank Zurich Cantonalbank Increases Position in KBR, Inc. (NYSE:KBR)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of KBR, Inc. (NYSE:KBR) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,159 shares of the construction company’s stock after purchasing an additional 3,300 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in KBR were worth $1,671,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of KBR. CWM LLC boosted its stake in KBR by 113.6% during the 3rd quarter. CWM LLC now owns 814 shares of the construction company’s stock valued at $48,000 after acquiring an additional 433 shares during the last quarter. International Assets Investment Management LLC bought a new stake in KBR in the fourth quarter valued at about $64,000. Anchor Investment Management LLC bought a new stake in KBR in the fourth quarter valued at about $69,000. Arlington Trust Co LLC acquired a new stake in KBR during the fourth quarter valued at approximately $94,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of KBR in the 3rd quarter worth approximately $128,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KBR shares. Citigroup upped their price target on KBR from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Monday. StockNews.com upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Stifel Nicolaus increased their price objective on shares of KBR from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday. Truist Financial lifted their target price on KBR from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Finally, UBS Group cut their price target on KBR from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $73.43.

KBR Trading Up 0.3 %

KBR stock opened at $64.38 on Thursday. KBR, Inc. has a 12-month low of $49.37 and a 12-month high of $65.87. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $8.67 billion, a PE ratio of -31.40, a price-to-earnings-growth ratio of 1.34 and a beta of 0.95. The firm has a 50 day simple moving average of $61.39 and a 200-day simple moving average of $56.87.

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 positive return on equity of 25.08% and a negative net margin of 3.81%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the company posted $0.69 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts expect that KBR, Inc. will post 3.19 EPS for the current fiscal 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 given a dividend of $0.15 per share. This is a positive change from KBR’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. KBR’s dividend payout ratio (DPR) is -29.27%.

Insider Transactions at KBR

In related news, EVP Jennifer Myles sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total transaction of $471,600.00. Following the completion of the sale, the executive vice president now directly owns 38,524 shares in the company, valued at $2,270,989.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.08% of the company’s stock.

About KBR

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.