Dimensional Fund Advisors LP Cuts Stake in KBR, Inc. (NYSE:KBR)
Dimensional Fund Advisors LP lessened its stake in KBR, Inc. (NYSE:KBR) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,438,531 shares of the construction company’s stock after selling 344,420 shares during the quarter. Dimensional Fund Advisors LP owned 3.11% of KBR worth $137,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC increased its position in shares of KBR by 172.8% during the fourth quarter. Hsbc Holdings PLC now owns 50,303 shares of the construction company’s stock valued at $1,551,000 after acquiring an additional 31,865 shares in the last quarter. Aristotle Capital Boston LLC lifted its position in KBR by 49.8% in the 4th quarter. Aristotle Capital Boston LLC now owns 1,042,787 shares of the construction company’s stock valued at $32,253,000 after acquiring an additional 346,827 shares in the last quarter. Impactive Capital LP purchased a new stake in KBR during the 4th quarter valued at $73,894,000. Truist Financial Corp increased its holdings in shares of KBR by 68.7% in the 4th quarter. Truist Financial Corp now owns 27,062 shares of the construction company’s stock worth $838,000 after purchasing an additional 11,022 shares in the last quarter. Finally, SummerHaven Investment Management LLC purchased a new position in shares of KBR in the fourth quarter worth $597,000. 98.24% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on KBR shares. Credit Suisse Group increased their price objective on KBR from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, March 1st. Citigroup lifted their price target on shares of KBR from $37.00 to $38.00 in a research note on Tuesday, February 23rd. Truist Securities boosted their price objective on shares of KBR from $40.00 to $44.00 in a report on Friday, March 26th. Truist raised their target price on shares of KBR from $40.00 to $44.00 in a report on Friday, March 26th. Finally, UBS Group boosted their target price on shares of KBR from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, December 18th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $34.57.
KBR (NYSE:KBR) last released its earnings results on Sunday, February 21st. The construction company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. KBR had a positive return on equity of 13.98% and a negative net margin of 0.57%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the business earned $0.46 earnings per share. KBR’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, research analysts anticipate that KBR, Inc. will post 1.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Monday, April 5th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, April 1st. This represents a $0.44 annualized dividend and a dividend yield of 1.15%. This is an increase from KBR’s previous quarterly dividend of $0.10. KBR’s dividend payout ratio (DPR) is 26.04%.
In other KBR news, EVP Eileen Akerson sold 1,779 shares of the company’s stock in a transaction that occurred on Wednesday, March 31st. The shares were sold at an average price of $38.50, for a total value of $68,491.50. Following the completion of the transaction, the executive vice president now directly owns 85,556 shares in the company, valued at $3,293,906. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Douglas Nick Kelly sold 2,220 shares of the stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $32.55, for a total transaction of $72,261.00. Following the completion of the sale, the insider now directly owns 31,860 shares of the company’s stock, valued at $1,037,043. The disclosure for this sale can be found here. 0.97% of the stock is owned by insiders.
KBR Company Profile
KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company operates through three segments: Government Solutions, Technology Solutions, and Energy Solutions. 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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