Corbyn Investment Management Inc. MD Lowers Holdings in KBR, Inc. (NYSE:KBR)

Corbyn Investment Management Inc. MD decreased its stake in shares of KBR, Inc. (NYSE:KBR) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 291,948 shares of the construction company’s stock after selling 948 shares during the period. KBR comprises 7.6% of Corbyn Investment Management Inc. MD’s portfolio, making the stock its 2nd largest holding. Corbyn Investment Management Inc. MD owned about 0.22% of KBR worth $16,177,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KBR. CWM LLC increased its stake in shares of KBR by 113.6% in the third quarter. CWM LLC now owns 814 shares of the construction company’s stock worth $48,000 after purchasing an additional 433 shares in the last quarter. Ronald Blue Trust Inc. grew its position in KBR by 91.4% in the third quarter. Ronald Blue Trust Inc. now owns 1,064 shares of the construction company’s stock worth $69,000 after acquiring an additional 508 shares in the last quarter. International Assets Investment Management LLC bought a new stake in KBR in the fourth quarter worth $64,000. Anchor Investment Management LLC bought a new stake in shares of KBR in the 4th quarter worth about $69,000. Finally, Arlington Trust Co LLC bought a new position in shares of KBR during the fourth quarter valued at approximately $94,000. Institutional investors own 97.02% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Jennifer Myles sold 8,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the transaction, 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 SEC, which is available through this hyperlink. Corporate insiders own 1.08% of the company’s stock.

KBR Stock Performance

NYSE KBR traded up $0.54 on Friday, hitting $65.78. The stock had a trading volume of 306,218 shares, compared to its average volume of 1,285,558. KBR, Inc. has a 52-week low of $49.37 and a 52-week high of $65.87. The business’s fifty day moving average price is $61.59 and its 200 day moving average price is $56.92. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05.

KBR (NYSE:KBR) last announced its earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.78 billion. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 EPS. Sell-side analysts anticipate that KBR, Inc. will post 3.19 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were paid 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 dividend on an annualized basis and a yield of 0.91%. KBR’s dividend payout ratio is presently -29.27%.

Analyst Upgrades and Downgrades

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

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.