Strs Ohio Grows Holdings in KBR, Inc. (NYSE:KBR)

Strs Ohio increased its position in KBR, Inc. (NYSE:KBR) by 29.9% in the 4th quarter, HoldingsChannel reports. The fund owned 116,303 shares of the construction company’s stock after buying an additional 26,779 shares during the quarter. Strs Ohio’s holdings in KBR were worth $6,444,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fred Alger Management LLC purchased a new stake in KBR during the 3rd quarter valued at approximately $36,000. CWM LLC grew its holdings 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 buying an additional 433 shares in the last quarter. Belpointe Asset Management LLC grew its holdings in KBR by 35.5% during the 1st quarter. Belpointe Asset Management LLC now owns 871 shares of the construction company’s stock valued at $48,000 after buying an additional 228 shares in the last quarter. Atlas Capital Advisors LLC purchased a new stake in KBR during the 2nd quarter valued at approximately $53,000. Finally, International Assets Investment Management LLC purchased a new stake in KBR during the 4th quarter valued at approximately $64,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Price Performance

Shares of KBR opened at $62.20 on Thursday. The business has a fifty day moving average of $60.43 and a 200 day moving average of $56.69. KBR, Inc. has a 52-week low of $49.37 and a 52-week high of $65.87. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05.

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, hitting analysts’ consensus estimates of $0.69. The company had revenue of $1.73 billion during 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%. KBR’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. On average, research analysts predict that KBR, Inc. will post 3.2 EPS for the current fiscal year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were paid a $0.15 dividend. 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 0.96%. KBR’s dividend payout ratio (DPR) is presently -29.27%.

Insiders Place Their Bets

In other KBR news, EVP Jennifer Myles sold 8,000 shares of the 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 sale, the executive vice president now owns 38,524 shares in the company, valued at $2,270,989.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KBR shares. Citigroup increased their target price on KBR from $62.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, January 26th. KeyCorp increased their target price on KBR from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. StockNews.com upgraded KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. UBS Group lowered their target price on KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $80.00 target price (up from $78.00) on shares of KBR in a research report on Wednesday, March 13th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, KBR currently has a consensus rating of “Buy” and an average price target of $72.29.

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.