Teachers Retirement System of The State of Kentucky Has $4.53 Million Position in KBR, Inc. (NYSE:KBR)

Teachers Retirement System of The State of Kentucky boosted its position in KBR, Inc. (NYSE:KBR) by 21.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,144 shares of the construction company’s stock after purchasing an additional 12,792 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in KBR were worth $4,529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of KBR by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock valued at $722,823,000 after buying an additional 52,679 shares during the period. Franklin Resources Inc. grew its stake in KBR by 12.1% during the fourth quarter. Franklin Resources Inc. now owns 3,084,559 shares of the construction company’s stock worth $170,915,000 after purchasing an additional 331,749 shares during the period. Jennison Associates LLC grew its stake in KBR by 7.0% during the fourth quarter. Jennison Associates LLC now owns 1,526,058 shares of the construction company’s stock worth $84,559,000 after purchasing an additional 99,196 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in KBR by 359.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock worth $93,431,000 after purchasing an additional 1,148,503 shares during the period. Finally, Norges Bank bought a new position in KBR in the fourth quarter worth approximately $77,193,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Stock Down 1.0 %

Shares of KBR stock traded down $0.63 during trading hours on Friday, reaching $65.31. The company had a trading volume of 833,575 shares, compared to its average volume of 1,063,676. KBR, Inc. has a 12 month low of $49.37 and a 12 month high of $69.37. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. The business has a fifty day simple moving average of $64.90 and a 200-day simple moving average of $62.10. The company has a market cap of $8.69 billion, a price-to-earnings ratio of -34.03, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. KBR had a return on equity of 27.92% and a net margin of 2.77%. KBR’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $0.67 earnings per share. On average, research analysts expect that KBR, Inc. will post 3.24 earnings per share for the current fiscal year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, June 17th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Monday, June 17th. KBR’s payout ratio is -31.25%.

Insider Activity at KBR

In related news, EVP Sonia Galindo sold 4,660 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $66.00, for a total transaction of $307,560.00. Following the completion of the sale, the executive vice president now directly owns 21,409 shares of the company’s stock, valued at $1,412,994. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on KBR. Citigroup increased their price target on KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. StockNews.com upgraded KBR from a “buy” rating to a “strong-buy” rating in a report on Thursday. UBS Group increased their price target on KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. DA Davidson reiterated a “buy” rating and issued a $78.00 price target on shares of KBR in a report on Tuesday, June 25th. Finally, Truist Financial increased their price target on KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $76.00.

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.