Mitsubishi UFJ Asset Management Co. Ltd. raised its position in KBR, Inc. (NYSE:KBR – Free Report) by 95.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 99,648 shares of the construction company’s stock after acquiring an additional 48,555 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.08% of KBR worth $4,037,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of KBR. Farther Finance Advisors LLC lifted its stake in KBR by 89.8% in the 4th quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock valued at $25,000 after acquiring an additional 289 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in KBR by 207.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock valued at $28,000 after acquiring an additional 401 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in KBR by 432.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after acquiring an additional 493 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in KBR in the 3rd quarter valued at approximately $32,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of KBR by 101,600.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,017 shares of the construction company’s stock worth $48,000 after purchasing an additional 1,016 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.
KBR Stock Down 0.2%
KBR stock opened at $32.47 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $4.12 billion, a PE ratio of 10.37, a PEG ratio of 1.92 and a beta of 0.47. KBR, Inc. has a 1-year low of $31.56 and a 1-year high of $56.78. The business’s 50 day simple moving average is $37.15 and its 200 day simple moving average is $40.52.
KBR Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th were given a dividend of $0.165 per share. The ex-dividend date was Friday, March 13th. This represents a $0.66 annualized dividend and a yield of 2.0%. KBR’s dividend payout ratio (DPR) is presently 21.09%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on KBR shares. Zacks Research upgraded KBR from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Wells Fargo & Company dropped their price objective on KBR from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, April 13th. Wall Street Zen cut KBR from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Weiss Ratings cut KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. Finally, Citigroup dropped their price objective on KBR from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.44.
Get Our Latest Stock Report on KBR
KBR Profile
KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.
The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.
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