Raymond James Financial Inc. Invests $4.64 Million in KBR, Inc. (NYSE:KBR)

Raymond James Financial Inc. bought a new position in shares of KBR, Inc. (NYSE:KBR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 80,112 shares of the construction company’s stock, valued at approximately $4,641,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in shares of KBR during the 3rd quarter valued at $26,000. UMB Bank n.a. grew its holdings in KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after acquiring an additional 175 shares during the period. First Horizon Advisors Inc. bought a new stake in KBR in the fourth quarter worth about $32,000. Wilmington Savings Fund Society FSB acquired a new stake in KBR in the 4th quarter valued at about $68,000. Finally, Venturi Wealth Management LLC boosted its position in shares of KBR by 507.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock valued at $93,000 after purchasing an additional 1,339 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on KBR shares. Citigroup dropped their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. KeyCorp dropped their price target on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. TD Cowen reduced their price objective on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group cut their target price on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, KBR currently has an average rating of “Moderate Buy” and an average target price of $75.88.

KBR Price Performance

Shares of NYSE:KBR opened at $51.51 on Wednesday. The company has a market cap of $6.82 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86. The company’s fifty day moving average is $52.85 and its two-hundred day moving average is $59.39. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 12-month low of $47.16 and a 12-month high of $72.60.

KBR (NYSE:KBR) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. Equities analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. This is a boost from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, March 14th. KBR’s payout ratio is currently 23.57%.

Insider Transactions at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the sale, the insider now directly owns 63,533 shares in the company, valued at $3,214,134.47. The trade was a 23.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.08% of the stock is currently owned by company insiders.

About KBR

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.