Teacher Retirement System of Texas Grows Stake in KBR, Inc. (NYSE:KBR)

Teacher Retirement System of Texas increased its holdings in shares of KBR, Inc. (NYSE:KBR) by 113.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 66,627 shares of the construction company’s stock after acquiring an additional 35,411 shares during the quarter. Teacher Retirement System of Texas’ holdings in KBR were worth $3,860,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

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

KBR Price Performance

Shares of NYSE KBR opened at $51.36 on Tuesday. The stock has a fifty day moving average price of $53.00 and a 200 day moving average price of $59.46. KBR, Inc. has a 1-year low of $47.16 and a 1-year high of $72.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $6.80 billion, a PE ratio of 21.58, a P/E/G ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR) last released its earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. Sell-side analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

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

Insider Buying and Selling at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the completion of the transaction, the insider now directly owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.08% of the stock is owned by corporate insiders.

KBR Company 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.