KBR, Inc. (KBR) Shares Bought by BlackRock Inc.

BlackRock Inc. increased its stake in shares of KBR, Inc. (NYSE:KBR) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,142,470 shares of the construction company’s stock after buying an additional 508,917 shares during the period. BlackRock Inc. owned about 11.46% of KBR worth $245,041,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in KBR. Retirement Systems of Alabama lifted its holdings in shares of KBR by 0.5% in the fourth quarter. Retirement Systems of Alabama now owns 182,654 shares of the construction company’s stock valued at $2,773,000 after purchasing an additional 828 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of KBR by 2.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 56,351 shares of the construction company’s stock valued at $855,000 after purchasing an additional 1,188 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of KBR by 1.2% in the fourth quarter. Arizona State Retirement System now owns 101,114 shares of the construction company’s stock valued at $1,535,000 after purchasing an additional 1,211 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of KBR by 4.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 57,865 shares of the construction company’s stock valued at $878,000 after purchasing an additional 2,200 shares in the last quarter. Finally, United Services Automobile Association lifted its holdings in shares of KBR by 2.1% in the third quarter. United Services Automobile Association now owns 142,005 shares of the construction company’s stock valued at $3,001,000 after purchasing an additional 2,899 shares in the last quarter. 97.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KBR opened at $19.05 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72. The company has a market cap of $2.67 billion, a P/E ratio of 12.45, a PEG ratio of 1.35 and a beta of 1.46. KBR, Inc. has a 1 year low of $13.90 and a 1 year high of $22.22.

KBR (NYSE:KBR) last announced its quarterly earnings data on Tuesday, February 26th. The construction company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.24 billion. KBR had a net margin of 5.72% and a return on equity of 13.06%. The company’s quarterly revenue was up 43.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. On average, equities analysts predict that KBR, Inc. will post 1.66 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Thursday, March 14th. KBR’s payout ratio is 20.92%.

Several analysts have issued reports on the stock. Cowen set a $23.00 price target on shares of KBR and gave the company a “hold” rating in a report on Tuesday, February 26th. Drexel Hamilton reaffirmed a “buy” rating and issued a $22.00 price target on shares of KBR in a report on Wednesday, February 27th. Zacks Investment Research raised shares of KBR from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Monday, January 21st. ValuEngine raised shares of KBR from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Deutsche Bank downgraded shares of KBR from a “buy” rating to a “hold” rating in a report on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. KBR currently has a consensus rating of “Hold” and a consensus price target of $22.60.

In related news, insider John Derbyshire sold 5,460 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $19.95, for a total transaction of $108,927.00. Following the transaction, the insider now owns 74,570 shares of the company’s stock, valued at $1,487,671.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Farhan Mujib sold 2,496 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $20.00, for a total transaction of $49,920.00. Following the transaction, the insider now directly owns 138,576 shares in the company, valued at approximately $2,771,520. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

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KBR Profile

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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