Russell Investments Group Ltd. Sells 15,465 Shares of KBR, Inc. (NYSE:KBR)

Posted by Defense World Staff on Aug 15th, 2023

Russell Investments Group Ltd. lowered its stake in shares of KBR, Inc. (NYSE:KBR – Free Report) by 4.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 372,162 shares of the construction company’s stock after selling 15,465 shares during the quarter. Russell Investments Group Ltd. owned 0.27% of KBR worth $20,486,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KBR. Raymond James Financial Services Advisors Inc. increased its position in shares of KBR by 16.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 11,008 shares of the construction company’s stock valued at $602,000 after purchasing an additional 1,540 shares during the last quarter. Natixis Advisors L.P. increased its position in shares of KBR by 71.7% during the 1st quarter. Natixis Advisors L.P. now owns 34,270 shares of the construction company’s stock valued at $1,876,000 after purchasing an additional 14,308 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of KBR by 10.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 79,664 shares of the construction company’s stock valued at $4,488,000 after purchasing an additional 7,244 shares during the last quarter. Synovus Financial Corp increased its position in shares of KBR by 11.3% during the 1st quarter. Synovus Financial Corp now owns 25,239 shares of the construction company’s stock valued at $1,384,000 after purchasing an additional 2,563 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in KBR by 103.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,920 shares of the construction company’s stock valued at $105,000 after acquiring an additional 974 shares during the last quarter.

KBR Price Performance

Shares of NYSE KBR opened at $61.53 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.05 and a current ratio of 1.05. KBR, Inc. has a 1-year low of $41.96 and a 1-year high of $65.87. The business has a fifty day moving average price of $63.50 and a 200 day moving average price of $58.31.

KBR (NYSE:KBR – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. KBR had a positive return on equity of 24.94% and a negative net margin of 1.46%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. Research analysts anticipate that KBR, Inc. will post 2.9 earnings per share for the current fiscal year.

KBR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 15th were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Wednesday, June 14th. KBR’s dividend payout ratio (DPR) is currently -58.06%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KBR. TheStreet downgraded KBR from a “b+” rating to a “c” rating in a research report on Thursday, July 27th. DA Davidson upped their price objective on KBR from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, July 31st. StockNews.com raised KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Citigroup upped their price objective on KBR from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, July 24th. Finally, Stifel Nicolaus upped their price objective on KBR from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, July 18th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KBR presently has a consensus rating of “Buy” and an average target price of $69.43.

View Our Latest Stock Analysis on KBR

Insider Buying and Selling

In related news, EVP Jennifer Myles sold 480 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $65.32, for a total transaction of $31,353.60. Following the completion of the sale, the executive vice president now directly owns 14,520 shares in the company, valued at approximately $948,446.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Stuart Bradie sold 119,889 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $61.21, for a total transaction of $7,338,405.69. Following the transaction, the chief executive officer now directly owns 669,639 shares of the company’s stock, valued at approximately $40,988,603.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jennifer Myles sold 480 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $65.32, for a total value of $31,353.60. Following the transaction, the executive vice president now directly owns 14,520 shares in the company, valued at $948,446.40. The disclosure for this sale can be found here. Insiders sold 143,656 shares of company stock worth $8,778,690 in the last three months. 1.03% of the stock is owned by insiders.

About KBR

(Free Report)

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company 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.