Mutual of America Capital Management LLC Sells 21,407 Shares of KBR, Inc. (NYSE:KBR)

Mutual of America Capital Management LLC trimmed its position in KBR, Inc. (NYSE:KBR) by 10.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 188,698 shares of the construction company’s stock after selling 21,407 shares during the period. Mutual of America Capital Management LLC owned approximately 0.14% of KBR worth $12,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of KBR. Norges Bank acquired a new position in KBR during the 4th quarter worth approximately $77,193,000. Freshford Capital Management LLC grew its position in KBR by 55.5% in the fourth quarter. Freshford Capital Management LLC now owns 966,610 shares of the construction company’s stock valued at $53,560,000 after purchasing an additional 344,800 shares in the last quarter. Franklin Resources Inc. increased its stake in KBR by 12.1% in the 4th quarter. Franklin Resources Inc. now owns 3,084,559 shares of the construction company’s stock valued at $170,915,000 after buying an additional 331,749 shares during the last quarter. Onex Canada Asset Management Inc. bought a new stake in KBR during the 4th quarter worth about $11,742,000. Finally, Van ECK Associates Corp boosted its stake in shares of KBR by 294.2% during the 1st quarter. Van ECK Associates Corp now owns 282,343 shares of the construction company’s stock worth $17,974,000 after buying an additional 210,717 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup upped their target price on KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Stifel Nicolaus increased their price objective on KBR from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, May 9th. DA Davidson restated a “buy” rating and set a $78.00 target price on shares of KBR in a report on Tuesday, June 25th. StockNews.com upgraded shares of KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Finally, Truist Financial boosted their price objective on shares of KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $76.00.

KBR Stock Performance

KBR stock traded down $0.51 during mid-day trading on Tuesday, hitting $62.97. 183,277 shares of the company were exchanged, compared to its average volume of 1,191,586. KBR, Inc. has a 1-year low of $49.37 and a 1-year high of $68.68. The business has a 50 day simple moving average of $64.93 and a 200-day simple moving average of $60.66. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.30.

KBR (NYSE:KBR) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.07. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. KBR had a positive return on equity of 26.14% and a negative net margin of 3.65%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $0.67 EPS. Equities analysts expect that KBR, Inc. will post 3.21 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Monday, June 17th. KBR’s dividend payout ratio (DPR) is -31.25%.

Insider Buying and Selling at KBR

In other KBR news, EVP Sonia Galindo sold 4,660 shares of KBR stock in a transaction on Monday, May 20th. The stock was sold at an average price of $66.00, for a total value of $307,560.00. Following the completion of the transaction, the executive vice president now directly owns 21,409 shares of the company’s stock, valued at approximately $1,412,994. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.08% of the company’s stock.

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.