State of New Jersey Common Pension Fund D Purchases 5,028 Shares of KBR, Inc. (NYSE:KBR)

State of New Jersey Common Pension Fund D grew its stake in KBR, Inc. (NYSE:KBR) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,415 shares of the construction company’s stock after acquiring an additional 5,028 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.05% of KBR worth $3,902,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Jennison Associates LLC increased its holdings in KBR by 7.0% in the 4th quarter. Jennison Associates LLC now owns 1,526,058 shares of the construction company’s stock worth $84,559,000 after buying an additional 99,196 shares in the last quarter. UBS Group AG raised its holdings in shares of KBR by 14.6% during the third quarter. UBS Group AG now owns 427,656 shares of the construction company’s stock valued at $25,206,000 after purchasing an additional 54,623 shares during the last quarter. Custom Index Systems LLC bought a new position in KBR during the fourth quarter valued at approximately $275,000. Strs Ohio boosted its holdings in KBR by 212.1% in the third quarter. Strs Ohio now owns 89,524 shares of the construction company’s stock worth $5,276,000 after purchasing an additional 60,840 shares during the last quarter. Finally, AXQ Capital LP boosted its holdings in KBR by 687.1% in the third quarter. AXQ Capital LP now owns 24,400 shares of the construction company’s stock worth $1,438,000 after purchasing an additional 21,300 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KBR has been the topic of several research reports. Citigroup raised their target price on KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. UBS Group dropped their target price on KBR from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. Stifel Nicolaus raised their target price on KBR from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday. KeyCorp raised their target price on KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Finally, Truist Financial raised their target price on KBR from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $73.43.

KBR Trading Up 0.1 %

Shares of KBR opened at $65.30 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05. The business has a 50-day simple moving average of $61.79 and a two-hundred day simple moving average of $56.95. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $65.87.

KBR (NYSE:KBR) last issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.78 billion. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 earnings per share. As a group, analysts predict that KBR, Inc. will post 3.19 earnings per share for the current year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a $0.15 dividend. This is a positive change from KBR’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. KBR’s dividend payout ratio is -29.27%.

Insider Transactions at KBR

In other news, EVP Jennifer Myles sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $58.95, for a total value of $471,600.00. Following the completion of the transaction, the executive vice president now owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.08% of the company’s stock.

KBR 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.