KBR, Inc. $KBR Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its position in shares of KBR, Inc. (NYSE:KBR) by 22.3% during the second quarter, Holdings Channel reports. The firm owned 61,821 shares of the construction company’s stock after selling 17,723 shares during the quarter. Mackenzie Financial Corp’s holdings in KBR were worth $2,964,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cetera Investment Advisers grew its stake in KBR by 22.1% during the 1st quarter. Cetera Investment Advisers now owns 8,453 shares of the construction company’s stock worth $421,000 after buying an additional 1,531 shares during the last quarter. XTX Topco Ltd lifted its stake in KBR by 122.5% in the first quarter. XTX Topco Ltd now owns 10,655 shares of the construction company’s stock valued at $531,000 after buying an additional 5,866 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of KBR by 13.0% in the first quarter. Natixis Advisors LLC now owns 36,596 shares of the construction company’s stock valued at $1,823,000 after acquiring an additional 4,217 shares during the period. US Bancorp DE grew its position in shares of KBR by 13.5% during the first quarter. US Bancorp DE now owns 2,260 shares of the construction company’s stock worth $113,000 after acquiring an additional 268 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of KBR by 2.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 859,868 shares of the construction company’s stock valued at $42,830,000 after acquiring an additional 17,852 shares during the period. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Stock Up 2.0%

KBR stock opened at $44.65 on Friday. KBR, Inc. has a fifty-two week low of $39.61 and a fifty-two week high of $61.20. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 1.18 and a beta of 0.54. The stock’s fifty day moving average is $43.40 and its two-hundred day moving average is $47.44. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.18 and a current ratio of 1.18.

KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.07. KBR had a net margin of 4.71% and a return on equity of 35.14%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the company posted $0.84 EPS. The company’s revenue was down .3% on a year-over-year basis. Analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.5%. KBR’s payout ratio is currently 22.68%.

Analyst Upgrades and Downgrades

KBR has been the subject of several recent research reports. Wall Street Zen downgraded shares of KBR from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Bank of America dropped their price target on KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Truist Financial set a $62.00 price objective on KBR in a research report on Thursday, October 30th. Wells Fargo & Company assumed coverage on KBR in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $45.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of KBR in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $59.09.

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.