Alliance Wealth Advisors LLC UT Purchases 328 Shares of KBR, Inc. (NYSE:KBR)

Alliance Wealth Advisors LLC UT boosted its position in KBR, Inc. (NYSE:KBR) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,816 shares of the construction company’s stock after acquiring an additional 328 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in KBR were worth $433,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC grew its stake in shares of KBR by 113.6% during the third quarter. CWM LLC now owns 814 shares of the construction company’s stock worth $48,000 after buying an additional 433 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of KBR during the fourth quarter worth $64,000. Headlands Technologies LLC bought a new stake in shares of KBR during the fourth quarter worth $65,000. Anchor Investment Management LLC bought a new stake in shares of KBR during the fourth quarter worth $69,000. Finally, Arlington Trust Co LLC bought a new stake in shares of KBR during the fourth quarter worth $94,000. 97.02% of the stock is owned by institutional investors.

Insider Activity 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 shares were sold at an average price of $58.95, for a total transaction of $471,600.00. Following the transaction, the executive vice president now owns 38,524 shares in the company, valued at $2,270,989.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on KBR shares. StockNews.com raised shares of KBR from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. KeyCorp boosted their target price on shares of KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. 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. Stifel Nicolaus boosted their price objective on shares of KBR from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Finally, Citigroup boosted their price objective on shares of KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $73.43.

KBR Price Performance

Shares of KBR stock traded up $0.06 during trading on Friday, hitting $65.30. The company’s stock had a trading volume of 1,347,866 shares, compared to its average volume of 1,060,087. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $65.87. The stock has a 50-day moving average price of $61.79 and a two-hundred day moving average price of $56.92.

KBR (NYSE:KBR) last released its earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.78 billion. KBR had a negative net margin of 3.81% and a positive return on equity of 25.08%. KBR’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 earnings per share. Equities analysts anticipate that KBR, Inc. will post 3.19 earnings per share for the current fiscal year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued 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 annualized dividend and a yield of 0.92%. KBR’s payout ratio is presently -29.27%.

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.