Hillsdale Investment Management Inc. Buys New Position in KBR, Inc. (NYSE:KBR)

Hillsdale Investment Management Inc. bought a new position in shares of KBR, Inc. (NYSE:KBR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,000 shares of the construction company's stock, valued at approximately $753,000.

Several other institutional investors also recently modified their holdings of the stock. Hennessy Advisors Inc. bought a new stake in KBR during the 4th quarter worth $47,022,000. Proficio Capital Partners LLC acquired a new stake in shares of KBR during the fourth quarter valued at about $1,131,000. Franklin Resources Inc. grew its holdings in shares of KBR by 14.5% during the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company's stock worth $167,876,000 after purchasing an additional 305,889 shares during the last quarter. Blue Trust Inc. increased its stake in shares of KBR by 56.9% in the fourth quarter. Blue Trust Inc. now owns 3,021 shares of the construction company's stock valued at $175,000 after buying an additional 1,095 shares during the period. Finally, Mount Yale Investment Advisors LLC bought a new position in KBR in the 4th quarter valued at approximately $290,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now directly owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.08% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have issued reports on KBR. TD Cowen decreased their price target on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. KeyCorp lowered their target price on KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research report on Tuesday, February 25th. The Goldman Sachs Group reduced their price target on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Finally, Citigroup lowered their price objective on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, KBR has an average rating of "Moderate Buy" and a consensus price target of $75.88.

KBR Trading Up 0.6 %

NYSE KBR traded up $0.28 during trading hours on Tuesday, hitting $51.62. 292,336 shares of the company's stock were exchanged, compared to its average volume of 1,240,413. KBR, Inc. has a 1-year low of $47.16 and a 1-year high of $72.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a 50-day simple moving average of $53.00 and a 200 day simple moving average of $59.46. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. On average, equities analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a dividend of $0.165 per share. This is an increase from KBR's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, March 14th. KBR's dividend payout ratio is 23.57%.

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.