Aigen Investment Management LP Acquires Shares of 14,139 KBR, Inc. (NYSE:KBR)

Aigen Investment Management LP acquired a new stake in shares of KBR, Inc. (NYSE:KBR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,139 shares of the construction company's stock, valued at approximately $819,000.

Several other institutional investors have also bought and sold shares of the business. Proficio Capital Partners LLC bought a new position in KBR during the fourth quarter valued at $1,131,000. M&T Bank Corp lifted its holdings in shares of KBR by 0.7% in the 4th quarter. M&T Bank Corp now owns 92,679 shares of the construction company's stock worth $5,369,000 after acquiring an additional 613 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of KBR by 123.7% in the 4th quarter. Atria Investments Inc now owns 10,389 shares of the construction company's stock worth $602,000 after acquiring an additional 5,745 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of KBR by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 842,016 shares of the construction company's stock worth $48,778,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Schechter Investment Advisors LLC bought a new stake in shares of KBR in the 4th quarter worth about $296,000. Institutional investors own 97.02% of the company's stock.

Analyst Upgrades and Downgrades

KBR has been the subject of several analyst reports. KeyCorp lowered their target price on shares of KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a report on Tuesday, February 25th. DA Davidson restated a "buy" rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. Citigroup lowered their target price on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. TD Cowen reduced their price target on shares of KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group reduced their price target on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $75.88.

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KBR Stock Up 3.7 %

Shares of KBR stock traded up $1.87 on Friday, reaching $51.91. The stock had a trading volume of 2,486,543 shares, compared to its average volume of 1,735,281. The company has a 50 day moving average price of $54.60 and a 200 day moving average price of $60.82. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 1 year low of $47.16 and a 1 year high of $72.60. The stock has a market capitalization of $6.88 billion, a P/E ratio of 21.81, a P/E/G ratio of 0.86 and a beta of 0.86.

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

KBR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from KBR's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.27%. KBR's dividend payout ratio (DPR) is 23.57%.

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.