AlphaQuest LLC Sells 31,555 Shares of KBR, Inc. (NYSE:KBR)

AlphaQuest LLC trimmed its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 83.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,166 shares of the construction company's stock after selling 31,555 shares during the period. AlphaQuest LLC's holdings in KBR were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. bought a new position in KBR in the 4th quarter valued at $4,641,000. Aigen Investment Management LP bought a new position in KBR in the 4th quarter valued at $819,000. Proficio Capital Partners LLC bought a new position in KBR in the 4th quarter valued at $1,131,000. M&T Bank Corp boosted its holdings in KBR by 0.7% in the 4th quarter. M&T Bank Corp now owns 92,679 shares of the construction company's stock valued at $5,369,000 after purchasing an additional 613 shares during the period. Finally, Atria Investments Inc boosted its holdings in KBR by 123.7% in the 4th quarter. Atria Investments Inc now owns 10,389 shares of the construction company's stock valued at $602,000 after purchasing an additional 5,745 shares during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Trading Up 1.2 %

NYSE:KBR traded up $0.62 during trading hours on Friday, reaching $50.63. The company's stock had a trading volume of 1,456,148 shares, compared to its average volume of 1,238,132. The firm has a 50-day simple moving average of $53.86 and a 200-day simple moving average of $60.24. KBR, Inc. has a 1 year low of $47.16 and a 1 year high of $72.60. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 0.86 and a beta of 0.86. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

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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 (EPS) for the quarter, beating 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 analysts' expectations of $2 billion. Research analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. This is a boost from KBR's previous quarterly dividend of $0.15. KBR's payout ratio is currently 23.57%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup dropped their price objective 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. KeyCorp dropped their price objective 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 reaffirmed a "buy" rating and set a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. TD Cowen dropped their price objective on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group dropped their price objective on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, KBR currently has an average rating of "Moderate Buy" and an average price target of $75.88.

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.