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

AlphaQuest LLC cut its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 83.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of KBR. True Wealth Design LLC purchased a new stake in shares of KBR during the third quarter worth approximately $26,000. UMB Bank n.a. increased its stake in shares of KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after buying an additional 175 shares during the period. First Horizon Advisors Inc. acquired a new position in KBR in the fourth quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new position in KBR in the fourth quarter valued at approximately $68,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of KBR by 507.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock valued at $93,000 after acquiring an additional 1,339 shares during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Stock Up 1.2 %

NYSE:KBR traded up $0.62 during trading hours on Friday, hitting $50.63. 1,456,148 shares of the company's stock traded hands, compared to its average volume of 1,240,625. The firm has a market cap of $6.70 billion, a P/E ratio of 21.27, a P/E/G ratio of 0.86 and a beta of 0.86. The stock's fifty day moving average price is $53.86 and its two-hundred day moving average price is $60.29. KBR, Inc. has a twelve month low of $47.16 and a twelve month high of $72.60. 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 posted its earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. On average, research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

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

Analysts Set New Price Targets

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