Amundi Lowers Holdings in KBR, Inc. (NYSE:KBR)

Amundi cut its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,145 shares of the construction company's stock after selling 29,611 shares during the period. Amundi owned approximately 0.14% of KBR worth $10,418,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research firms have recently commented on KBR. DA Davidson reaffirmed a "buy" rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. TD Cowen decreased their target price on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group decreased their target price on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. KeyCorp decreased their target price on KBR from $70.00 to $67.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. Finally, Citigroup decreased their target price on KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, KBR presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.88.

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KBR Trading Up 1.2 %

Shares of KBR stock traded up $0.62 on Friday, reaching $50.63. The company had a trading volume of 1,456,148 shares, compared to its average volume of 1,240,625. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 0.86 and a beta of 0.86. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm's 50-day moving average price is $53.86 and its two-hundred day moving average price is $60.29. KBR, Inc. has a 1 year low of $47.16 and a 1 year high of $72.60.

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

KBR Increases Dividend

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