Arrowstreet Capital Limited Partnership Sells 514,055 Shares of KBR, Inc. (NYSE:KBR)

Arrowstreet Capital Limited Partnership cut its position in KBR, Inc. (NYSE:KBR - Free Report) by 59.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 356,697 shares of the construction company's stock after selling 514,055 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.27% of KBR worth $20,663,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Cornercap Investment Counsel Inc. acquired a new position in KBR during the fourth quarter valued at approximately $207,000. Pictet Asset Management Holding SA raised its holdings in shares of KBR by 6.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 19,134 shares of the construction company's stock worth $1,108,000 after buying an additional 1,082 shares in the last quarter. Norges Bank acquired a new position in shares of KBR during the 4th quarter worth $104,033,000. JPMorgan Chase & Co. lifted its position in shares of KBR by 18.5% during the 4th quarter. JPMorgan Chase & Co. now owns 555,376 shares of the construction company's stock worth $32,173,000 after buying an additional 86,860 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in KBR by 35.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 22,491 shares of the construction company's stock valued at $1,327,000 after buying an additional 5,943 shares in the last quarter. Institutional investors own 97.02% of the company's stock.

Insider Transactions at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the sale, the insider now owns 63,533 shares in the company, valued at $3,214,134.47. This represents a 23.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.08% of the stock is currently owned by corporate insiders.

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KBR Trading Up 1.0 %

NYSE KBR traded up $0.48 on Tuesday, reaching $46.68. The company had a trading volume of 2,147,499 shares, compared to its average volume of 1,304,206. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 0.86 and a beta of 0.73. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR, Inc. has a fifty-two week low of $43.89 and a fifty-two week high of $72.60. The business has a 50 day moving average of $51.01 and a two-hundred day moving average of $58.44.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings results 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. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2 billion. Analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a $0.165 dividend. This is a positive change from KBR's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, March 14th. KBR's dividend payout ratio is currently 23.57%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KBR. Citigroup dropped 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. 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 research note on Tuesday, February 25th. TD Cowen decreased their target price 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 dropped their price target on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. One research 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, the stock 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.