Atria Investments Inc Acquires 5,745 Shares of KBR, Inc. (NYSE:KBR)

Atria Investments Inc increased its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 123.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,389 shares of the construction company's stock after acquiring an additional 5,745 shares during the quarter. Atria Investments Inc's holdings in KBR were worth $602,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. True Wealth Design LLC purchased a new stake in KBR in the third quarter worth $26,000. UMB Bank n.a. increased 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 buying an additional 175 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in KBR in the fourth quarter worth $32,000. Wilmington Savings Fund Society FSB purchased a new stake in KBR in the fourth quarter worth $68,000. Finally, Venturi Wealth Management LLC increased its position in 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 last quarter. 97.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. DA Davidson reiterated a "buy" rating and issued a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. KeyCorp reduced their price target on KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research report on Tuesday, February 25th. TD Cowen reduced their target price on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group reduced their target price on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, Citigroup reduced their target price on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $75.88.

Remove Ads

KBR Trading Up 2.1 %

KBR traded up $1.08 during midday trading on Monday, reaching $51.74. 172,460 shares of the company's stock traded hands, compared to its average volume of 1,234,068. KBR, Inc. has a 52 week low of $47.16 and a 52 week high of $72.60. The firm has a fifty day moving average of $53.86 and a two-hundred day moving average of $60.18. 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 stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.08. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. On average, equities analysts anticipate 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. Investors of record on Friday, March 14th will be given 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 annualized dividend and a yield of 1.28%. 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.