KBR, Inc. (NYSE:KBR) Stake Lowered by Bank of Montreal Can

Bank of Montreal Can cut its stake in KBR, Inc. (NYSE:KBR - Free Report) by 26.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 356,115 shares of the construction company's stock after selling 128,853 shares during the period. Bank of Montreal Can owned about 0.27% of KBR worth $20,630,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. boosted its stake in KBR by 49.2% during the 4th 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 period. First Horizon Advisors Inc. acquired a new position in KBR in the 4th quarter valued at about $32,000. Wilmington Savings Fund Society FSB acquired a new stake in KBR during the 4th quarter worth approximately $68,000. Venturi Wealth Management LLC lifted its position in KBR by 507.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after acquiring an additional 1,339 shares during the period. Finally, R Squared Ltd acquired a new position in shares of KBR in the fourth quarter valued at approximately $104,000. Institutional investors and hedge funds own 97.02% of the company's stock.

KBR Trading Up 0.6 %

NYSE KBR traded up $0.28 during mid-day trading on Thursday, hitting $50.58. The company's stock had a trading volume of 99,366 shares, compared to its average volume of 1,300,772. 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 has a market capitalization of $6.56 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. The stock's fifty day simple moving average is $50.45 and its two-hundred day simple moving average is $57.84. KBR, Inc. has a 52-week low of $43.89 and a 52-week high of $72.60.

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KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. Research analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were issued a $0.165 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.30%. This is an increase from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio is currently 23.57%.

Insider Buying and Selling at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the completion of the sale, the insider now directly owns 63,533 shares of the company's stock, valued at $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.11% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on KBR. TD Cowen dropped their price objective 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. Citigroup dropped their target price on KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Truist Financial decreased their price target on KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday. KeyCorp cut their price target on shares of KBR from $67.00 to $59.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group dropped their target price 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 investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $71.13.

KBR 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.