KBR, Inc. (NYSE:KBR) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 79.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,483 shares of the construction company's stock after selling 13,762 shares during the quarter. Corient Private Wealth LLC's holdings in KBR were worth $202,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. True Wealth Design LLC acquired a new position in KBR during the 3rd quarter worth $26,000. UMB Bank n.a. lifted its position 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 purchasing an additional 175 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in KBR in the fourth quarter worth about $32,000. Wilmington Savings Fund Society FSB bought a new stake in KBR in the fourth quarter valued at about $68,000. Finally, Venturi Wealth Management LLC increased its holdings in 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 buying an additional 1,339 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

KBR Stock Performance

Shares of KBR stock traded down $3.73 during trading hours on Friday, reaching $47.57. The stock had a trading volume of 2,395,406 shares, compared to its average volume of 1,296,453. The firm has a market capitalization of $6.17 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. The firm has a 50-day simple moving average of $51.51 and a 200-day simple moving average of $58.77. 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 current ratio of 1.07 and a quick ratio of 1.07.

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KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $2 billion. As a group, equities analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 annualized dividend and a yield of 1.39%. This is an increase from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio is presently 23.57%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KBR. Citigroup decreased 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. TD Cowen decreased their price objective on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group dropped their target price on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Finally, KeyCorp decreased their price target on shares of KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.88.

Insider Activity at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.08% of the stock is currently owned by insiders.

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.