Cove Street Capital LLC Decreases Stock Position in KBR, Inc. (NYSE:KBR)

Cove Street Capital LLC lowered its position in KBR, Inc. (NYSE:KBR - Free Report) by 45.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,692 shares of the construction company's stock after selling 9,909 shares during the period. Cove Street Capital LLC's holdings in KBR were worth $677,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Citigroup Inc. grew its holdings in KBR by 38.8% in the third quarter. Citigroup Inc. now owns 74,832 shares of the construction company's stock valued at $4,874,000 after purchasing an additional 20,931 shares during the last quarter. Cerity Partners LLC boosted its position in shares of KBR by 126.4% in the 3rd quarter. Cerity Partners LLC now owns 8,993 shares of the construction company's stock worth $586,000 after buying an additional 5,020 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in KBR in the 3rd quarter valued at about $111,000. BNP Paribas Financial Markets increased its holdings in KBR by 32.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 46,686 shares of the construction company's stock valued at $3,041,000 after acquiring an additional 11,392 shares in the last quarter. Finally, Townsquare Capital LLC raised its position in KBR by 9.6% during the third quarter. Townsquare Capital LLC now owns 44,612 shares of the construction company's stock worth $2,906,000 after acquiring an additional 3,904 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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KBR Trading Down 3.8 %

NYSE KBR traded down $2.06 during trading hours on Thursday, hitting $51.72. 919,487 shares of the company's stock were exchanged, compared to its average volume of 1,285,258. The business's 50 day moving average is $51.81 and its 200-day moving average is $58.96. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR, Inc. has a 12-month low of $47.16 and a 12-month high of $72.60. The firm has a market capitalization of $6.71 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, beating analysts' consensus estimates 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. As a group, analysts anticipate that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, March 14th. This is a positive change from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio (DPR) is 23.57%.

Insider Activity

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the transaction, 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 SEC, which is accessible through this hyperlink. Corporate insiders own 1.08% of the company's stock.

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.