KBR, Inc. (NYSE:KBR) Stock Holdings Raised by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 317,986 shares of the construction company's stock after purchasing an additional 9,364 shares during the period. HighTower Advisors LLC owned 0.24% of KBR worth $18,421,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. UMB Bank n.a. lifted its holdings in shares of KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock valued at $31,000 after purchasing an additional 175 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of KBR by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company's stock valued at $239,000 after buying an additional 203 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of KBR by 1.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company's stock valued at $1,283,000 after buying an additional 300 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of KBR by 2.9% during the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company's stock valued at $766,000 after buying an additional 335 shares during the period. Finally, True Wealth Design LLC purchased a new position in shares of KBR during the third quarter valued at approximately $26,000. Hedge funds and other institutional investors own 97.02% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KBR. The Goldman Sachs Group reduced their price objective on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. KeyCorp cut their price target on shares of KBR from $70.00 to $67.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. TD Cowen cut their price target 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 cut their price target on shares of KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Finally, DA Davidson reaffirmed a "buy" rating and set a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. 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 an average rating of "Moderate Buy" and an average target price of $75.88.

Insider Buying and Selling

In other news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were 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 owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their position. The transaction 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 insiders.

KBR Trading Up 0.8 %

Shares of KBR stock traded up $0.40 during trading hours on Wednesday, hitting $51.32. The company's stock had a trading volume of 1,109,314 shares, compared to its average volume of 1,238,760. KBR, Inc. has a 1-year low of $47.16 and a 1-year high of $72.60. The business has a fifty day moving average of $53.59 and a 200 day moving average of $59.93. The company has a market capitalization of $6.80 billion, a PE ratio of 21.56, a P/E/G ratio of 0.86 and a beta of 0.86. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69.

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 (EPS) for the quarter, topping 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 firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. As a group, equities analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a dividend of $0.165 per share. This is an increase from KBR's previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. This represents a $0.66 annualized dividend and a yield of 1.29%. KBR's payout ratio is 23.57%.

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.