Huber Capital Management LLC Has $26.16 Million Stock Position in KBR, Inc. (NYSE:KBR)

Huber Capital Management LLC boosted its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 451,623 shares of the construction company's stock after buying an additional 16,579 shares during the period. KBR makes up approximately 5.2% of Huber Capital Management LLC's holdings, making the stock its biggest holding. Huber Capital Management LLC owned 0.34% of KBR worth $26,163,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. UMB Bank n.a. lifted its position 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 worth $31,000 after purchasing an additional 175 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of KBR by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company's stock valued at $239,000 after acquiring an additional 203 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of KBR in the fourth quarter valued at about $32,000. Norden Group LLC raised its holdings in KBR by 4.6% during the fourth quarter. Norden Group LLC now owns 12,653 shares of the construction company's stock worth $733,000 after acquiring an additional 554 shares in the last quarter. Finally, Cetera Trust Company N.A grew its stake in KBR by 18.8% in the fourth quarter. Cetera Trust Company N.A now owns 3,567 shares of the construction company's stock valued at $207,000 after purchasing an additional 565 shares in the last quarter. Institutional investors own 97.02% of the company's stock.

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KBR Stock Performance

KBR stock traded up $0.84 during midday trading on Tuesday, hitting $47.04. The company's stock had a trading volume of 416,891 shares, compared to its average volume of 1,658,437. 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 company has a market cap of $6.10 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 0.86 and a beta of 0.73. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The company has a 50-day moving average price of $51.32 and a two-hundred day moving average price of $58.64.

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. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. As a group, sell-side analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 1.40%. KBR's payout ratio is presently 23.57%.

Insider Buying and Selling at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the sale, the insider now owns 63,533 shares in the company, valued at $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. The Goldman Sachs Group cut their price objective on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. KeyCorp decreased their price objective on shares of KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research report on Tuesday, February 25th. Citigroup dropped their target price on shares of KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, TD Cowen cut their price objective on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, KBR presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.88.

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.