KBR, Inc. (NYSE:KBR) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 261.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 158,509 shares of the construction company's stock after purchasing an additional 114,704 shares during the period. Intech Investment Management LLC owned approximately 0.12% of KBR worth $9,182,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hennessy Advisors Inc. bought a new stake in shares of KBR in the 4th quarter worth about $47,022,000. Proficio Capital Partners LLC bought a new position in KBR in the 4th quarter worth about $1,131,000. Franklin Resources Inc. lifted its position in shares of KBR by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company's stock worth $167,876,000 after purchasing an additional 305,889 shares during the period. Blue Trust Inc. lifted its position in shares of KBR by 56.9% in the 4th quarter. Blue Trust Inc. now owns 3,021 shares of the construction company's stock worth $175,000 after purchasing an additional 1,095 shares during the period. Finally, Mount Yale Investment Advisors LLC purchased a new stake in shares of KBR in the 4th quarter worth approximately $290,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Stock Up 0.2 %

NYSE KBR traded up $0.11 on Friday, hitting $50.15. 1,192,023 shares of the stock were exchanged, compared to its average volume of 1,241,854. 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, Inc. has a fifty-two week low of $47.16 and a fifty-two week high of $72.60. The company has a market cap of $6.64 billion, a PE ratio of 21.07, a PEG ratio of 0.86 and a beta of 0.86. The company has a 50-day moving average price of $53.16 and a 200-day moving average price of $59.62.

Remove Ads

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 for the quarter, topping the consensus estimate of $0.83 by $0.08. The business 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%. Sell-side analysts anticipate that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, March 14th. This is an increase from KBR's previous quarterly dividend of $0.15. KBR's payout ratio is currently 23.57%.

Insider Activity at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction 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 transaction, the insider now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup decreased their price target on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group decreased their price objective 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. TD Cowen decreased 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. Finally, KeyCorp reduced their target price 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $75.88.

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.