KBR, Inc. (NYSE:KBR) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in KBR, Inc. (NYSE:KBR - Free Report) by 18.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 555,376 shares of the construction company's stock after purchasing an additional 86,860 shares during the period. JPMorgan Chase & Co. owned 0.42% of KBR worth $32,173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hennessy Advisors Inc. acquired a new position in shares of KBR in the 4th quarter worth approximately $47,022,000. Proficio Capital Partners LLC bought a new position in KBR during the fourth quarter worth $1,131,000. Franklin Resources Inc. boosted its holdings in KBR by 14.5% in the third 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. increased its stake in KBR by 56.9% during the fourth quarter. Blue Trust Inc. now owns 3,021 shares of the construction company's stock valued at $175,000 after purchasing an additional 1,095 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC acquired a new stake in shares of KBR during the fourth quarter worth $290,000. 97.02% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Gregory Sean Conlon sold 19,000 shares of the company's stock in a transaction 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 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 sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.08% of the company's stock.

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KBR Stock Performance

KBR stock traded up $1.31 on Friday, reaching $50.26. The company's stock had a trading volume of 1,064,483 shares, compared to its average volume of 1,307,804. KBR, Inc. has a 52 week low of $43.89 and a 52 week 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. The company has a market capitalization of $6.52 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. The firm has a fifty day moving average of $50.68 and a two-hundred day moving average of $58.08.

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 return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2 billion. As a group, analysts predict 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 issued a $0.165 dividend. The ex-dividend date 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 1.31%. KBR's dividend payout ratio (DPR) is 23.57%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. 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. The Goldman Sachs Group lowered their target price on KBR from $75.00 to $64.00 and set a "buy" rating for the company 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 on the stock in a report on Wednesday, January 8th. Finally, Citigroup reduced their price objective on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.86.

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.