Natixis Advisors LLC Sells 23,205 Shares of KBR, Inc. (NYSE:KBR)

Natixis Advisors LLC lessened its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 41.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,379 shares of the construction company's stock after selling 23,205 shares during the quarter. Natixis Advisors LLC's holdings in KBR were worth $1,876,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in KBR. True Wealth Design LLC bought a new stake in KBR in the 3rd quarter worth approximately $26,000. 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 valued at $31,000 after acquiring an additional 175 shares in the last quarter. First Horizon Advisors Inc. bought a new stake in KBR in the fourth quarter worth $32,000. Wilmington Savings Fund Society FSB purchased a new position in shares of KBR during the fourth quarter valued at approximately $68,000. Finally, Venturi Wealth Management LLC lifted its stake in KBR by 507.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after acquiring an additional 1,339 shares during the period. 97.02% of the stock is owned by institutional investors.

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 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 sale, the insider now directly owns 63,533 shares in the company, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.08% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

Several research firms have weighed in on KBR. TD Cowen dropped their price target on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Citigroup lowered 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. KeyCorp dropped 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. Finally, The Goldman Sachs Group decreased their price target 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. One 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 presently has a consensus rating of "Moderate Buy" and an average price target of $75.88.

KBR Price Performance

Shares of KBR stock traded up $0.17 during trading on Tuesday, hitting $51.51. The company had a trading volume of 704,349 shares, compared to its average volume of 1,240,413. The stock's 50-day moving average is $53.00 and its two-hundred day moving average is $59.46. 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 52 week low of $47.16 and a 52 week high of $72.60. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.08. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. As a group, analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The company also recently announced 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 represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. This is a positive change from KBR's previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. KBR's dividend payout ratio is presently 23.57%.

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.