Y Intercept Hong Kong Ltd Decreases Holdings in KBR, Inc. (NYSE:KBR)

Y Intercept Hong Kong Ltd lessened its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 37.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,253 shares of the construction company's stock after selling 8,979 shares during the period. Y Intercept Hong Kong Ltd's holdings in KBR were worth $884,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in KBR in the third quarter valued at about $297,000. State of Alaska Department of Revenue raised its position in shares of KBR by 162.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 38,455 shares of the construction company's stock valued at $2,503,000 after purchasing an additional 23,810 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in KBR in the 3rd quarter worth approximately $221,000. Diversify Wealth Management LLC grew its position in KBR by 15.6% during the 3rd quarter. Diversify Wealth Management LLC now owns 6,099 shares of the construction company's stock worth $410,000 after purchasing an additional 824 shares during the last quarter. Finally, Congress Asset Management Co. increased its stake in KBR by 16.5% during the 3rd quarter. Congress Asset Management Co. now owns 191,277 shares of the construction company's stock valued at $12,458,000 after purchasing an additional 27,092 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

KBR Trading Down 1.6 %

Shares of KBR stock traded down $0.76 during trading hours on Monday, hitting $48.27. The company's stock had a trading volume of 1,785,626 shares, compared to its average volume of 1,594,582. The firm has a fifty day moving average of $55.33 and a 200-day moving average of $61.35. KBR, Inc. has a twelve month low of $47.16 and a twelve month high of $72.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 0.86 and a beta of 0.83.

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KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 EPS 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 analyst estimates of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. Research analysts forecast that KBR, Inc. will post 3.26 EPS for the current 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. The ex-dividend date is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.37%. This is a positive change from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio is currently 23.57%.

Analyst Upgrades and Downgrades

KBR has been the subject of a number of research analyst reports. KeyCorp reduced their target price on KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. DA Davidson restated a "buy" rating and set a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. TD Cowen cut their price target on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Citigroup decreased their target price on KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group lowered their price target on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, KBR presently has an average 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.