Prudential Financial Inc. Sells 15,703 Shares of KBR, Inc. (NYSE:KBR)

Prudential Financial Inc. cut its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 63.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,999 shares of the construction company's stock after selling 15,703 shares during the period. Prudential Financial Inc.'s holdings in KBR were worth $528,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup cut their price objective on shares of KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a research note 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 report on Tuesday, February 25th. TD Cowen decreased their price objective 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. Finally, The Goldman Sachs Group cut their target price on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $73.86.

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KBR Price Performance

NYSE:KBR traded up $1.31 during trading hours on Friday, reaching $50.26. 1,064,483 shares of the company's stock were exchanged, compared to its average volume of 1,309,268. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. 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. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60. The business's 50-day simple moving average is $50.68 and its two-hundred day simple moving average is $58.04.

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 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 business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. Sell-side analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.165 per share. The ex-dividend date is Friday, March 14th. This is a positive change from KBR's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.31%. KBR's dividend payout ratio is currently 23.57%.

Insiders Place Their Bets

In related news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction dated 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 directly owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.08% of the company's stock.

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.