KBR, Inc. (NYSE:KBR) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its position in KBR, Inc. (NYSE:KBR - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,060,439 shares of the construction company's stock after selling 196,123 shares during the period. Loomis Sayles & Co. L P owned about 0.80% of KBR worth $61,431,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. True Wealth Design LLC purchased a new position in shares of KBR during the third quarter valued at approximately $26,000. UMB Bank n.a. raised its holdings in KBR by 49.2% in the 4th 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 during the last quarter. First Horizon Advisors Inc. purchased a new position in shares of KBR during the 4th quarter worth $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of KBR during the fourth quarter worth $68,000. Finally, Venturi Wealth Management LLC grew its position in shares of KBR by 507.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock valued at $93,000 after purchasing an additional 1,339 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KBR has been the topic of a number of research analyst reports. TD Cowen decreased 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. The Goldman Sachs Group decreased their target price 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. Citigroup dropped their price target on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, KeyCorp decreased their price target on shares of KBR from $70.00 to $67.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $75.88.

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Insider Buying and Selling

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 63,533 shares of the company's stock, valued at $3,214,134.47. This represents a 23.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.08% of the stock is currently owned by insiders.

KBR Trading Down 1.1 %

Shares of KBR stock traded down $0.55 during mid-day trading on Monday, reaching $49.80. The company's stock had a trading volume of 139,427 shares, compared to its average volume of 1,272,796. 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 firm has a market capitalization of $6.46 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86. The company's 50 day simple moving average is $52.32 and its 200-day simple moving average is $59.17. KBR, Inc. has a 12-month low of $47.16 and a 12-month high of $72.60.

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

KBR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.33%. This is a positive change from KBR's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 14th. KBR's dividend payout ratio (DPR) 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.