Massachusetts Financial Services Co. MA trimmed its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,217,584 shares of the construction company's stock after selling 238,271 shares during the quarter. Massachusetts Financial Services Co. MA owned about 3.17% of KBR worth $244,325,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in 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 buying an additional 175 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in KBR during the 4th quarter worth $32,000. Wilmington Savings Fund Society FSB purchased a new position in KBR during the 4th quarter worth $68,000. Venturi Wealth Management LLC increased 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 valued at $93,000 after purchasing an additional 1,339 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of KBR in the fourth quarter valued at about $104,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.
KBR Trading Up 1.1 %
NYSE KBR traded up $0.54 during trading hours on Wednesday, hitting $47.29. 275,346 shares of the company's stock were exchanged, compared to its average volume of 1,300,286. 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 firm has a market capitalization of $6.13 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. The business's 50 day moving average is $51.01 and its 200-day moving average is $58.44. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60.
KBR (NYSE:KBR - Get Free Report) last released its 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. The business had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. As a group, analysts anticipate 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 issued a $0.165 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.40%. This is a boost from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio (DPR) is presently 23.57%.
Insiders Place Their Bets
In other news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction on Friday, March 14th. The shares were 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 of the company's stock, valued at $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.08% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several analysts have commented on KBR shares. The Goldman Sachs Group reduced their price objective on KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. KeyCorp decreased their price target on KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a report on Tuesday, February 25th. TD Cowen dropped their price objective on shares of KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Finally, Citigroup reduced their target price on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.88.
Check Out Our Latest Analysis on KBR
KBR Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider KBR, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KBR wasn't on the list.
While KBR currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
