Mitsubishi UFJ Asset Management Co. Ltd. Purchases 5,943 Shares of KBR, Inc. (NYSE:KBR)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in KBR, Inc. (NYSE:KBR - Free Report) by 35.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,491 shares of the construction company's stock after acquiring an additional 5,943 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in KBR were worth $1,327,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of 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 purchasing an additional 175 shares during the period. First Horizon Advisors Inc. purchased a new position in KBR during the fourth quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new position in KBR in the 4th quarter valued at approximately $68,000. Venturi Wealth Management LLC lifted its position in KBR by 507.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company's stock worth $93,000 after buying an additional 1,339 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of KBR during the 4th quarter valued at $104,000. Institutional investors and hedge funds own 97.02% of the company's stock.

Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the transaction, the insider now owns 63,533 shares in the company, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.08% of the company's stock.

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KBR Stock Performance

Shares of NYSE:KBR traded down $1.22 during trading on Monday, reaching $46.32. The stock had a trading volume of 2,179,552 shares, compared to its average volume of 1,299,972. The stock has a fifty day simple moving average of $51.32 and a two-hundred day simple moving average of $58.64. 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 $43.89 and a 52 week high of $72.60. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 0.86 and a beta of 0.73.

KBR (NYSE:KBR - Get Free Report) last announced its 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 firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate 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 earnings per share for the current fiscal year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, March 14th. This is a boost from KBR's previous quarterly dividend of $0.15. KBR's payout ratio is currently 23.57%.

Wall Street Analysts Forecast Growth

KBR has been the subject of several recent research reports. Citigroup cut their price objective on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group cut their price target 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 lowered their price target on KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Finally, TD Cowen cut their price objective on shares of KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.88.

About KBR

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.