Neuberger Berman Group LLC Sells 20,321 Shares of KBR, Inc. (NYSE:KBR)

Neuberger Berman Group LLC decreased its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,980,117 shares of the construction company's stock after selling 20,321 shares during the quarter. Neuberger Berman Group LLC owned approximately 1.49% of KBR worth $114,647,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its position 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 worth $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 valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new stake in KBR during the 4th quarter valued at approximately $68,000. Venturi Wealth Management LLC lifted its stake in shares of KBR by 507.2% in the 4th 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 acquired a new position in shares of KBR in the 4th quarter valued at $104,000. Institutional investors own 97.02% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on KBR. KeyCorp decreased their target price on shares of KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Citigroup dropped their target price on shares of 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 dropped their target price on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Finally, TD Cowen dropped their target price 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. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, KBR presently has an average rating of "Moderate Buy" and an average price target of $73.86.

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Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the 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 sale, the insider now owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.08% of the stock is currently owned by corporate insiders.

KBR Trading Up 8.1 %

Shares of KBR opened at $50.55 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60. The firm has a 50-day moving average price of $50.83 and a 200 day moving average price of $58.29. The firm has a market capitalization of $6.56 billion, a P/E ratio of 21.24, a P/E/G ratio of 0.86 and a beta of 0.73.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. Sell-side analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a $0.165 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.31%. This is a boost from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio 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.

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