SG Americas Securities LLC Sells 47,850 Shares of KBR, Inc. (NYSE:KBR)

SG Americas Securities LLC decreased its stake in KBR, Inc. (NYSE:KBR - Free Report) by 92.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,957 shares of the construction company's stock after selling 47,850 shares during the period. SG Americas Securities LLC's holdings in KBR were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Larson Financial Group LLC boosted its position in shares of KBR by 2,029.2% during the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock valued at $33,000 after purchasing an additional 487 shares in the last quarter. CWM LLC boosted its position in shares of KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company's stock valued at $52,000 after purchasing an additional 231 shares in the last quarter. Quarry LP boosted its position in shares of KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company's stock valued at $53,000 after purchasing an additional 673 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of KBR by 17.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company's stock valued at $77,000 after purchasing an additional 179 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in KBR by 27.7% in the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company's stock worth $93,000 after acquiring an additional 316 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on KBR. StockNews.com lowered KBR from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 6th. DA Davidson reiterated a "buy" rating and issued a $78.00 price target on shares of KBR in a report on Tuesday, June 25th. KeyCorp increased their price target on KBR from $73.00 to $75.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Finally, TD Cowen lowered KBR from a "buy" rating to a "hold" rating and set a $72.00 price target on the stock. in a report on Friday, September 6th. One research 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 company presently has an average rating of "Moderate Buy" and an average price target of $76.75.

Insiders Place Their Bets

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the sale, the insider now directly owns 106,550 shares of the company's stock, valued at $7,091,968. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.08% of the company's stock.

KBR Stock Performance

Shares of KBR traded up $0.57 on Monday, reaching $71.08. 953,009 shares of the company's stock traded hands, compared to its average volume of 1,096,419. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. The stock's 50 day simple moving average is $65.89 and its two-hundred day simple moving average is $65.23. KBR, Inc. has a 52-week low of $49.37 and a 52-week high of $71.11. The stock has a market cap of $9.54 billion, a PE ratio of -36.95, a PEG ratio of 1.40 and a beta of 0.90.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. On average, analysts forecast that KBR, Inc. will post 3.25 earnings per share for the current fiscal year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Friday, December 13th. KBR's dividend payout ratio is currently -31.25%.

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.