O Shaughnessy Asset Management LLC Cuts Stake in KBR, Inc. (NYSE:KBR)

O Shaughnessy Asset Management LLC cut its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 87.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,046 shares of the construction company's stock after selling 34,430 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in KBR were worth $292,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. UMB Bank n.a. raised its position in shares of 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 position in shares of KBR during the 4th quarter valued at $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of KBR in the fourth quarter valued at about $68,000. Venturi Wealth Management LLC raised its stake in shares of KBR by 507.2% during 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 KBR during the 4th quarter worth $104,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Price Performance

NYSE:KBR traded down $0.33 during trading hours on Tuesday, reaching $50.25. The company had a trading volume of 707,431 shares, compared to its average volume of 1,306,088. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. The firm has a market capitalization of $6.52 billion, a PE ratio of 21.11, a PEG ratio of 0.86 and a beta of 0.73. The stock has a 50-day moving average of $50.62 and a two-hundred day moving average of $57.94. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69.

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

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.165 per share. The ex-dividend date is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from KBR's previous quarterly dividend of $0.15. KBR's dividend payout ratio is currently 23.57%.

Insider Buying and Selling at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were 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 in the company, valued at approximately $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 SEC, which is accessible through this link. Corporate insiders own 1.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KBR shares. Truist Financial cut their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Monday. KeyCorp lowered their price objective on 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 price target on shares of KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. TD Cowen decreased their target price on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered their price target on KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, KBR currently has an average rating of "Moderate Buy" and a consensus target price of $72.13.

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.