Proficio Capital Partners LLC Purchases New Shares in KBR, Inc. (NYSE:KBR)

Proficio Capital Partners LLC bought a new stake in KBR, Inc. (NYSE:KBR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,522 shares of the construction company's stock, valued at approximately $1,131,000.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC bought a new stake in shares of KBR during the 3rd quarter valued at approximately $26,000. UMB Bank n.a. increased its holdings in 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 purchasing an additional 175 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of KBR during the fourth quarter valued at about $32,000. Wilmington Savings Fund Society FSB bought a new stake in shares of KBR during the fourth quarter worth about $68,000. Finally, Venturi Wealth Management LLC increased its stake in shares of 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 buying an additional 1,339 shares during the period. Institutional investors and hedge funds own 97.02% of the company's stock.

KBR Stock Up 2.5 %

NYSE:KBR traded up $1.23 during trading hours on Monday, reaching $51.36. The company had a trading volume of 989,592 shares, compared to its average volume of 1,240,845. KBR, Inc. has a twelve month low of $47.16 and a twelve month high of $72.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 0.86 and a beta of 0.86. The business's 50-day simple moving average is $53.16 and its two-hundred day simple moving average is $59.57.

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KBR (NYSE:KBR - Get Free Report) last issued its earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. On average, equities analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. This is an increase from KBR's previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. This represents a $0.66 annualized dividend and a dividend yield of 1.28%. KBR's payout ratio is currently 23.57%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KBR shares. The Goldman Sachs Group decreased their price target on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. 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. 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 report on Wednesday, January 29th. Finally, KeyCorp decreased their price objective on shares of KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $75.88.

Insider Transactions at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of KBR 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 completion of the transaction, the insider now directly owns 63,533 shares in the company, valued at $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.08% of the stock is owned by insiders.

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.