Proficio Capital Partners LLC Buys Shares of 19,522 KBR, Inc. (NYSE:KBR)

Proficio Capital Partners LLC acquired a new position in KBR, Inc. (NYSE:KBR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 19,522 shares of the construction company's stock, valued at approximately $1,131,000.

A number of other large investors have also modified their holdings of KBR. Bank of New York Mellon Corp increased its holdings in shares of KBR by 87.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company's stock worth $162,503,000 after acquiring an additional 1,307,033 shares during the period. Hennessy Advisors Inc. bought a new position in KBR in the 4th quarter valued at about $47,022,000. Jennison Associates LLC grew its position in KBR by 27.8% in the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company's stock valued at $105,624,000 after buying an additional 353,209 shares in the last quarter. Franklin Resources Inc. grew its position in KBR by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company's stock valued at $167,876,000 after buying an additional 305,889 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in KBR by 33.0% in the 4th quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company's stock valued at $51,099,000 after buying an additional 218,853 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

Analyst Upgrades and Downgrades

KBR has been the subject of a number of recent analyst reports. DA Davidson reiterated a "buy" rating and issued a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. 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 report on Tuesday, February 25th. The Goldman Sachs Group decreased their target price 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. Citigroup decreased their target price on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $75.88.

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KBR Price Performance

Shares of NYSE:KBR traded up $1.87 during trading hours on Friday, hitting $51.91. 2,486,543 shares of the company's stock traded hands, compared to its average volume of 1,735,281. KBR, Inc. has a 52 week low of $47.16 and a 52 week high of $72.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The company's fifty day simple moving average is $54.70 and its two-hundred day simple moving average is $60.96. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86.

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. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2 billion. As a group, equities analysts anticipate that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.27%. This is a boost from KBR's previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. KBR's dividend payout ratio (DPR) is presently 23.57%.

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.