Quantbot Technologies LP trimmed its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 63.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,332 shares of the construction company's stock after selling 49,851 shares during the quarter. Quantbot Technologies LP's holdings in KBR were worth $1,641,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in KBR. Hennessy Advisors Inc. purchased a new position in shares of KBR during the fourth quarter valued at approximately $47,022,000. Proficio Capital Partners LLC purchased a new stake in KBR during the 4th quarter worth $1,131,000. Franklin Resources Inc. increased its holdings 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 purchasing an additional 305,889 shares in the last quarter. Blue Trust Inc. lifted its position in KBR by 56.9% during the 4th quarter. Blue Trust Inc. now owns 3,021 shares of the construction company's stock worth $175,000 after acquiring an additional 1,095 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC purchased a new stake in KBR during the 4th quarter worth $290,000. Institutional investors and hedge funds own 97.02% of the company's stock.
KBR Price Performance
Shares of NYSE KBR traded up $0.17 during midday trading on Tuesday, reaching $51.51. The company's stock had a trading volume of 704,349 shares, compared to its average volume of 1,243,632. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86. KBR, Inc. has a one year low of $47.16 and a one year high of $72.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The company has a 50 day moving average price of $53.00 and a 200 day moving average price of $59.46.
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. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. On average, equities research analysts expect that KBR, Inc. will post 3.26 EPS for the current year.
KBR Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.28%. This is a positive change from KBR's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 14th. KBR's payout ratio is presently 23.57%.
Insider Buying and Selling at KBR
In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the company's stock in a transaction that occurred on 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 owns 63,533 shares in the company, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.08% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on KBR shares. The Goldman Sachs Group cut their price target on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. KeyCorp reduced 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 cut their price target on KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, TD Cowen cut their target price on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, KBR currently has an average rating of "Moderate Buy" and a consensus target price of $75.88.
Read Our Latest Research Report on KBR
About KBR
(
Free Report)
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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