Sciencast Management LP Has $743,000 Stock Position in KBR, Inc. (NYSE:KBR)

Sciencast Management LP trimmed its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 57.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,820 shares of the construction company's stock after selling 17,121 shares during the period. Sciencast Management LP's holdings in KBR were worth $743,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Hennessy Advisors Inc. acquired a new position in shares of KBR during the 4th quarter valued at about $47,022,000. Proficio Capital Partners LLC bought a new stake in KBR during the fourth quarter worth approximately $1,131,000. Franklin Resources Inc. grew its holdings in KBR by 14.5% during the third 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 during the last quarter. Blue Trust Inc. raised its position in shares of KBR by 56.9% in the fourth quarter. Blue Trust Inc. now owns 3,021 shares of the construction company's stock valued at $175,000 after purchasing an additional 1,095 shares during the period. Finally, Mount Yale Investment Advisors LLC bought a new position in shares of KBR in the fourth quarter valued at approximately $290,000. Institutional investors and hedge funds own 97.02% of the company's stock.

KBR Stock Performance

KBR traded up $0.28 on Tuesday, hitting $51.62. 292,336 shares of the stock traded hands, compared to its average volume of 1,240,413. The business has a fifty day moving average price of $53.00 and a two-hundred day moving average price of $59.46. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 52 week low of $47.16 and a 52 week high of $72.60. The firm has a market capitalization of $6.84 billion, a PE ratio of 21.69, a P/E/G ratio of 0.86 and a beta of 0.86.

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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 analysts' consensus estimates of $0.83 by $0.08. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. On average, research analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The firm 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 represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase 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%.

Insider Activity

In related news, insider Gregory Sean Conlon sold 19,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was 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 owns 63,533 shares in the company, valued at $3,214,134.47. This trade 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. 1.08% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KBR has been the subject of several recent analyst reports. Citigroup decreased their price objective on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. 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. TD Cowen dropped their price objective on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Finally, KeyCorp decreased their target price on KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $75.88.

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.