Segall Bryant & Hamill LLC Cuts Position in KBR, Inc. (NYSE:KBR)

Segall Bryant & Hamill LLC lessened its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 26.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 730,950 shares of the construction company's stock after selling 261,393 shares during the quarter. KBR makes up about 0.6% of Segall Bryant & Hamill LLC's investment portfolio, making the stock its 25th largest position. Segall Bryant & Hamill LLC owned 0.55% of KBR worth $47,607,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KBR. Natixis Advisors LLC raised its position in shares of KBR by 34.6% in the 3rd quarter. Natixis Advisors LLC now owns 55,584 shares of the construction company's stock worth $3,620,000 after acquiring an additional 14,295 shares in the last quarter. Pier 88 Investment Partners LLC increased its stake in KBR by 25.9% in the third quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company's stock valued at $3,303,000 after acquiring an additional 10,420 shares during the last quarter. Victory Capital Management Inc. boosted its position in KBR by 85.1% during the third quarter. Victory Capital Management Inc. now owns 51,109 shares of the construction company's stock valued at $3,329,000 after buying an additional 23,491 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of KBR during the third quarter worth about $771,000. Finally, Versor Investments LP bought a new position in shares of KBR during the third quarter valued at approximately $1,954,000. Institutional investors and hedge funds own 97.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KBR. KeyCorp lifted their price target on shares of KBR from $75.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. TD Cowen downgraded shares of KBR from a "buy" rating to a "hold" rating and set a $72.00 price objective on the stock. in a report on Friday, September 6th. StockNews.com cut shares of KBR from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 6th. DA Davidson restated a "buy" rating and issued a $84.00 price objective on shares of KBR in a report on Tuesday. Finally, UBS Group boosted their price objective on shares of KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $81.14.

KBR Trading Down 1.5 %

KBR traded down $0.86 on Wednesday, hitting $57.43. 474,331 shares of the company were exchanged, compared to its average volume of 1,163,406. KBR, Inc. has a 12 month low of $50.45 and a 12 month 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 firm has a fifty day simple moving average of $66.31 and a two-hundred day simple moving average of $65.69. The stock has a market capitalization of $7.65 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 1.17 and a beta of 0.89.

KBR (NYSE:KBR - Get Free Report) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the business earned $0.75 earnings per share. KBR's quarterly revenue was up 10.0% compared to the same quarter last year. Sell-side analysts expect that KBR, Inc. will post 3.27 earnings per share for the current year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, December 13th. KBR's payout ratio is 25.21%.

KBR 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.