Segall Bryant & Hamill LLC Reduces Stock Holdings in KBR, Inc. (NYSE:KBR)

Segall Bryant & Hamill LLC lowered its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 52.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 344,942 shares of the construction company's stock after selling 386,008 shares during the period. Segall Bryant & Hamill LLC owned about 0.26% of KBR worth $19,982,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KBR. True Wealth Design LLC acquired a new position in shares of KBR during the 3rd quarter worth $26,000. UMB Bank n.a. increased its stake in shares of KBR by 49.2% during 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 position in shares of KBR during the 4th quarter worth approximately $32,000. Wilmington Savings Fund Society FSB purchased a new stake in KBR in the 4th quarter valued at approximately $68,000. Finally, Venturi Wealth Management LLC grew its holdings in KBR by 507.2% during the 4th 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 last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the transaction, the insider now directly owns 63,533 shares of the company's stock, valued at $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.08% of the company's stock.

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KBR Trading Down 1.6 %

NYSE:KBR traded down $0.84 during trading hours on Friday, reaching $50.34. 900,153 shares of the company were exchanged, compared to its average volume of 1,277,258. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 0.86 and a beta of 0.86. The stock has a 50 day simple moving average of $52.32 and a 200 day simple moving average of $59.17. 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 current ratio of 1.07 and a quick ratio of 1.07.

KBR (NYSE:KBR - Get Free Report) last issued its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, topping 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 business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. As a group, analysts predict that KBR, Inc. will post 3.26 EPS 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 paid a $0.165 dividend. This is a positive change from KBR's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, March 14th. KBR's payout ratio is currently 23.57%.

Analysts Set New Price Targets

Several analysts have recently issued reports on KBR shares. KeyCorp reduced their price objective on KBR from $70.00 to $67.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 25th. The Goldman Sachs Group reduced their target price 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. TD Cowen cut their price objective 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. Finally, Citigroup decreased their target price 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.