Sei Investments Co. boosted its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 36.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 338,371 shares of the construction company's stock after acquiring an additional 90,833 shares during the period. Sei Investments Co. owned 0.25% of KBR worth $19,602,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in KBR. UMB Bank n.a. lifted its stake in KBR by 49.2% during the fourth 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. CIBC Asset Management Inc lifted its stake in KBR by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company's stock worth $239,000 after acquiring an additional 203 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in KBR by 1.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company's stock worth $1,283,000 after acquiring an additional 300 shares in the last quarter. True Wealth Design LLC purchased a new position in KBR during the 3rd quarter valued at about $26,000. Finally, First Horizon Advisors Inc. purchased a new stake in KBR during the fourth quarter worth about $32,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.
KBR Trading Up 0.3 %
KBR stock traded up $0.13 during midday trading on Tuesday, hitting $49.94. The stock had a trading volume of 1,028,052 shares, compared to its average volume of 1,276,597. The company's 50-day moving average price is $51.92 and its 200 day moving average price is $59.00. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $6.48 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86. KBR, Inc. has a 12-month low of $47.16 and a 12-month high of $72.60.
KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. On average, equities research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.
KBR Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from KBR's previous quarterly dividend of $0.15. KBR's payout ratio is currently 23.57%.
Wall Street Analyst Weigh In
KBR has been the topic of a number of recent research reports. KeyCorp cut 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. TD Cowen cut their price target on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Citigroup decreased their price objective on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group cut their target price on shares of KBR from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $75.88.
Read Our Latest Research Report on KBR
Insider Transactions at KBR
In related news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction 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 completion of the sale, the insider now owns 63,533 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.08% of the company's stock.
KBR Profile
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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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