Stevens Capital Management LP Buys Shares of 5,231 KBR, Inc. (NYSE:KBR)

Stevens Capital Management LP acquired a new position in shares of KBR, Inc. (NYSE:KBR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,231 shares of the construction company's stock, valued at approximately $303,000.

Other large investors have also modified their holdings of the company. State Street Corp increased its stake in KBR by 0.7% during the third quarter. State Street Corp now owns 4,016,324 shares of the construction company's stock worth $262,185,000 after acquiring an additional 29,833 shares during the last quarter. Boston Partners increased its position in KBR by 12,326.4% during the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock worth $188,098,000 after purchasing an additional 3,216,323 shares in the last quarter. Bank of New York Mellon Corp increased its position in KBR by 87.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company's stock worth $162,503,000 after purchasing an additional 1,307,033 shares in the last quarter. Franklin Resources Inc. lifted its position 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 buying an additional 305,889 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in KBR by 5.3% during the third quarter. Loomis Sayles & Co. L P now owns 1,256,562 shares of the construction company's stock worth $81,840,000 after buying an additional 62,880 shares during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

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KBR Stock Performance

Shares of KBR stock traded up $0.17 during trading on Tuesday, reaching $51.51. The company had a trading volume of 704,349 shares, compared to its average volume of 1,243,632. The company has a market capitalization of $6.82 billion, a PE ratio of 21.64, a PEG ratio of 0.86 and a beta of 0.86. 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's 50 day simple moving average is $52.85 and its two-hundred day simple moving average is $59.39. KBR, Inc. has a one year low of $47.16 and a one year high of $72.60.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (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 analysts' expectations of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. Sell-side analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from KBR's previous quarterly dividend of $0.15. KBR's payout ratio is 23.57%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup cut their price objective on shares of KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. TD Cowen lowered their target price on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. 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. Finally, KeyCorp lowered their price objective on shares of KBR from $70.00 to $67.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 25th. One 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $75.88.

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 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 of the company's stock, valued at $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.08% of the company's stock.

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.