KBR, Inc. (NYSE:KBR) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in shares of KBR, Inc. (NYSE:KBR) by 261.9% during the 4th quarter, HoldingsChannel reports. The fund owned 158,509 shares of the construction company’s stock after purchasing an additional 114,704 shares during the period. Intech Investment Management LLC’s holdings in KBR were worth $9,182,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KBR. True Wealth Design LLC acquired a new position in KBR in the 3rd quarter worth about $26,000. UMB Bank n.a. raised 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 buying an additional 175 shares during the period. First Horizon Advisors Inc. purchased a new position in shares of KBR during the 4th quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new stake in KBR in the 4th quarter valued at $68,000. Finally, Venturi Wealth Management LLC increased its holdings in KBR by 507.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock worth $93,000 after acquiring an additional 1,339 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KBR. DA Davidson reiterated a “buy” rating and issued a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. Citigroup lowered their price objective on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. TD Cowen reduced their target price on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. 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 note on Wednesday, February 26th. Finally, KeyCorp decreased their price objective on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a 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 stock. According to MarketBeat, KBR presently has a consensus rating of “Moderate Buy” and an average price target of $75.88.

KBR Stock Down 0.2 %

Shares of NYSE:KBR opened at $50.94 on Wednesday. KBR, Inc. has a 52-week low of $47.16 and a 52-week high of $72.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The business has a fifty day moving average of $53.59 and a two-hundred day moving average of $59.93. The stock has a market cap of $6.75 billion, a P/E ratio of 21.40, a PEG ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR) last announced its quarterly earnings data 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. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. On average, research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. 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 presently 23.57%.

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.