Anthracite Investment Company Inc. Sells 1,500 Shares of KBR, Inc. (NYSE:KBR)

Anthracite Investment Company Inc. trimmed its holdings in KBR, Inc. (NYSE:KBR) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,500 shares of the construction company’s stock after selling 1,500 shares during the quarter. KBR comprises about 1.2% of Anthracite Investment Company Inc.’s investment portfolio, making the stock its 22nd biggest holding. Anthracite Investment Company Inc.’s holdings in KBR were worth $3,389,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. increased its stake in shares of KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after purchasing an additional 175 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of KBR by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company’s stock worth $239,000 after buying an additional 203 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position 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 valued at $1,283,000 after buying an additional 300 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of KBR in the third quarter worth $26,000. Finally, First Horizon Advisors Inc. purchased a new position in shares of KBR in the 4th quarter worth about $32,000. 97.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on KBR shares. KeyCorp cut their price target on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. Citigroup reduced their target price on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. TD Cowen lowered 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. Finally, The Goldman Sachs Group reduced their price objective on KBR from $75.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $75.88.

Insider Buying and Selling

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the 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 completion of the sale, the insider now directly owns 63,533 shares of the company’s stock, valued at $3,214,134.47. This trade represents a 23.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.08% of the stock is currently owned by company insiders.

KBR Price Performance

Shares of NYSE:KBR opened at $51.51 on Wednesday. The firm’s 50 day moving average price is $52.85 and its 200-day moving average price is $59.39. The stock has a market capitalization of $6.82 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86. KBR, Inc. has a twelve month low of $47.16 and a twelve month 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.

KBR (NYSE:KBR) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS 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 firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. Equities research analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The firm 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. KBR’s dividend payout ratio is 23.57%.

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.