KBR, Inc. (NYSE:KBR) Stake Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in KBR, Inc. (NYSE:KBR) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,618 shares of the construction company’s stock after selling 1,030 shares during the period. Victory Capital Management Inc.’s holdings in KBR were worth $1,771,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Rise Advisors LLC acquired a new stake in KBR in the first quarter worth $25,000. Larson Financial Group LLC grew its position in shares of KBR by 2,029.2% during the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after acquiring an additional 487 shares during the last quarter. CWM LLC increased its holdings in shares of KBR by 39.4% in the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after acquiring an additional 231 shares during the period. Fifth Third Bancorp lifted its position in KBR by 17.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after purchasing an additional 179 shares during the last quarter. Finally, Principal Securities Inc. bought a new stake in KBR in the 4th quarter valued at about $82,000. Institutional investors own 97.02% of the company’s stock.

Analysts Set New Price Targets

KBR has been the subject of several recent analyst reports. DA Davidson restated a “buy” rating and issued a $78.00 target price on shares of KBR in a research report on Tuesday, June 25th. TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a report on Friday, September 6th. Finally, StockNews.com raised KBR from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, KBR presently has an average rating of “Buy” and an average target price of $75.50.

KBR Trading Up 0.2 %

KBR stock opened at $62.16 on Thursday. KBR, Inc. has a 12-month low of $49.37 and a 12-month high of $69.50. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $8.35 billion, a PE ratio of -32.44, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. The firm has a 50 day simple moving average of $65.52 and a 200-day simple moving average of $64.45.

KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. As a group, equities research analysts expect that KBR, Inc. will post 3.25 EPS for the current fiscal year.

KBR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Monday, September 16th. KBR’s payout ratio is currently -31.25%.

Insiders Place Their Bets

In other news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the transaction, the insider now owns 106,550 shares in the company, valued at approximately $7,091,968. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.08% of the stock is owned by company insiders.

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.