Ameritas Investment Partners Inc. Cuts Position in KBR, Inc. (NYSE:KBR)

Ameritas Investment Partners Inc. trimmed its holdings in shares of KBR, Inc. (NYSE:KBR) by 4.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 28,560 shares of the construction company’s stock after selling 1,249 shares during the period. Ameritas Investment Partners Inc.’s holdings in KBR were worth $1,832,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. RK Capital Management LLC raised its stake in KBR by 37.4% during the fourth quarter. RK Capital Management LLC now owns 258,127 shares of the construction company’s stock valued at $14,303,000 after buying an additional 70,327 shares during the last quarter. CenterBook Partners LP raised its position in shares of KBR by 341.8% in the 4th quarter. CenterBook Partners LP now owns 51,347 shares of the construction company’s stock worth $2,845,000 after purchasing an additional 39,726 shares during the last quarter. Vanguard Group Inc. boosted its stake in KBR by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock worth $722,823,000 after purchasing an additional 52,679 shares in the last quarter. Norden Group LLC grew its position in KBR by 1,030.1% during the 1st quarter. Norden Group LLC now owns 74,200 shares of the construction company’s stock valued at $4,723,000 after purchasing an additional 67,634 shares during the last quarter. Finally, Qsemble Capital Management LP bought a new stake in KBR during the 1st quarter valued at about $868,000. 97.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KBR shares. TD Cowen downgraded shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a research note on Friday, September 6th. DA Davidson reaffirmed a “buy” rating and issued a $78.00 price objective on shares of KBR in a research report on Tuesday, June 25th. Finally, StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a report on Friday. One 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $75.50.

Insider Activity at KBR

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

KBR Price Performance

Shares of KBR opened at $63.58 on Monday. The firm has a fifty day simple moving average of $65.43 and a two-hundred day simple moving average of $64.49. The firm has a market cap of $8.54 billion, a PE ratio of -33.11, a P/E/G ratio of 1.25 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. KBR, Inc. has a 1-year low of $49.37 and a 1-year high of $69.50.

KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. KBR had a return on equity of 27.92% and a net margin of 2.77%. On average, equities analysts anticipate that KBR, Inc. will post 3.25 EPS for the current year.

KBR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Monday, September 16th. KBR’s payout ratio is -31.25%.

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.