KBR, Inc. (NYSE:KBR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in KBR, Inc. (NYSE:KBR) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,444 shares of the construction company’s stock after selling 1,388 shares during the quarter. Thrivent Financial for Lutherans’ holdings in KBR were worth $2,081,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KBR. Sei Investments Co. boosted its holdings in KBR by 0.9% in the second quarter. Sei Investments Co. now owns 256,763 shares of the construction company’s stock worth $16,469,000 after purchasing an additional 2,407 shares during the period. Intech Investment Management LLC bought a new position in shares of KBR in the 2nd quarter worth about $1,752,000. XTX Topco Ltd boosted its holdings in shares of KBR by 96.9% in the 2nd quarter. XTX Topco Ltd now owns 26,396 shares of the construction company’s stock valued at $1,693,000 after buying an additional 12,988 shares during the period. Seven Eight Capital LP bought a new stake in shares of KBR during the 2nd quarter valued at about $390,000. Finally, Blair William & Co. IL acquired a new stake in KBR during the second quarter worth about $1,270,000. 97.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KBR shares. DA Davidson reaffirmed a “buy” rating and set a $78.00 target price on shares of KBR in a report on Tuesday, June 25th. StockNews.com raised KBR from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, TD Cowen downgraded shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a report on Friday, September 6th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $75.50.

Insider Transactions at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was 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 of the company’s stock, valued at $7,091,968. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.08% of the company’s stock.

KBR Price Performance

Shares of NYSE KBR opened at $65.75 on Wednesday. The stock has a market cap of $8.83 billion, a P/E ratio of -34.24, a P/E/G ratio of 1.32 and a beta of 0.90. The firm’s 50-day simple moving average is $65.06 and its 200 day simple moving average is $64.66. KBR, Inc. has a fifty-two week low of $49.37 and a fifty-two week high of $69.50. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35.

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

KBR Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Monday, September 16th. KBR’s dividend payout ratio (DPR) is presently -31.25%.

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.