KBR, Inc. (NYSE:KBR) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its position in KBR, Inc. (NYSE:KBR) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,929 shares of the construction company’s stock after selling 2,737 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of KBR worth $7,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in KBR during the first quarter worth approximately $25,000. Larson Financial Group LLC grew its stake in KBR by 2,029.2% in the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after acquiring an additional 487 shares during the period. CWM LLC increased its holdings in 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 in the last quarter. Fifth Third Bancorp lifted its holdings in KBR by 17.5% during the second 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 in the last quarter. Finally, Blue Trust Inc. grew its position in shares of KBR by 27.7% in the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock valued at $93,000 after purchasing an additional 316 shares during the period. 97.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were 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 directly owns 106,550 shares in the company, valued at approximately $7,091,968. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a report on Friday, September 6th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $78.00 price target on shares of KBR in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.50.

KBR Trading Up 2.8 %

NYSE:KBR opened at $68.25 on Friday. The stock has a 50-day simple moving average of $65.09 and a 200-day simple moving average of $64.74. KBR, Inc. has a 1 year low of $49.37 and a 1 year high of $69.50. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $9.16 billion, a P/E ratio of -35.55, a P/E/G ratio of 1.32 and a beta of 0.90.

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

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.88%. The ex-dividend date is Monday, September 16th. KBR’s dividend payout ratio (DPR) is -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.