Sanctuary Advisors LLC Sells 211 Shares of KBR, Inc. (NYSE:KBR)

Sanctuary Advisors LLC reduced its position in shares of KBR, Inc. (NYSE:KBR) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,911 shares of the construction company’s stock after selling 211 shares during the period. Sanctuary Advisors LLC’s holdings in KBR were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. boosted its holdings in KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after acquiring an additional 175 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in KBR by 1.5% in the third 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 acquiring an additional 300 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in KBR by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock valued at $766,000 after acquiring an additional 335 shares during the last quarter. True Wealth Design LLC bought a new stake in KBR in the third quarter valued at approximately $26,000. Finally, Cetera Trust Company N.A boosted its holdings in KBR by 18.8% in the fourth quarter. Cetera Trust Company N.A now owns 3,567 shares of the construction company’s stock valued at $207,000 after acquiring an additional 565 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KBR has been the topic of several analyst reports. KeyCorp reduced their target price on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. DA Davidson reiterated a “buy” rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. TD Cowen dropped their price target on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group dropped their price target on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, Citigroup dropped their price target on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.88.

KBR Price Performance

Shares of NYSE:KBR opened at $48.27 on Tuesday. 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, Inc. has a twelve month low of $47.16 and a twelve month high of $72.60. The stock’s 50 day moving average is $55.15 and its 200-day moving average is $61.22. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR) last issued its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. Sell-side analysts forecast that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a $0.165 dividend. This is a positive change from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, March 14th. KBR’s dividend payout ratio is presently 23.57%.

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.