Proficio Capital Partners LLC Buys New Position in KBR, Inc. (NYSE:KBR)

Proficio Capital Partners LLC bought a new stake in shares of KBR, Inc. (NYSE:KBR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,522 shares of the construction company’s stock, valued at approximately $1,131,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. True Wealth Design LLC bought a new position in KBR in the third quarter worth $26,000. UMB Bank n.a. raised 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 worth $31,000 after purchasing an additional 175 shares in the last quarter. First Horizon Advisors Inc. bought a new position in KBR in the fourth quarter worth $32,000. Wilmington Savings Fund Society FSB bought a new position in KBR in the fourth quarter worth $68,000. Finally, Venturi Wealth Management LLC raised its holdings in KBR by 507.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock worth $93,000 after purchasing an additional 1,339 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.

KBR Trading Up 3.7 %

KBR stock opened at $51.91 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR, Inc. has a one year low of $47.16 and a one year high of $72.60. The stock has a market capitalization of $6.88 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. The business’s fifty day moving average is $54.70 and its 200 day moving average is $60.96.

KBR (NYSE:KBR) last released its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $2 billion. On average, sell-side analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a dividend of $0.165 per share. The ex-dividend date is Friday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.27%. KBR’s dividend payout ratio (DPR) is 23.57%.

Analyst Ratings Changes

A number of research firms have issued reports on KBR. DA Davidson reiterated a “buy” rating and issued a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. Citigroup decreased their price objective on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. TD Cowen decreased their price objective on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group cut their target price 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, KeyCorp cut their target price on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.88.

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.