KBR, Inc. (NYSE:KBR) Position Trimmed by Natixis Advisors LLC

Natixis Advisors LLC reduced its holdings in KBR, Inc. (NYSE:KBR) by 41.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 32,379 shares of the construction company’s stock after selling 23,205 shares during the quarter. Natixis Advisors LLC’s holdings in KBR were worth $1,876,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Vestcor Inc acquired a new position in KBR in the fourth quarter valued at approximately $199,000. Sequoia Financial Advisors LLC lifted its holdings in shares of KBR by 8.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 34,774 shares of the construction company’s stock worth $2,014,000 after purchasing an additional 2,592 shares during the last quarter. HighTower Advisors LLC boosted its position in KBR by 3.0% during the 4th quarter. HighTower Advisors LLC now owns 317,986 shares of the construction company’s stock valued at $18,421,000 after purchasing an additional 9,364 shares during the period. Prosperity Financial Group Inc. grew its stake in KBR by 16.1% during the 4th quarter. Prosperity Financial Group Inc. now owns 6,623 shares of the construction company’s stock worth $384,000 after buying an additional 918 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in KBR by 24.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,567 shares of the construction company’s stock worth $2,234,000 after buying an additional 7,465 shares during the period. Institutional investors own 97.02% of the company’s stock.

Insider Activity

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the sale, the insider now owns 63,533 shares in the company, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.08% of the company’s stock.

KBR Trading Up 2.5 %

Shares of KBR stock opened at $51.36 on Tuesday. The business has a fifty day simple moving average of $53.00 and a 200-day simple moving average of $59.46. KBR, Inc. has a fifty-two week low of $47.16 and a fifty-two week high of $72.60. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86. 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 (NYSE:KBR) last issued its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. On average, equities 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. Shareholders of record on Friday, March 14th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 annualized dividend and a dividend yield of 1.28%. This is a boost from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio is currently 23.57%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KBR. TD Cowen dropped their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group dropped their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Citigroup reduced their price objective on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. 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 assigned a buy rating to the company. According to data from MarketBeat, KBR has an average rating of “Moderate Buy” and an average price target 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.