Amalgamated Bank Sells 19,371 Shares of KBR, Inc. (NYSE:KBR)

Amalgamated Bank lowered its stake in KBR, Inc. (NYSE:KBR) by 22.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,954 shares of the construction company’s stock after selling 19,371 shares during the period. Amalgamated Bank owned approximately 0.05% of KBR worth $4,359,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of KBR by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock worth $722,823,000 after purchasing an additional 52,679 shares during the period. Bank of New York Mellon Corp increased its position in KBR by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 1,778,765 shares of the construction company’s stock valued at $114,090,000 after acquiring an additional 113,140 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of KBR by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,766,916 shares of the construction company’s stock valued at $113,331,000 after acquiring an additional 196,693 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of KBR by 359.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock worth $93,431,000 after acquiring an additional 1,148,503 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of KBR during the 4th quarter worth about $77,193,000. 97.02% of the stock is owned by institutional investors.

Insider Activity at KBR

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction on 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 sale, the insider now owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $78.00 price objective on shares of KBR in a research note on Tuesday, June 25th. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, TD Cowen lowered KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a research note on Friday, September 6th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $75.50.

KBR Trading Up 0.0 %

Shares of NYSE KBR opened at $63.58 on Friday. KBR, Inc. has a twelve month low of $49.37 and a twelve month high of $69.50. The firm has a market cap of $8.54 billion, a PE ratio of -33.11, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. The business has a fifty day simple moving average of $65.43 and a two-hundred day simple moving average of $64.47. 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 released its quarterly earnings data 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. Analysts expect that KBR, Inc. will post 3.25 earnings per share for the current fiscal year.

KBR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. KBR’s dividend payout ratio 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.