Engine Capital Management LP Lowers Holdings in KBR, Inc. (NYSE:KBR)

Engine Capital Management LP cut its stake in shares of KBR, Inc. (NYSE:KBR) by 11.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 247,548 shares of the construction company’s stock after selling 32,236 shares during the period. KBR makes up 3.0% of Engine Capital Management LP’s holdings, making the stock its 13th biggest holding. Engine Capital Management LP owned approximately 0.18% of KBR worth $15,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in shares of KBR in the first quarter worth $25,000. Larson Financial Group LLC grew its position in shares of 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 buying an additional 487 shares during the last quarter. CWM LLC grew its holdings in shares of KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after purchasing an additional 231 shares during the last quarter. Fifth Third Bancorp grew its stake in KBR by 17.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after buying an additional 179 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of KBR by 27.7% in the 2nd quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock valued at $93,000 after acquiring an additional 316 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction dated 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 owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is owned by company insiders.

KBR Stock Up 1.2 %

Shares of NYSE:KBR opened at $64.37 on Tuesday. KBR, Inc. has a 12-month low of $49.37 and a 12-month high of $69.50. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. The stock’s 50-day moving average price is $65.41 and its two-hundred day moving average price is $64.50. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of -33.53, a PEG ratio of 1.25 and a beta of 0.90.

KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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. On average, research analysts forecast that KBR, Inc. will post 3.25 EPS for the current year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Monday, September 16th. KBR’s payout ratio is -31.25%.

Analyst Ratings Changes

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

About KBR

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.