Swiss National Bank Sells 500 Shares of KBR, Inc. (NYSE:KBR)

Swiss National Bank lessened its position in KBR, Inc. (NYSE:KBR) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,741 shares of the construction company’s stock after selling 500 shares during the period. Swiss National Bank’s holdings in KBR were worth $15,163,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KBR. True Wealth Design LLC bought a new position in KBR during the third quarter worth about $26,000. UMB Bank n.a. boosted its stake in shares of KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after acquiring an additional 175 shares during the period. First Horizon Advisors Inc. acquired a new position in shares of KBR during the 4th quarter worth approximately $32,000. Wilmington Savings Fund Society FSB bought a new stake in KBR in the 4th quarter valued at $68,000. Finally, Venturi Wealth Management LLC lifted its holdings in KBR by 507.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock valued at $93,000 after purchasing an additional 1,339 shares during the last quarter. 97.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. 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 research report on Wednesday, January 8th. The Goldman Sachs Group lowered their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a report 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 report on Wednesday, January 29th. Finally, KeyCorp lowered 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 investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, KBR has an average rating of “Moderate Buy” and an average price target of $75.88.

KBR Stock Up 0.8 %

NYSE KBR opened at $51.32 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 0.86 and a beta of 0.86. The company has a 50 day moving average of $53.47 and a 200-day moving average of $59.87. KBR, Inc. has a 1-year low of $47.16 and a 1-year high of $72.60.

KBR (NYSE:KBR) last announced its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. On average, equities research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.29%. This is an increase from KBR’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. KBR’s dividend payout ratio is presently 23.57%.

Insider Activity

In other news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now owns 63,533 shares in the company, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.08% of the company’s stock.

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.