KBR, Inc. (NYSE:KBR) Shares Sold by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC cut its holdings in shares of KBR, Inc. (NYSE:KBR) by 38.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,290 shares of the construction company’s stock after selling 25,500 shares during the period. Pier 88 Investment Partners LLC’s holdings in KBR were worth $2,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp lifted its holdings in KBR by 17.5% during the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after purchasing an additional 179 shares in the last quarter. CWM LLC boosted its stake in KBR by 39.4% during the 2nd 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. Harbour Capital Advisors LLC lifted its stake in shares of KBR by 0.5% in the first quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock worth $3,412,000 after buying an additional 265 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of KBR by 0.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 37,473 shares of the construction company’s stock worth $2,076,000 after buying an additional 293 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in KBR by 27.7% during the second quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after acquiring an additional 316 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a report on Friday. DA Davidson restated a “buy” rating and set a $78.00 price target on shares of KBR in a research report on Tuesday, June 25th. UBS Group raised their target price on KBR from $68.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Finally, StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, KBR currently has an average rating of “Moderate Buy” and an average price target of $75.50.

KBR Price Performance

Shares of NYSE KBR opened at $62.04 on Friday. The stock has a 50 day moving average of $65.83 and a two-hundred day moving average of $64.32. 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 has a market cap of $8.33 billion, a P/E ratio of -32.31, a P/E/G ratio of 1.43 and a beta of 0.90. KBR, Inc. has a twelve month low of $49.37 and a twelve month high of $69.50.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.04. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. KBR had a net margin of 2.77% and a return on equity of 27.92%. On average, research analysts forecast that KBR, Inc. will post 3.24 earnings per share for the current year.

KBR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Monday, September 16th. KBR’s dividend payout ratio is presently -31.25%.

Insiders Place Their Bets

In other news, insider Jalal Ibrahim sold 35,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the transaction, the insider now directly owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.08% of the stock is currently owned by company insiders.

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.