Venturi Wealth Management LLC Has $93,000 Holdings in KBR, Inc. (NYSE:KBR)

Venturi Wealth Management LLC lifted its stake in KBR, Inc. (NYSE:KBR) by 507.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,603 shares of the construction company’s stock after acquiring an additional 1,339 shares during the period. Venturi Wealth Management LLC’s holdings in KBR were worth $93,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KBR. True Wealth Design LLC acquired a new stake in KBR in the 3rd quarter worth $26,000. UMB Bank n.a. lifted its stake in shares of KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after buying an additional 175 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in KBR during the fourth quarter worth about $68,000. R Squared Ltd bought a new position in KBR during the fourth quarter valued at about $104,000. Finally, Daiwa Securities Group Inc. acquired a new position in KBR in the 3rd quarter valued at approximately $111,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Price Performance

Shares of KBR stock opened at $49.08 on Monday. KBR, Inc. has a 1-year low of $48.66 and a 1-year high of $72.60. The firm’s 50-day moving average price is $56.16 and its two-hundred day moving average price is $61.90. 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 stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 0.86 and a beta of 0.83.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.34%. This is a boost from KBR’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. KBR’s dividend payout ratio (DPR) is currently 27.73%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. TD Cowen lowered their price objective on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. KeyCorp lowered their price target on shares of KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Citigroup reduced their price objective on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. DA Davidson reissued a “buy” rating and issued a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. Finally, UBS Group raised their price target on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, KBR has a consensus rating of “Moderate Buy” and an average price target of $78.00.

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.