Sciencast Management LP Lowers Position in KBR, Inc. (NYSE:KBR)

Sciencast Management LP lessened its stake in KBR, Inc. (NYSE:KBR) by 57.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,820 shares of the construction company’s stock after selling 17,121 shares during the quarter. Sciencast Management LP’s holdings in KBR were worth $743,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. lifted its holdings 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 worth $31,000 after buying an additional 175 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of KBR by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company’s stock worth $239,000 after buying an additional 203 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in KBR by 1.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company’s stock worth $1,283,000 after purchasing an additional 300 shares during the last quarter. True Wealth Design LLC bought a new stake in KBR in the third quarter worth $26,000. Finally, First Horizon Advisors Inc. bought a new stake in KBR in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Insider Transactions at KBR

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. KeyCorp reduced their price target on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. Citigroup reduced their price target on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, TD Cowen reduced their price target 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, KBR has an average rating of “Moderate Buy” and an average target price of $75.88.

KBR Trading Up 0.2 %

KBR stock opened at $50.15 on Friday. The firm’s fifty day simple moving average is $53.16 and its two-hundred day simple moving average is $59.62. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86. KBR, Inc. has a twelve month low of $47.16 and a twelve month high of $72.60.

KBR (NYSE:KBR) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. As a group, analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a $0.165 dividend. The ex-dividend date is Friday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.32%. KBR’s dividend payout ratio is presently 23.57%.

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.