Xponance Inc. Increases Stock Holdings in KBR, Inc. (NYSE:KBR)

Xponance Inc. lifted its stake in shares of KBR, Inc. (NYSE:KBR) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,072 shares of the construction company’s stock after purchasing an additional 589 shares during the quarter. Xponance Inc.’s holdings in KBR were worth $931,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Boston Partners raised its position in KBR by 12,326.4% during the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock worth $188,098,000 after buying an additional 3,216,323 shares during the last quarter. Intech Investment Management LLC raised its holdings in KBR by 261.9% during the fourth quarter. Intech Investment Management LLC now owns 158,509 shares of the construction company’s stock worth $9,182,000 after purchasing an additional 114,704 shares in the last quarter. Parallel Advisors LLC lifted its position in KBR by 8.5% in the fourth quarter. Parallel Advisors LLC now owns 15,562 shares of the construction company’s stock valued at $902,000 after purchasing an additional 1,217 shares during the period. Vestcor Inc acquired a new stake in KBR in the fourth quarter valued at about $199,000. Finally, Sequoia Financial Advisors LLC increased its position in KBR by 8.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 34,774 shares of the construction company’s stock worth $2,014,000 after purchasing an additional 2,592 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.08% of the company’s stock.

KBR Stock Up 0.2 %

Shares of NYSE KBR opened at $50.15 on Monday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s 50-day moving average is $53.16 and its two-hundred day moving average is $59.57. KBR, Inc. has a 12-month low of $47.16 and a 12-month high of $72.60. The company has a market capitalization of $6.64 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86.

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

KBR Increases Dividend

The company also recently declared 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 is a boost from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, March 14th. KBR’s dividend payout ratio (DPR) is currently 23.57%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KBR. TD Cowen reduced their price target on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. KeyCorp decreased their target price 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. The Goldman Sachs Group cut their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Citigroup decreased their price objective on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.88.

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.