Cove Street Capital LLC Sells 9,909 Shares of KBR, Inc. (NYSE:KBR)

Cove Street Capital LLC decreased its holdings in shares of KBR, Inc. (NYSE:KBR) by 45.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,692 shares of the construction company’s stock after selling 9,909 shares during the period. Cove Street Capital LLC’s holdings in KBR were worth $677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of KBR. True Wealth Design LLC purchased a new position in shares of KBR during the 3rd quarter valued at $26,000. UMB Bank n.a. raised its holdings in KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after acquiring an additional 175 shares during the period. First Horizon Advisors Inc. bought a new position in shares of KBR in the fourth quarter worth about $32,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of KBR during the fourth quarter worth about $68,000. Finally, Venturi Wealth Management LLC raised its stake 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 period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on KBR shares. TD Cowen cut their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. 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 report on Wednesday, January 29th. KeyCorp cut their price objective on KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group decreased their target price on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.88.

KBR Stock Down 1.6 %

NYSE KBR opened at $50.34 on Friday. KBR, Inc. has a 52 week low of $47.16 and a 52 week high of $72.60. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 0.86 and a beta of 0.86. 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 company has a fifty day moving average of $52.32 and a two-hundred day moving average of $59.18.

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

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.31%. 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 (DPR) is 23.57%.

Insider Activity

In related news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.08% of the company’s stock.

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.