Huber Capital Management LLC Acquires 16,579 Shares of KBR, Inc. (NYSE:KBR)

Huber Capital Management LLC raised its holdings in shares of KBR, Inc. (NYSE:KBR) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 451,623 shares of the construction company’s stock after purchasing an additional 16,579 shares during the quarter. KBR accounts for 5.2% of Huber Capital Management LLC’s portfolio, making the stock its largest position. Huber Capital Management LLC owned 0.34% of KBR worth $26,163,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its holdings in 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 purchasing an additional 175 shares during the period. First Horizon Advisors Inc. acquired a new stake in KBR during the fourth quarter worth about $32,000. Wilmington Savings Fund Society FSB acquired a new position in KBR in the fourth quarter valued at approximately $68,000. Venturi Wealth Management LLC grew its holdings in shares of KBR by 507.2% during the fourth 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 last quarter. Finally, R Squared Ltd acquired a new stake in shares of KBR during the 4th quarter worth approximately $104,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at KBR

In related news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction dated 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 approximately $3,214,134.47. This trade represents a 23.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.08% of the company’s stock.

KBR Stock Up 7.8 %

Shares of KBR stock opened at $53.84 on Thursday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $6.98 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86. The business’s fifty day moving average is $51.81 and its 200-day moving average is $58.96. KBR, Inc. has a 1 year low of $47.16 and a 1 year high of $72.60.

KBR (NYSE:KBR) last issued its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping 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 firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. Equities analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio is 23.57%.

Analysts Set New Price Targets

Several brokerages have weighed in on KBR. Citigroup dropped their target price on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. TD Cowen dropped their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group reduced their target price on shares of KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Finally, KeyCorp dropped their price target on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, KBR presently has an average rating of “Moderate Buy” and an average target price of $75.88.

KBR Company Profile

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.