5,231 Shares in KBR, Inc. (NYSE:KBR) Purchased by Stevens Capital Management LP

Stevens Capital Management LP acquired a new stake in KBR, Inc. (NYSE:KBR) in the fourth quarter, Holdings Channel reports. The fund acquired 5,231 shares of the construction company’s stock, valued at approximately $303,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Boston Partners grew its position in KBR by 12,326.4% during the fourth 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 in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of KBR by 87.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock worth $162,503,000 after purchasing an additional 1,307,033 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of KBR in the fourth quarter worth $47,022,000. Franklin Resources Inc. raised its stake in KBR by 14.5% in the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after purchasing an additional 305,889 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in KBR by 33.0% during the fourth quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company’s stock worth $51,099,000 after purchasing an additional 218,853 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, insider Gregory Sean Conlon sold 19,000 shares of KBR 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 directly owns 63,533 shares of the company’s stock, valued at $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is currently owned by insiders.

KBR Price Performance

Shares of KBR opened at $51.36 on Tuesday. 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 cap of $6.80 billion, a PE ratio of 21.58, a PEG ratio of 0.86 and a beta of 0.86. KBR, Inc. has a 12-month low of $47.16 and a 12-month high of $72.60. The business has a 50-day simple moving average of $53.00 and a two-hundred day simple moving average of $59.46.

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

KBR Increases Dividend

The firm 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 dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from KBR’s previous quarterly dividend of $0.15. KBR’s payout ratio is 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.