Quantbot Technologies LP Lowers Holdings in KBR, Inc. (NYSE:KBR)

Quantbot Technologies LP reduced its position in shares of KBR, Inc. (NYSE:KBR) by 63.8% in the fourth quarter, Holdings Channel reports. The firm owned 28,332 shares of the construction company’s stock after selling 49,851 shares during the period. Quantbot Technologies LP’s holdings in KBR were worth $1,641,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KBR. TD Private Client Wealth LLC purchased a new position in KBR during the fourth quarter worth about $259,000. Teacher Retirement System of Texas lifted its stake in shares of KBR by 113.4% in the 4th quarter. Teacher Retirement System of Texas now owns 66,627 shares of the construction company’s stock valued at $3,860,000 after acquiring an additional 35,411 shares during the last quarter. Xponance Inc. grew its holdings in shares of KBR by 3.8% in the fourth quarter. Xponance Inc. now owns 16,072 shares of the construction company’s stock worth $931,000 after purchasing an additional 589 shares during the last quarter. Boston Partners increased its position in shares of KBR by 12,326.4% in the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock valued at $188,098,000 after acquiring an additional 3,216,323 shares during the period. Finally, Intech Investment Management LLC raised its position in KBR by 261.9% during the 4th quarter. Intech Investment Management LLC now owns 158,509 shares of the construction company’s stock valued at $9,182,000 after purchasing an additional 114,704 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

Insiders Place Their Bets

In other news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the completion of the sale, the insider now directly owns 63,533 shares in the company, valued at $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.08% of the company’s stock.

KBR Price Performance

KBR opened at $51.36 on Tuesday. KBR, Inc. has a 1 year low of $47.16 and a 1 year high of $72.60. The stock has a 50-day moving average price of $53.00 and a 200-day moving average price of $59.46. The firm has a market cap of $6.80 billion, a PE ratio of 21.58, a P/E/G ratio of 0.86 and a beta of 0.86. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07.

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

KBR Increases Dividend

The firm also recently announced 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 represents a $0.66 annualized dividend and a yield of 1.28%. 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 currently 23.57%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KBR. Citigroup reduced their price objective 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. TD Cowen decreased their target price on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group dropped their price target on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, KeyCorp lowered 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $75.88.

KBR 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.