KBR, Inc. (NYSE:KBR) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its position in shares of KBR, Inc. (NYSE:KBR) by 36.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 338,371 shares of the construction company’s stock after acquiring an additional 90,833 shares during the period. Sei Investments Co.’s holdings in KBR were worth $19,602,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. True Wealth Design LLC purchased a new stake in shares of KBR during the 3rd quarter worth $26,000. UMB Bank n.a. lifted its holdings in KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after buying an additional 175 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in shares of KBR during the 4th quarter worth about $32,000. Wilmington Savings Fund Society FSB purchased a new position in shares of KBR in the 4th quarter valued at about $68,000. Finally, Venturi Wealth Management LLC raised its position in shares of KBR by 507.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock worth $93,000 after acquiring an additional 1,339 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

KBR Stock Performance

Shares of KBR stock opened at $51.14 on Friday. KBR, Inc. has a 52-week low of $47.16 and a 52-week high of $72.60. The stock’s 50-day moving average price is $52.50 and its 200 day moving average price is $59.27. 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 capitalization of $6.63 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR) last released its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (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 business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. As a group, equities research analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a $0.165 dividend. This is an increase from KBR’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. This represents a $0.66 annualized dividend and a dividend yield of 1.29%. KBR’s payout ratio is presently 23.57%.

Insider Transactions at KBR

In other KBR 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 sale, the insider now owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. The trade was a 23.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.08% of the company’s stock.

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.