9,151 Shares in KBR, Inc. (NYSE:KBR) Acquired by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd bought a new stake in shares of KBR, Inc. (NYSE:KBR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,151 shares of the construction company’s stock, valued at approximately $530,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of KBR. Russell Investments Group Ltd. grew its holdings in shares of KBR by 5.8% in the fourth quarter. Russell Investments Group Ltd. now owns 435,293 shares of the construction company’s stock worth $25,216,000 after acquiring an additional 23,695 shares during the period. Envestnet Asset Management Inc. increased its position in shares of KBR by 168.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 58,714 shares of the construction company’s stock valued at $3,401,000 after purchasing an additional 36,827 shares during the last quarter. Huber Capital Management LLC lifted its stake in shares of KBR by 3.8% in the 4th quarter. Huber Capital Management LLC now owns 451,623 shares of the construction company’s stock worth $26,163,000 after purchasing an additional 16,579 shares during the period. Headlands Technologies LLC boosted its holdings in shares of KBR by 123.6% in the fourth quarter. Headlands Technologies LLC now owns 13,639 shares of the construction company’s stock worth $790,000 after buying an additional 7,539 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in KBR by 18.7% during the fourth quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company’s stock valued at $166,167,000 after buying an additional 451,887 shares during the period. 97.02% of the stock is owned by institutional investors.

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 transaction of $961,210.00. Following the completion of the transaction, the insider now directly owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.08% of the company’s stock.

KBR Stock Performance

NYSE KBR opened at $47.57 on Monday. The business has a 50-day moving average price of $51.51 and a 200-day moving average price of $58.77. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. KBR, Inc. has a twelve month low of $46.58 and a twelve month high of $72.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR) last announced its quarterly earnings data 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 net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. As a group, equities research analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.39%. 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%.

Analyst Upgrades and Downgrades

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

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.