KBR, Inc. (NYSE:KBR) Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. lowered its stake in shares of KBR, Inc. (NYSE:KBR) by 0.5% during the fourth quarter, Holdings Channel reports. The fund owned 68,075 shares of the construction company’s stock after selling 350 shares during the period. Sit Investment Associates Inc.’s holdings in KBR were worth $3,944,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KBR. Hennessy Advisors Inc. purchased a new stake in KBR during the 4th quarter worth about $47,022,000. Proficio Capital Partners LLC acquired a new position in shares of KBR during the fourth quarter worth about $1,131,000. Franklin Resources Inc. increased its stake in shares of KBR by 14.5% during the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after buying an additional 305,889 shares during the period. Blue Trust Inc. raised its holdings in KBR by 56.9% in the fourth quarter. Blue Trust Inc. now owns 3,021 shares of the construction company’s stock valued at $175,000 after acquiring an additional 1,095 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC purchased a new position in KBR in the fourth quarter worth approximately $290,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Stock Performance

NYSE KBR opened at $47.57 on Monday. The company has a fifty day moving average of $51.51 and a two-hundred day moving average of $58.77. The company has a market capitalization of $6.17 billion, a PE ratio of 19.99, a P/E/G ratio of 0.86 and a beta of 0.73. KBR, Inc. has a 1 year low of $46.58 and a 1 year high of $72.60. 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 announced 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. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. As a group, analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The firm also recently announced 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. 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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.39%. KBR’s dividend payout ratio (DPR) is 23.57%.

Insider Activity

In other news, insider Gregory Sean Conlon sold 19,000 shares of the firm’s stock in a transaction 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 owns 63,533 shares in the company, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.08% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on KBR. TD Cowen lowered their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. KeyCorp lowered their target price on shares of KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. Citigroup cut their price target 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 lowered their price objective on KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average 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.