Quantbot Technologies LP Sells 49,851 Shares of KBR, Inc. (NYSE:KBR)

Quantbot Technologies LP trimmed its position in shares of KBR, Inc. (NYSE:KBR) by 63.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,332 shares of the construction company’s stock after selling 49,851 shares during the quarter. Quantbot Technologies LP’s holdings in KBR were worth $1,641,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KBR. True Wealth Design LLC bought a new stake in shares of KBR during the third quarter worth about $26,000. UMB Bank n.a. increased 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 purchasing an additional 175 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of KBR in the fourth quarter worth approximately $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of KBR in the fourth quarter valued at approximately $68,000. Finally, Venturi Wealth Management LLC boosted its position in shares of KBR by 507.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock valued at $93,000 after buying an additional 1,339 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Gregory Sean Conlon sold 19,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction 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. This represents a 23.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

KBR Price Performance

KBR stock opened at $51.36 on Tuesday. The business’s 50 day simple moving average is $53.00 and its 200 day simple moving average is $59.46. KBR, Inc. has a 12 month low of $47.16 and a 12 month high of $72.60. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 0.86 and a beta of 0.86. The company has a current ratio of 1.07, a quick 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 for the quarter, topping the consensus estimate of $0.83 by $0.08. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. Sell-side analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a dividend of $0.165 per share. This is a boost from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, March 14th. KBR’s dividend payout ratio is presently 23.57%.

KBR Company 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.