Stevens Capital Management LP Takes $303,000 Position in KBR, Inc. (NYSE:KBR)

Stevens Capital Management LP bought a new position in shares of KBR, Inc. (NYSE:KBR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,231 shares of the construction company’s stock, valued at approximately $303,000.

A number of other institutional investors have also recently bought and sold shares of KBR. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of KBR during the third quarter worth $1,177,000. Raymond James Trust N.A. raised its stake in shares of KBR by 23.2% in the 3rd quarter. Raymond James Trust N.A. now owns 5,425 shares of the construction company’s stock valued at $353,000 after purchasing an additional 1,023 shares during the period. Citigroup Inc. lifted its holdings in shares of KBR by 38.8% in the third quarter. Citigroup Inc. now owns 74,832 shares of the construction company’s stock valued at $4,874,000 after purchasing an additional 20,931 shares in the last quarter. Cerity Partners LLC boosted its position in shares of KBR by 126.4% during the third quarter. Cerity Partners LLC now owns 8,993 shares of the construction company’s stock worth $586,000 after buying an additional 5,020 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in KBR in the 3rd quarter valued at approximately $111,000. Institutional investors own 97.02% of the company’s stock.

KBR Price Performance

NYSE:KBR opened at $51.36 on Tuesday. KBR, Inc. has a 12-month low of $47.16 and a 12-month high of $72.60. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 0.86 and a beta of 0.86. The stock’s 50 day moving average price is $53.00 and its two-hundred day moving average price is $59.46. 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 posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share 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 analysts’ expectations of $2 billion. On average, analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The business 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 $0.165 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.28%. This is a positive change from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio is 23.57%.

Insider Buying and Selling at KBR

In other 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.08% of the company’s stock.

Analyst Ratings Changes

KBR has been the subject of several research reports. TD Cowen decreased their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. KeyCorp decreased their target price 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. Citigroup reduced their price objective on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group dropped their target price on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.88.

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.