Sei Investments Co. Boosts Stake in KBR, Inc. (NYSE:KBR)

Sei Investments Co. boosted its holdings in shares of KBR, Inc. (NYSE:KBR) by 36.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and 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. owned 0.25% of KBR worth $19,602,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Boston Partners grew its position in shares of KBR by 12,326.4% in the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock valued at $188,098,000 after purchasing an additional 3,216,323 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in KBR by 87.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock valued at $162,503,000 after buying an additional 1,307,033 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of KBR in the 4th quarter worth $47,022,000. Franklin Resources Inc. raised its holdings in shares of KBR by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after acquiring an additional 305,889 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of KBR by 33.0% during the 4th quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company’s stock valued at $51,099,000 after acquiring an additional 218,853 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

Insiders Place Their Bets

In other news, insider Gregory Sean Conlon sold 19,000 shares of the company’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.08% of the stock is owned by company insiders.

Analyst Ratings Changes

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

KBR Trading Up 0.3 %

Shares of NYSE KBR opened at $51.14 on Friday. The company has a current ratio of 1.07, a quick 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 PEG ratio of 0.86 and a beta of 0.86. KBR, Inc. has a twelve month low of $47.16 and a twelve month high of $72.60. The stock has a fifty day simple moving average of $52.50 and a 200-day simple moving average of $59.27.

KBR (NYSE:KBR) last released its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. On average, equities analysts forecast 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. Investors of record on Friday, March 14th will be paid a dividend of $0.165 per share. This is an increase from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.29%. The ex-dividend date 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.