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

Sit Investment Associates Inc. reduced its holdings in KBR, Inc. (NYSE:KBR) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,075 shares of the construction company’s stock after selling 350 shares during the period. Sit Investment Associates Inc. owned about 0.05% of KBR worth $3,944,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KBR. UMB Bank n.a. lifted its stake in KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after buying an additional 175 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in shares of KBR in the fourth quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of KBR in the fourth quarter worth approximately $68,000. Venturi Wealth Management LLC increased 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 worth $93,000 after purchasing an additional 1,339 shares in the last quarter. Finally, R Squared Ltd acquired a new position in KBR in the 4th quarter valued at $104,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the firm’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 completion of the transaction, the insider now directly owns 63,533 shares in the company, valued at $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.08% of the company’s stock.

KBR Stock Down 7.3 %

KBR stock opened at $47.57 on Monday. KBR, Inc. has a one year low of $46.58 and a one year high of $72.60. The firm has a market cap of $6.17 billion, a PE ratio of 19.99, a PEG ratio of 0.86 and a beta of 0.73. The firm’s 50 day moving average price is $51.51 and its 200-day moving average price is $58.77. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

KBR (NYSE:KBR) last posted its earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. The company had revenue of $2.12 billion for 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 research analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.39%. 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. KBR’s dividend payout ratio (DPR) is 23.57%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KBR. KeyCorp dropped their target price on shares of KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Citigroup dropped 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. TD Cowen cut their price objective 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. Finally, The Goldman Sachs Group lowered 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 research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.