Ararat Capital Management LP Sells 121,056 Shares of KBR, Inc. (NYSE:KBR)

Ararat Capital Management LP trimmed its position in shares of KBR, Inc. (NYSE:KBR) by 60.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,090 shares of the construction company’s stock after selling 121,056 shares during the period. KBR makes up approximately 1.8% of Ararat Capital Management LP’s holdings, making the stock its 15th largest holding. Ararat Capital Management LP owned approximately 0.06% of KBR worth $4,524,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its position in shares of KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after acquiring an additional 175 shares during the last quarter. Utah Retirement Systems grew its stake in KBR by 2.9% in the fourth quarter. Utah Retirement Systems now owns 7,200 shares of the construction company’s stock valued at $417,000 after acquiring an additional 200 shares during the period. CIBC Asset Management Inc grew its position in shares of KBR by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company’s stock valued at $239,000 after purchasing an additional 203 shares during the period. Treasurer of the State of North Carolina lifted its stake in KBR by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 58,515 shares of the construction company’s stock valued at $3,390,000 after buying an additional 360 shares in the last quarter. Finally, Guggenheim Capital LLC raised its holdings in shares of KBR by 4.2% during the fourth quarter. Guggenheim Capital LLC now owns 9,838 shares of the construction company’s stock worth $570,000 after acquiring an additional 394 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

Insider Activity

In related news, insider Gregory Sean Conlon sold 19,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the transaction, the insider now directly owns 63,533 shares of the company’s stock, valued at approximately $3,214,134.47. This trade 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 is available through the SEC website. 1.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Citigroup dropped their target price on KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. TD Cowen cut their price objective on 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 $67.00 to $59.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Truist Financial cut their price target on shares of KBR from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, The Goldman Sachs Group dropped their target price on shares of 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, KBR presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.25.

KBR Stock Performance

Shares of KBR stock opened at $52.11 on Friday. KBR, Inc. has a 52 week low of $43.89 and a 52 week high of $72.60. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 0.86 and a beta of 0.73. The company has a 50-day simple moving average of $50.49 and a 200 day simple moving average of $56.55. 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 issued its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The company 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%. On average, sell-side analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were given a dividend of $0.165 per share. This is a boost from KBR’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 14th. This represents a $0.66 annualized dividend and a yield of 1.27%. KBR’s dividend payout ratio (DPR) 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.