KBR, Inc. (NYSE:KBR) Position Reduced by Ionic Capital Management LLC

Ionic Capital Management LLC reduced its position in shares of KBR, Inc. (NYSE:KBR) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 51,135 shares of the construction company’s stock after selling 825 shares during the period. KBR comprises about 0.3% of Ionic Capital Management LLC’s investment portfolio, making the stock its 17th biggest holding. Ionic Capital Management LLC’s holdings in KBR were worth $2,962,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of KBR. Tidal Investments LLC acquired a new position in KBR during the third quarter worth about $200,000. First Hawaiian Bank acquired a new position in shares of KBR in the 4th quarter worth approximately $205,000. Hennessy Advisors Inc. bought a new stake in shares of KBR in the 4th quarter worth approximately $47,022,000. Wedge Capital Management L L P NC lifted its stake in KBR by 2.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 60,314 shares of the construction company’s stock valued at $3,494,000 after purchasing an additional 1,539 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its holdings in KBR by 58.5% during the fourth quarter. Diversify Wealth Management LLC now owns 9,665 shares of the construction company’s stock worth $564,000 after buying an additional 3,566 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup cut their price objective on KBR from $77.00 to $69.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Truist Financial reduced their target price on KBR from $70.00 to $60.00 and set a “buy” rating for the company in a report on Monday, April 14th. The Goldman Sachs Group dropped their price target on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, KeyCorp upped their price objective on shares of KBR from $59.00 to $63.00 and gave the company an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, KBR currently has an average rating of “Moderate Buy” and an average target price of $68.86.

Insiders Place Their Bets

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the completion of the sale, the insider now directly owns 63,533 shares of the company’s stock, valued at $3,214,134.47. The trade was a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.11% of the company’s stock.

KBR Trading Up 0.7 %

Shares of NYSE KBR opened at $55.23 on Friday. The firm has a market capitalization of $7.17 billion, a PE ratio of 23.21, a PEG ratio of 0.86 and a beta of 0.83. KBR, Inc. has a one year low of $43.89 and a one year high of $72.60. 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 business has a 50-day moving average price of $51.03 and a two-hundred day moving average price of $55.92.

KBR (NYSE:KBR) last released its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.10. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.09 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 EPS. As a group, analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were paid a $0.165 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.20%. This is an increase from KBR’s previous quarterly dividend of $0.15. KBR’s payout ratio is 23.57%.

KBR 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.