Intech Investment Management LLC Raises Holdings in KBR, Inc. (NYSE:KBR)

Intech Investment Management LLC increased its position in shares of KBR, Inc. (NYSE:KBR) by 261.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,509 shares of the construction company’s stock after buying an additional 114,704 shares during the period. Intech Investment Management LLC owned about 0.12% of KBR worth $9,182,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in shares of KBR in the 3rd quarter valued at about $26,000. UMB Bank n.a. raised its stake in KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after buying an additional 175 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in KBR during the fourth quarter worth $32,000. Wilmington Savings Fund Society FSB bought a new stake in KBR during the 4th quarter valued at $68,000. Finally, Venturi Wealth Management LLC raised its position in shares of KBR by 507.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock worth $93,000 after acquiring an additional 1,339 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Price Performance

Shares of KBR opened at $50.94 on Wednesday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The company’s fifty day moving average price is $53.59 and its 200-day moving average price is $59.93. KBR, Inc. has a 1-year low of $47.16 and a 1-year high of $72.60. The firm has a market capitalization of $6.75 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86.

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 the consensus estimate 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 the consensus estimate of $2 billion. On average, equities research analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio is 23.57%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. The Goldman Sachs Group cut their target price on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. KeyCorp cut their price objective on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. TD Cowen decreased their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Citigroup cut their price target on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, DA Davidson reiterated a “buy” rating and set a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.88.

Insider Buying and Selling at KBR

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction dated 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 owns 63,533 shares in the company, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.08% of the company’s stock.

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.