Crossmark Global Holdings Inc. Sells 704 Shares of KBR, Inc. (NYSE:KBR)

Crossmark Global Holdings Inc. cut its holdings in KBR, Inc. (NYSE:KBR) by 8.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,791 shares of the construction company’s stock after selling 704 shares during the period. Crossmark Global Holdings Inc.’s holdings in KBR were worth $500,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of KBR. Norges Bank purchased a new position in shares of KBR in the fourth quarter valued at $77,193,000. Jacobs Levy Equity Management Inc. grew its holdings in KBR by 359.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,467,650 shares of the construction company’s stock valued at $93,431,000 after buying an additional 1,148,503 shares in the last quarter. Freshford Capital Management LLC grew its holdings in KBR by 55.5% during the 4th quarter. Freshford Capital Management LLC now owns 966,610 shares of the construction company’s stock valued at $53,560,000 after buying an additional 344,800 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of KBR by 12.1% in the fourth quarter. Franklin Resources Inc. now owns 3,084,559 shares of the construction company’s stock worth $170,915,000 after buying an additional 331,749 shares in the last quarter. Finally, Onex Canada Asset Management Inc. bought a new position in shares of KBR in the fourth quarter valued at approximately $11,742,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on KBR shares. UBS Group increased their target price on shares of KBR from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Stifel Nicolaus increased their price objective on KBR from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. DA Davidson restated a “buy” rating and set a $78.00 target price on shares of KBR in a research report on Tuesday, June 25th. Finally, StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $76.00.

KBR Stock Up 1.0 %

KBR opened at $69.36 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. The business’s fifty day simple moving average is $65.71 and its 200 day simple moving average is $64.10. KBR, Inc. has a 52 week low of $49.37 and a 52 week high of $69.40. The stock has a market cap of $9.31 billion, a PE ratio of -36.13, a P/E/G ratio of 1.43 and a beta of 0.90.

KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.88 billion. KBR had a return on equity of 27.92% and a net margin of 2.77%. As a group, research analysts expect that KBR, Inc. will post 3.24 earnings per share for the current fiscal year.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.87%. KBR’s dividend payout ratio (DPR) is -31.25%.

Insider Activity at KBR

In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the sale, the insider now directly owns 106,550 shares of the company’s stock, valued at $7,091,968. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.08% of the stock is owned by insiders.

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.