Sanctuary Advisors LLC Acquires Shares of 3,530 KBR, Inc. (NYSE:KBR)

Sanctuary Advisors LLC acquired a new stake in shares of KBR, Inc. (NYSE:KBR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,530 shares of the construction company’s stock, valued at approximately $230,000.

A number of other hedge funds also recently bought and sold shares of KBR. Vanguard Group Inc. lifted its stake in KBR by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock valued at $722,823,000 after buying an additional 52,679 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of KBR in the 1st quarter valued at about $25,000. Congress Asset Management Co. MA increased its holdings in shares of KBR by 38.0% in the 1st quarter. Congress Asset Management Co. MA now owns 134,475 shares of the construction company’s stock valued at $8,561,000 after purchasing an additional 37,034 shares during the period. CIC Wealth LLC acquired a new position in shares of KBR in the 1st quarter valued at about $509,000. Finally, Harbour Capital Advisors LLC increased its holdings in shares of KBR by 0.5% in the 1st quarter. Harbour Capital Advisors LLC now owns 54,135 shares of the construction company’s stock valued at $3,412,000 after purchasing an additional 265 shares during the period. 97.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was 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 approximately $7,091,968. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.08% of the stock is owned by company insiders.

KBR Stock Up 1.6 %

Shares of KBR stock opened at $70.51 on Friday. The stock has a market capitalization of $9.47 billion, a P/E ratio of -36.72, a PEG ratio of 1.40 and a beta of 0.90. 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 stock has a 50 day moving average price of $65.89 and a two-hundred day moving average price of $65.22. KBR, Inc. has a 12-month low of $49.37 and a 12-month high of $70.56.

KBR (NYSE:KBR) last announced its earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The firm had revenue of $1.86 billion during 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%. Equities analysts expect that KBR, Inc. will post 3.25 earnings per share for the current year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.85%. KBR’s payout ratio is currently -31.25%.

Wall Street Analyst Weigh In

KBR has been the topic of a number of research reports. DA Davidson reiterated a “buy” rating and issued a $78.00 target price on shares of KBR in a report on Tuesday, June 25th. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. KeyCorp increased their price objective on KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a report on Friday, September 6th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $76.75.

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.