13,000 Shares in KBR, Inc. (NYSE:KBR) Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. purchased a new position in KBR, Inc. (NYSE:KBR) during the fourth quarter, Holdings Channel.com reports. The firm purchased 13,000 shares of the construction company’s stock, valued at approximately $753,000.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC purchased a new position in KBR in the 3rd quarter worth about $26,000. UMB Bank n.a. increased its stake in KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after purchasing an additional 175 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in KBR in the 4th quarter worth about $32,000. Wilmington Savings Fund Society FSB purchased a new position in KBR in the 4th quarter worth about $68,000. Finally, Venturi Wealth Management LLC increased its stake in 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 purchasing an additional 1,339 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Stock Up 0.2 %

KBR opened at $50.15 on Monday. The business has a 50 day moving average price of $53.16 and a 200 day moving average price of $59.57. KBR, Inc. has a twelve month low of $47.16 and a twelve month high of $72.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $6.64 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR) last posted its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, topping 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 firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. Research analysts forecast 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. Shareholders of record on Friday, March 14th will be given a $0.165 dividend. This is an increase from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, March 14th. KBR’s payout ratio is currently 23.57%.

Analyst Ratings Changes

A number of equities research analysts have commented on KBR shares. The Goldman Sachs Group decreased their price objective on KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. TD Cowen decreased their price objective on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Citigroup decreased their price objective on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, KeyCorp decreased their price objective on KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.88.

Insiders Place Their Bets

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.08% of the company’s stock.

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.