KBR, Inc. (NYSE:KBR) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lessened its holdings in KBR, Inc. (NYSE:KBR) by 20.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,427 shares of the construction company’s stock after selling 5,534 shares during the period. Orion Portfolio Solutions LLC’s holdings in KBR were worth $1,241,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. grew its stake in shares of KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $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 about $32,000. Wilmington Savings Fund Society FSB purchased a new position in shares of KBR in the fourth quarter valued at approximately $68,000. Venturi Wealth Management LLC increased its stake in KBR by 507.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock worth $93,000 after buying an additional 1,339 shares during the period. Finally, R Squared Ltd acquired a new stake in KBR during the 4th quarter worth approximately $104,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Gregory Sean Conlon sold 19,000 shares of the firm’s 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 transaction, the insider now owns 63,533 shares of the company’s stock, valued at $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.08% of the company’s stock.

KBR Stock Performance

NYSE KBR opened at $47.57 on Friday. The company has a fifty day moving average of $51.51 and a two-hundred day moving average of $58.81. The company has a market capitalization of $6.17 billion, a PE ratio of 19.99, a P/E/G ratio of 0.86 and a beta of 0.86. KBR, Inc. has a 1 year low of $47.16 and a 1 year high of $72.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07.

KBR (NYSE:KBR) last announced its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. As a group, analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.39%. KBR’s dividend payout ratio (DPR) is 23.57%.

Analysts Set New Price Targets

KBR has been the topic of several analyst reports. KeyCorp reduced their price objective on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. 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 note on Wednesday, January 8th. Citigroup cut their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group reduced their target price on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.88.

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.