First Trust Advisors LP Sells 48,943 Shares of KBR, Inc. (NYSE:KBR)

First Trust Advisors LP reduced its holdings in shares of KBR, Inc. (NYSE:KBR) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 239,011 shares of the construction company’s stock after selling 48,943 shares during the period. First Trust Advisors LP owned about 0.18% of KBR worth $13,846,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. 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 during the period. CIBC Asset Management Inc increased its stake in shares of KBR by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company’s stock worth $239,000 after buying an additional 203 shares during the period. Treasurer of the State of North Carolina raised its holdings in KBR by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 58,515 shares of the construction company’s stock valued at $3,390,000 after buying an additional 360 shares during the last quarter. Guggenheim Capital LLC raised its holdings in KBR by 4.2% during the 4th quarter. Guggenheim Capital LLC now owns 9,838 shares of the construction company’s stock valued at $570,000 after buying an additional 394 shares during the last quarter. Finally, Mariner LLC boosted its position in KBR by 8.7% during the 4th quarter. Mariner LLC now owns 5,227 shares of the construction company’s stock valued at $303,000 after buying an additional 420 shares during the period. 97.02% of the stock is currently owned by institutional investors.

KBR Price Performance

KBR opened at $53.05 on Monday. KBR, Inc. has a 12-month low of $43.89 and a 12-month high of $72.60. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a fifty day simple moving average of $50.22 and a two-hundred day simple moving average of $56.94.

KBR (NYSE:KBR) last posted its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. Research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were paid a dividend of $0.165 per share. This is a boost from KBR’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.24%. KBR’s payout ratio is presently 23.57%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KBR shares. Citigroup lowered their price objective on shares of KBR from $77.00 to $69.00 and set a “buy” rating for the company in a research note on Friday. KeyCorp lowered their price target on KBR from $67.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. The Goldman Sachs Group cut their price objective on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Truist Financial decreased their target price on KBR from $70.00 to $60.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, TD Cowen cut their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.25.

Insiders Place Their Bets

In related news, insider Gregory Sean Conlon sold 19,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $961,210.00. Following the transaction, the insider now owns 63,533 shares in the company, valued at $3,214,134.47. The trade was a 23.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.11% 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.