South Street Advisors LLC Sells 2,515 Shares of KBR, Inc. (NYSE:KBR)

South Street Advisors LLC decreased its stake in KBR, Inc. (NYSE:KBR) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 190,008 shares of the construction company’s stock after selling 2,515 shares during the period. KBR comprises about 1.7% of South Street Advisors LLC’s investment portfolio, making the stock its 27th biggest position. South Street Advisors LLC’s holdings in KBR were worth $11,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in KBR. Janney Montgomery Scott LLC boosted its stake in shares of KBR by 2.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock valued at $766,000 after purchasing an additional 335 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of KBR in the 3rd quarter valued at $771,000. Victory Capital Management Inc. boosted its stake in shares of KBR by 85.1% in the 3rd quarter. Victory Capital Management Inc. now owns 51,109 shares of the construction company’s stock valued at $3,329,000 after purchasing an additional 23,491 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of KBR by 34.6% in the 3rd quarter. Natixis Advisors LLC now owns 55,584 shares of the construction company’s stock valued at $3,620,000 after purchasing an additional 14,295 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of KBR by 27.8% in the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock valued at $105,624,000 after purchasing an additional 353,209 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Trading Up 0.8 %

NYSE:KBR opened at $51.05 on Tuesday. The company has a 50-day moving average price of $53.73 and a 200-day moving average price of $60.06. KBR, Inc. has a 12 month low of $47.16 and a 12 month high of $72.60. 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 market cap of $6.76 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR) last issued its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. Equities analysts predict 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. Investors of record on Friday, March 14th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.29%. This is a positive change from KBR’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. KBR’s dividend payout ratio (DPR) is presently 23.57%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. KeyCorp cut their price objective on shares of KBR from $70.00 to $67.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. DA Davidson reissued a “buy” rating and set a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. The Goldman Sachs Group dropped their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Citigroup dropped their price target on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, TD Cowen dropped their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.