AlphaQuest LLC Sells 31,555 Shares of KBR, Inc. (NYSE:KBR)

AlphaQuest LLC cut its holdings in shares of KBR, Inc. (NYSE:KBR) by 83.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,166 shares of the construction company’s stock after selling 31,555 shares during the period. AlphaQuest LLC’s holdings in KBR were worth $357,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KBR. Bank of New York Mellon Corp lifted its stake in KBR by 87.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock valued at $162,503,000 after acquiring an additional 1,307,033 shares during the period. Hennessy Advisors Inc. bought a new position in KBR during the fourth quarter valued at approximately $47,022,000. Jennison Associates LLC grew its position in KBR by 27.8% in the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock worth $105,624,000 after purchasing an additional 353,209 shares during the period. Franklin Resources Inc. lifted its holdings in shares of KBR by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after buying an additional 305,889 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of KBR by 33.0% in the 4th quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company’s stock worth $51,099,000 after buying an additional 218,853 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.

KBR Stock Performance

KBR opened at $50.63 on Friday. The company has a 50 day simple moving average of $53.86 and a two-hundred day simple moving average of $60.29. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $6.70 billion, a P/E ratio of 21.27, a PEG 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.

KBR (NYSE:KBR) last issued 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. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. Equities analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio (DPR) is 23.57%.

Analysts Set New Price Targets

KBR has been the subject of a number of research reports. KeyCorp reduced 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. Citigroup reduced 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. DA Davidson reissued a “buy” rating and issued a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. TD Cowen cut their target price 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. Finally, The Goldman Sachs Group decreased their price target on shares of KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $75.88.

About KBR

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.