Ararat Capital Management LP Has $4.52 Million Stock Position in KBR, Inc. (NYSE:KBR)

Ararat Capital Management LP decreased its position in shares of KBR, Inc. (NYSE:KBR) by 60.8% in the 4th quarter, HoldingsChannel reports. The firm owned 78,090 shares of the construction company’s stock after selling 121,056 shares during the quarter. KBR accounts for 1.8% of Ararat Capital Management LP’s portfolio, making the stock its 15th largest holding. Ararat Capital Management LP’s holdings in KBR were worth $4,524,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in shares of KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after acquiring an additional 175 shares during the period. First Horizon Advisors Inc. bought a new stake in KBR during the fourth quarter worth $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of KBR in the 4th quarter valued at $68,000. Venturi Wealth Management LLC raised its holdings in shares of 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 in the last quarter. Finally, R Squared Ltd bought a new stake in shares of KBR during the 4th quarter worth $104,000. 97.02% of the stock is owned by institutional investors.

Insider Activity at KBR

In other 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 transaction of $961,210.00. Following the transaction, the insider now owns 63,533 shares in the company, valued at approximately $3,214,134.47. This represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. TD Cowen decreased their target price on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Truist Financial lowered their price objective on shares of KBR from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Citigroup cut their target price on shares of KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. KeyCorp lowered their price target on shares of KBR from $67.00 to $59.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, 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 report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.25.

KBR Stock Performance

NYSE KBR opened at $52.11 on Friday. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 0.86 and a beta of 0.73. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60. The stock has a fifty day simple moving average of $50.49 and a 200 day simple moving average of $56.55. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69.

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 analysts’ consensus estimates of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. Sell-side analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were given a dividend of $0.165 per share. This is an increase from KBR’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 14th. This represents a $0.66 annualized dividend and a dividend yield of 1.27%. KBR’s dividend payout ratio (DPR) is 23.57%.

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.