Aristotle Capital Boston LLC Lowers Stake in KBR, Inc. (NYSE:KBR)

Aristotle Capital Boston LLC decreased its holdings in KBR, Inc. (NYSE:KBR) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 598,901 shares of the construction company’s stock after selling 23,693 shares during the quarter. KBR accounts for about 1.3% of Aristotle Capital Boston LLC’s holdings, making the stock its 25th largest holding. Aristotle Capital Boston LLC owned 0.45% of KBR worth $34,694,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of KBR. Vanguard Group Inc. raised its stake in shares of KBR by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company’s stock worth $740,951,000 after buying an additional 68,588 shares during the period. Boston Partners raised its position in KBR by 12,326.4% during the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock worth $188,098,000 after acquiring an additional 3,216,323 shares during the period. Franklin Resources Inc. lifted its holdings in KBR by 18.7% during the fourth quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company’s stock valued at $166,167,000 after purchasing an additional 451,887 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of KBR by 87.2% in the fourth 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 purchasing an additional 1,307,033 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of KBR by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,182,921 shares of the construction company’s stock worth $126,452,000 after purchasing an additional 130,535 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

Insider Buying and Selling at KBR

In other news, insider Gregory Sean Conlon sold 19,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the completion of the transaction, the insider now directly owns 63,533 shares in the company, 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 at the SEC website. Company insiders own 1.11% of the company’s stock.

KBR Trading Down 0.8 %

Shares of KBR stock opened at $52.11 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60. The company’s 50-day moving average price is $50.49 and its 200-day moving average price is $56.55. The stock has a market cap 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 (NYSE:KBR) last posted its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. As a group, equities analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.27%. KBR’s dividend payout ratio is currently 23.57%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. KeyCorp lowered their price objective on KBR from $67.00 to $59.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group dropped their price target on KBR from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. TD Cowen reduced 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. Truist Financial lowered their target price on shares of KBR from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Citigroup decreased their price target on shares of KBR from $77.00 to $69.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, KBR presently has an average rating of “Moderate Buy” and an average price target of $70.25.

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.