Havemeyer Place LP bought a new position in shares of KBR, Inc. (NYSE:KBR – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 19,912 shares of the construction company’s stock, valued at approximately $800,000.
A number of other large investors have also recently added to or reduced their stakes in KBR. Wellington Management Group LLP increased its holdings in KBR by 1,611.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,327 shares of the construction company’s stock worth $93,366,000 after purchasing an additional 1,858,961 shares in the last quarter. Norges Bank bought a new position in shares of KBR in the 4th quarter valued at about $71,785,000. Alyeska Investment Group L.P. bought a new position in shares of KBR in the 3rd quarter valued at about $54,038,000. M&T Bank Corp grew its holdings in shares of KBR by 2,188.1% in the 4th quarter. M&T Bank Corp now owns 691,634 shares of the construction company’s stock valued at $27,804,000 after acquiring an additional 661,406 shares in the last quarter. Finally, Copeland Capital Management LLC grew its holdings in shares of KBR by 84.3% in the 4th quarter. Copeland Capital Management LLC now owns 1,311,730 shares of the construction company’s stock valued at $52,732,000 after acquiring an additional 599,823 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.
KBR Trading Down 0.9%
Shares of NYSE:KBR opened at $35.24 on Tuesday. KBR, Inc. has a 52-week low of $29.94 and a 52-week high of $54.38. The company has a market capitalization of $4.47 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 2.12 and a beta of 0.44. The company has a 50-day simple moving average of $35.16 and a 200 day simple moving average of $39.25. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.16 and a current ratio of 1.16.
KBR Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, June 15th. KBR’s dividend payout ratio (DPR) is 21.09%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on KBR. Citigroup decreased their price objective on KBR from $53.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. UBS Group decreased their price objective on KBR from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Wall Street Zen cut KBR from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Zacks Research upgraded KBR from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Finally, Weiss Ratings cut KBR from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.25.
View Our Latest Stock Analysis on KBR
Insider Activity
In other news, Director Jack B. Moore bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of $31.44 per share, for a total transaction of $125,760.00. Following the purchase, the director owned 54,352 shares of the company’s stock, valued at approximately $1,708,826.88. This trade represents a 7.94% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Shad E. Evans bought 8,375 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $30.60 per share, with a total value of $256,275.00. Following the completion of the purchase, the chief financial officer directly owned 43,725 shares in the company, valued at $1,337,985. The trade was a 23.69% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 29,875 shares of company stock valued at $945,160. Company insiders own 1.15% of the company’s stock.
KBR Profile
KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.
The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.
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