Yousif Capital Management LLC Sells 564 Shares of KBR, Inc. (NYSE:KBR)

Yousif Capital Management LLC cut its stake in shares of KBR, Inc. (NYSE:KBR) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,635 shares of the construction company’s stock after selling 564 shares during the quarter. Yousif Capital Management LLC’s holdings in KBR were worth $3,194,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC lifted its holdings in KBR by 1,313.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 463,087 shares of the construction company’s stock valued at $27,294,000 after purchasing an additional 430,318 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of KBR by 344.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 545,554 shares of the construction company’s stock worth $32,155,000 after acquiring an additional 422,856 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of KBR by 29.9% in the 3rd quarter. Jennison Associates LLC now owns 1,426,862 shares of the construction company’s stock worth $84,099,000 after acquiring an additional 328,009 shares in the last quarter. PointState Capital LP grew its position in KBR by 34.0% during the 3rd quarter. PointState Capital LP now owns 708,487 shares of the construction company’s stock worth $41,758,000 after acquiring an additional 179,831 shares during the last quarter. Finally, Atika Capital Management LLC increased its holdings in KBR by 277.0% during the 3rd quarter. Atika Capital Management LLC now owns 230,000 shares of the construction company’s stock valued at $13,556,000 after purchasing an additional 169,000 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Stock Performance

KBR stock opened at $65.30 on Monday. KBR, Inc. has a twelve month low of $49.37 and a twelve month high of $65.87. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05. The business’s fifty day moving average is $61.79 and its 200-day moving average is $56.89.

KBR (NYSE:KBR) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.69 EPS for the quarter, meeting analysts’ consensus estimates of $0.69. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. Research analysts predict that KBR, Inc. will post 3.19 earnings per share for the current fiscal year.

KBR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were paid a dividend of $0.15 per share. This is a positive change from KBR’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 14th. This represents a $0.60 annualized dividend and a yield of 0.92%. KBR’s dividend payout ratio (DPR) is presently -29.27%.

Insider Activity at KBR

In other news, EVP Jennifer Myles sold 8,000 shares of KBR stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total transaction of $471,600.00. Following the transaction, the executive vice president now directly owns 38,524 shares of the company’s stock, valued at $2,270,989.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.08% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. UBS Group lowered their target price on KBR from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. KeyCorp upped their target price on shares of KBR from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Citigroup raised their price target on shares of KBR from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Stifel Nicolaus increased their price objective on KBR from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, StockNews.com upgraded KBR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $73.43.

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.